Savings Takaful Plan
It is important to start planning for your future – whether it is preparing yourself for any emergencies, providing for your children’s financial stability, buying a house or simply planning your marriage.
At SABB Takaful, we know that you would also like to ensure financial protection for your loved ones should something unexpected happen to you (God forbid). With our Savings Takaful Plan, we tailor the right savings plan to help you meet your financial goal. At the same time, you will receive personalised financial protection to take care of your family’s financial needs. What’s more, we assure you that this plan is fully Shariah compliant.
Start investing a small amount on a regular basis so that you can enjoy your today and tomorrow with greater peace of mind.
Benefits at a glance
Peace of mind
You can rest assured that this plan is fully Shariah compliant and is approved by SABB’s Shariah Committee. The Shariah Committee members are:
- Sheikh Abdullah Bin Sulaiman Al Manea
- Sheikh Dr. Abdullah Al Mutlaq
- Sheikh Dr. Muhammed A. Elgari Bin Eid
Takaful surplus sharing
You may be eligible to receive a share of any declared surplus* from the Takaful Fund.
Affordable contribution and ease of payment
Contribution to this plan starts from as low as SAR 750 per month. You can opt for monthly, quarterly, semi-annual or annual contribution payment using your credit card or by directly debiting your bank account.
Flexible term period
You may choose a plan term starting from a minimum period of 5 years to a maximum of 30 years, subject to a maximum age of 75 years upon maturity.
Flexible top-up scheme
You may top-up your plan whenever you are comfortable to do so by increasing your regular contribution or by a lump sum contribution.
Professional advice
SABB’s Advisors will assist you in your personal financial review and develop a plan to help you reach your desired financial goal. The amount and term period of your plan will depend on your financial needs, your risk profile and your affordability.
Eligibility
You may enrol in this plan if you are aged between18 and 65 years.
Choice of investment strategies and funds
We are able to take advantage of the local knowledge and expertise of our affiliate, HSBC Saudi Arabia Limited through whom SABB Takaful offers a range of investment strategies and funds to meet your needs.
Beneficiaries
Your appointed beneficiaries are entitled to receive the Family Takaful benefit in the event of your death (God forbid).
Option for additional benefit
You may choose to add accidental death benefit, accidental medical expenses benefit, critical illness benefit, waiver of contribution benefit, and partial or total permanent disability benefit to your plan for a more comprehensive coverage.
Choice of maturity payout
Upon maturity, you can choose to receive the full fund value as a lump sum, in regular instalments or in a combination of both.
Start saving for your future today!
Contact us for a complimentary personal financial review now.
