Brief
This plan caters the needs of individuals who seek protection, saving and investment under Sharia principals. The plan shall fulfill their future needs like financial necessities after retirement, children Higer education and marriage, establish and expansion of business, purchase of land or renovation & construction of house and most importantly financial protection of a family in case o sudden death.
Takaful Golden Endowment is a unique saving and protection scheme which offer Takaful coverage of 20 years while only paying contribution for the first 7 years.
| Product | Takaful Platinum Plus Plan | |
| Plan Type | Shariah-Compliant Bonus-Based Unit-Linked Family Takaful Plan | |
| Entry Entry Age | 1 to 60 Years (Maximum Maturity Age: 70 Years) | |
| Tenure | 10 Years | |
| Minimum Contribution | Rs. 65,000/- | |
| Mode | Annual | |
| Riders | Term Takaful Rider (TTR) | |
| Optional Rider | Accidental Death Benefit (ADB) | |
| Rider Eligibility | Contribution for ADB is payable only during the 3-year contribution period, while protection continues throughout the 10-year membership term. Maximum entry age for ADB is 50 years, and the rider terminates at 60 years. | |
Upon death of the participant during the membership term, Death Benefit equal to the Sum Covered plus declared bonuses will be payable from Participant Takaful Endowment Fund (PTEF). Additionally, Carrying Value of Participant Investment Account is also payable to the nominee.
On maturity of the membership, Sum Covered and declared bonuses shall be payable from Participant Takaful Endowment Fund (PTEF) in addition to carrying value of Participant Investment Endowment Fund (PIEF). ADDITIONAL VALUE ADDED OPTIONS
The Participant can also opt to have indexed regular contributions by selecting any one of the following options:
Under this option, the Regular Contributions may be increased by 6% on every Membership Anniversary. The Sum Covered of the plan including those applicable to additional benefits (if any) will remain same and will not be subject to indexation under this option.
The Plan also offers flexibility to the Participant by providing an option to invest additional funds available to enrich savings. These lump-sum contributions are termed Fund Acceleration Contributions and can be placed anytime while the policy is in-force. Units will be credited to the Participant’s Investment Endowment Fund (PIEF) after deduction of applicable charges against the Fund Acceleration Contributions received. The minimum contribution shall not be less than Rs.10,000/-.
