Takaful Endowment Plan

Product Takaful Golden Endowment Plan
Plan Type Shariah Compliant Bonus Based & Unit-Linked
Entry Age 18 to 65
Tenure Minimum:  10 years
Maximum:  57 years
Minimum Contribution Annual: Rs. 15,000/-.
Semi-Annual: Rs. 8,000/-.
Quarterly: Rs. 4,100/-.
Monthly: Rs. 1,400/-.
Mode Monthly, Quarterly, Semi-annual and Annual
Riders  Family Income Benefit 
  Accidental Death Benefit
  Accidental Death and Disability Benefit
  (Note: - Participant may select any one of the two accidental supplementary benefits, but not both)


This plan has been especially designed for those individuals who seek protection, savings and investment under Shariah principles. The plan shall fulfil their future needs like financial necessities after retirement, children’s higher education and marriage, establish & expansion of business, purchase of land or renovation & construction of house and most importantly financial protection of a family in case of sudden death.

Death Benefits

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.

Maturity Benefits
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).

1. Inflation Protection/Indexation:

The Participant can also opt to have indexed regular contributions by selecting any one of the following options:
i. Indexation of Contributions:-
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.

2. Fund Acceleration Contributions:

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/-.