Just when you wondered if your family Takaful coverage can get more interesting! In comes Family Takaful IGI Life-WTO Saholat Takaful Savings Plan. IGI Life – Window Takaful Operations’ unique offering, which gives you the ability to choose your investment size based on your annual contribution, all while availing the same product features. The IGI Life-WTO Saholat Takaful Savings Plan is a proof that IGI Life WTO’s Takaful plans are notonly 100% Shariah Compliant, but they also empower the members by giving the right to choose on how much they invest.
The plan is being offered by IGI Life – Window Takaful Operations and has been exclusively designed for Bank Alfalah customers. It is only available through Bank Alfalah’s branches.
Highest 1st Year unit allocation on affordable contribution amounts, in Takaful Industry – Up to 55% Allocation
Your contributions will be invested in the fund(s) according to the strategy of your choice (Aggressive / Balanced / Conservative) which are managed by expert investment managers in order to ensure optimized returns with manageable risk exposure.
Note: For a better understanding in making your selection according to your savings and takaful needs, you may contact representatives at your nearest Bank Alfalah Limited branch.
The plan is available to all Bank Alfalah Limited customers between 18 to 65 years of age.
Minimum Term: 10 years
Maximum Term: Up to an attained age of 85 years
Following are the requirements for Claims settlement:
Note: Further requirements can be asked for depending on the case.
A claim is settled as soon as requirements to the satisfaction of IGI Life Window Takaful Operations are submitted at its Head Office (IGI Life Insurance Limited, The Forum, 7th Floor, Suite No 701-713, Khayaban-e-Jami, Block 9, Clifton, Karachi 75600, Pakistan)
If you cancel your membership within a free look period of 14 days from the date of receipt of the Participant’s Membership Document (PMD), you are entitled for a full refund of contribution less any expenses incurred by IGI Life WTO in connection with your medical or clinical examinations.
IGI Life-WTO Saholat Takaful Savings Plan is underwritten by IGI Life – Window Takaful Operations. It is not guaranteed or covered by Bank Alfalah Limited or its affiliates.