Dawood Family Takaful Limited / ٔ

Illustration of Benefits for Sukoon Plan   / ٔ  

Prepared for Muhammad Bilal / Muhammad Bilal  ٔ ٔ

Basic Details  / 

Name / : Muhammad Bilal Date of Birth / ٔ :19-May-1979 Gender / :Male Age / : 41

Commencement Date / ٓ :26-Mar-2020 CNIC / : 3720314966317 Medical / :Non Medical ID / :558691 / 071

Coverage Details /

Half Yearly Contribution / ِ : Pak Rupees /   61,632 Compound Indexation of Basic Annual Contribution / ِ : 0%

Name of Plan or Rider / Sum Covered / ِ Payment/Coverage Term - ٔ / Annual Contribution / ِ

Basic Plan / 1,200,000 10 / 19 120,000

Accidental Death & Disability Benefit (ADDB) / 1,200,000 10 / 19 3,264
Total Annual Contribution / ِ 123,264

Illustrative Values / ٔ

Assumed Investment Returns / ٔ

Cumulative Basic
Basic Annual
Plan Contribution 8% rate of return / 10% rate of return / 12% rate of return /
Plan Year / Contribution /
Paid /
Death Benefit / Death Benefit / Death Benefit /
Cash Value / Cash Value / Cash Value /
ِ ٔ ٔ ٔ
ِ

1 120,000 120,000 1,201,455 0 1,201,475 0 1,201,496 0

2 120,000 240,000 1,215,523 0 1,215,769 0 1,216,015 0
3 120,000 360,000 1,232,307 32,307 1,233,100 33,100 1,233,901 33,901
4 120,000 480,000 1,251,970 51,970 1,253,711 53,711 1,255,492 55,492
5 120,000 600,000 1,346,364 446,187 1,363,369 463,193 1,380,936 480,759
6 120,000 720,000 1,410,494 584,091 1,437,462 611,059 1,465,615 639,212
7 120,000 840,000 1,479,644 729,834 1,519,546 769,735 1,561,654 811,844
8 120,000 960,000 1,554,232 883,978 1,610,434 940,179 1,670,403 1,000,149
9 120,000 1,080,000 1,634,716 1,047,156 1,711,032 1,123,472 1,793,382 1,205,822
10 120,000 1,200,000 1,782,786 1,412,219 1,898,761 1,528,194 2,025,291 1,654,724
15 0 1,200,000 2,079,934 1,867,418 2,404,292 2,191,775 2,783,399 2,570,883
19 0 1,200,000 2,477,499 2,477,499 3,118,551 3,118,551 3,913,950 3,913,950
Inflation Adjusted Cumulative Inflation Adjusted 3.00% Inflation Adjusted 4.00% Inflation Adjusted 5.00%
Plan Year / Main Plan Contribution Paid / rate of return / rate of return / rate of return /
ِ

ِ ِ ِ ِ
19 931,404 1,006,629 1,006,629 1,074,299 1,074,299 1,148,337 1,148,337

Notes for Participant's information / ٔ ‫ء‬

Contribution Allocation Percentages / ِ :

Year 1 / *: 15%      Year 2 / *: 80%      Year 3 / : 90%      Year 4-10 / : 100%      Year 11 onwards / ٔ : 105%     (100% Basic Allocation +
5% reward every year from 11th year and onwards) / ( ٔ 5% 100% )

Available Cash Value / ( / ) ٔ ِ :

Year 1 and Year 2 = 0. The ownership of the units will rest with the Takaful Operator in first two policy years and will be transferred to the PIA in the third year.
‫۔‬ ٔ (PIA) ٔ ٓ ‫۔‬0 =

Plan Benefits / ٔ :
1. Death Benefit = (a) Sum Covered from Waqf + (b) Distributable Surplus from Waqf + (c ) Net balance available in PIA at death.
‫۔‬ ُ ‫ء‬ ( )+( ٔ ) ِ ( )+ ٔ ِ ( )= ٔ ‫۔‬1
2. Cash Value before maturity = (a) Actuarial Distributable Reserve in Waqf + (b) Distributable Surplus from Waqf, if any+ (c) Net balance availabe in PIA .
‫۔‬ ُ ‫ء‬ ( )+ ( ٔ ) ِ ( )+ ( )= ِ ‫۔‬2
3. Maturity Benefit (Cash Value at Maturity) = (a) Sum Covered from Waqf + (b) Distributable Surplus from Waqf, if any+ (c) Net balance availabe in PIA.
‫۔‬ ُ ‫ء‬ ( )+( ٔ ) ِ ( )+ ٔ ِ ( )=( ) ٔ ‫۔‬3

The values provided in the table above are for illustrative purpose only. In case of contribution enhancement, the illustrative values are based on enhanced
contributions. The Company will charge Wakala as per first year gross Wakala % less 5% on additional amount of enhanced contribution. From the year following the
first contribution enhancement year; PIA allocation as per regular plan term will be applicable.
ٓ ِ . (5٪) ِ ‫۔‬ ‫ء‬ ِ ِ ‫۔‬ ، ٔ

‫۔‬ ٔ ٔ

Takaful Operator's Representative: / : Client / :

Signature / :   Signature / :  

Name & Code / :   Name / :  

Date / :     Date / :    
 

Version: 5.0 Page 1 of 3 Thursday, March 19, 2020 8:09:25 PM