This is a brochure not a contract.

The detailed terms and conditions are stated in the Participants Membership

The following example portrays the expected Account value of a person aged 35 years. The basic contribution is PKR 100,000 and the sum

Cash Value /
Document.

2,944,407

5,472,670
1,398,304
1,171,003
780,304
460,935
206,539

965,759
106,544

327,436

612,627
12% Unit Growth Rate /

25,435
Disclaimer: IGI Life- WTO refers to IGI Life Insurance Limited – Window Takaful Operations. Your relationship is with
IGI Life - WTO. Taabeer is underwritten by IGI Life – WTO which through Waqf Fund is responsible for all the
underwriting risk. IGI Life - WTO makes investments in line with the strategies you have chosen, and your PIA values
will reflect the performance of the strategies you select. The PIA values can fluctuate and contribution returns are not
guaranteed. In order to continue to best serve the members, or in the event of change in applicable legislation and /

Basic Death
or Shariah standards, IGI Life - WTO may add, combine, or delete sub-accounts and/or funds, which back the

2,944,907
1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

5,472,670
Benefit /
investment strategies without notice to its members. As the members’ investments are made with IGI Life- WTO,in
Taabeer Family Takaful Plan, rest assured that IGI Life – WTO’s obligations to its members under the Taabeer Family
Takaful Plan will not be altered or amended by any such change. Past performance of funds is not necessarily a guide
to future performance. Any forecast made is not necessarily of future or likely performance of the funds. The
investment risk shall be borne by the member and actual maturity or surrender values may be lower or higher than
the projected figures. The Investment Strategies and Investment sub-accounts offered are subject to the IGI
Cash Value /

Life-WTO’s ability to invest in mutual funds or in any other investment instruments as per the advice of the Shariah

2,507,026

4,367,665
1,069,164

1,262,415
200,065

438,576

727,904
104,033

314,494

891,447
577,316
10% Unit Growth Rate /

24,927
Advisor. All Takaful claims, charges and payments relating to the Takaful membership shall be the sole and exclusive
responsibility of IGI Life – WTO
covered is PKR 1,500,000. The membership and contribution paying term are both 20 years.

Basic Death

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

4,367,665
2,507,526
Benefit /

About IGI Life

IGI Life Insurance Limited, part of the Packages Group, marked its entry into the Life
Cash Value /

3,502,702
1,140,201

2,139,013
543,874

678,897

822,832
301,938

Insurance business through acquisition of controlling shares in American Life

976,351
101,543

417,140
193,713
24,419
8% Unit Growth Rate /

Insurance Company (Pakistan) Limited in April 2014. Acquisition by Packages Group

makes IGI Life a one-of-a-kind life insurance provider in Pakistan, as IGI Life’s
ILLUSTRATIVE VALUES /

multinational heritage is now coupled with the local experience of the Packages
Group, one of the most reputed business conglomerates in the country, having
several joint ventures with leading global brands in the FMCG, Pharmaceutical and
Basic Death

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

1,500,000

3,502,702
Benefit /

2,139,513 Packaging sectors. IGI Life’s current product suite includes Life Insurance plans,
Accident & Health Insurance and Employee Benefit Solutions. IGI Life is also amongst
the first few companies to commence the Family Takaful business in 2015 under
Window Takaful Operations, thus offering Shariah-compliant solutions to our clients.
Contributions
Cumulative

2,000,000
1,000,000

1,500,000
400,000

600,000

900,000
800,000
300,000

500,000
200,000

700,000
100,000
Regular

Paid / for the Year /

Contribution
Illustration of Benefits

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000
Basic

Life | Window Takaful Operations

IGI Life Insurance Limited: 7th Floor, The Forum, Suite No. 701-713,
Member-

G-20, Block 9, Khayaban-e-Jami, Clifton,

Year /
ship

Karachi– 75600, Pakistan. UAN: (+92-21) 111-111-711

20
10

15
4

9
8
3

5
2

7
1

Tel: (+92-21) 35360040, Fax: (+92-21) 35290042

E-mail: vitality@igi.com.pk, Web: www.igilifevitality.com.pk
 • Full Surrender • Income Benefit – Disability portfolio from a range of options to suit your Important Details
needs and preferences. You will have the

TAABEER FAMILY TAKAFUL PLAN On surrender of membership, the accumulated

value of the PIA will be encashed.
A monthly income benefit will be provided
following the permanent and total disability
of the participant up to the end of the
option to transfer between investment
accounts subject to certain conditions.
Please note that investment risk shall be
Eligibility & Membership Term

The minimum entry age of the member in

IGI Life Vitality has always been at the Takaful is an age old Islamic concept of A surrender processing fee of PKR 500 is elected term. borne by the participant and actual maturity Taabeer Family Takaful plan is 18 years and
forefront of providing the best services to its mutual help & support blended with modern applicable at the time of surrender (and or surrender values may be lower or higher maximum is 65 years. The membership term
Participants in line with their requirements. concepts of Actuarial Science, Underwriting deducted from the amount paid to the • Accidental Death Benefit (ADB) than the projected figures. can be of any period from 10 years’ subject to
Taabeer Family Takaful Plan being the latest and Investment under the supervision of participant). Total surrender would imply
ADB pays a lump sum amount in case of a maximum attained age of 85 years. The
offering in our series of Family Takaful Shariah Advisor. It is a Shariah compliant way cancellation of the membership. Transfers between Investment Funds
accidental death of the covered person. supplementary benefits will terminate at the
Products that are Shariah compliant and are of supporting each other in case of Death, age mentioned in the supplementary benefit.
exclusively available to our clientele. Disability or Disease. • Partial Withdrawal A participant can also switch his/ her
• Sehat Afza It could be at an earlier date depending upon
account value among different strategies. In the benefit term available.
The Account Value can be withdrawn
What is Taabeer Family Takaful Plan? Takaful Benefits Under Taabeer Family Provides financial protection in case of illness that event, units from one strategy will be
partially, by encashing a limited number of
Takaful Plan or accident that leads to hospitalization to redeemed at prevailing bid price and Contribution Paying Term
units in the sub-account(s) any time after the
Taabeer Family Takaful Plan is a unique cover in-patient expenses. allocated to the desired strategy at the bid
commencement date of Membership. The
investment cum- protection plan with flexible • Death Benefit price. This way a participant can change The minimum contribution payment term is 5
amount withdrawn is considered as a
options for payments. It gives you the gears in view of the changing financial
permanent withdrawal and does not have to Where are the contributions invested? years and the maximum can go up to the
freedom of creating your own investment The death benefit is: condition and maximize returns. A nominal membership term chosen.
be repaid.
mix, from the available multiple Investment Your contributions will be invested in Shari'ah processing fee is applicable at each switch.
Strategies, as per your risk appetite, while the Sum Covered or account value in Participant’s compliant investments to build the PIA.
Investment Account (PIA) whichever is higher The minimum amount withdrawn is PKR Minimum Basic Contribution & Modes
protection feature of the plan provides you Unit Price Publication
10,000. The remaining Account Value must
family takaful coverage from the moment you You will be offered 3 different Shari'ah
PLUS be greater than or equal to PKR 25,000. The The minimum collected Basic Contribution is
invest in the plan. compliant investment strategies: Conservative, Unit prices under all strategies may be
Account Value constraint is to limit fund PKR 25,000 for the following modes of
Surplus (if any) as per PTF Policies of WTO reduction, since fund persistency is an Balanced and Aggressive as described below: viewed at www.igilife.com.pk. contribution payment:
How does Taabeer Family Takaful Plan important factor to achieving profitability. A
work? fee of PKR 500 will be charged for all partial • Conservative Strategy Top-Up Contributions: • Annual
• Basic Sum Covered
surrenders. • Semi-Annual
• Investments: Taabeer Family Takaful Plan is The strategy would be most appropriate for The plan is a regular contribution plan but a
This is the amount payable on the death of • Quarterly
a unit linked plan. It is designed to Participants who want to invest in a cautious participant may top-up the regular
accumulate funds (referred to here as PIA the participant. The Sum Covered will be Takaful Supplementary Benefits manner. Accordingly, the investments are
annual Basic Contribution times the multiple. contribution by depositing surplus funds as a For Top-Up payments - Minimum payment is
value), at the end of your elected term, for placed in Sukuk and other secured Shari’ah lump sum contribution in the membership.
The Minimum and Maximum Sum covered The following supplementary benefits may PKR 25,000 with no limit on the maximum.
various purposes, such as: Retirement, compliant instruments with no exposure to These lump sum contributions, called
Children's Education & Children's Marriage allowed will depend on the entry age of the be attached with the base Investment Linked the stock market.
participant as per the following table: Takaful membership: “Top-Up Amounts”, can be made at any time. Charges
Top-Up payments will increase the PIA
• Takaful Protection: It provides Takaful • Balanced Strategy account value of the membership but will not The following charges apply on the Plan:
Protection upto the age of 85 years. • Waiver of Contribution – Disability (WoC)
Multiples of Basic Contribution affect the Basic Sum Covered. The amount of
This strategy seeks steady growth in capital
WoC waives the future contributions in case the Top-Up is subject to the minimum and • Bid/ Offer Spread 5% of each contribution
The Concept of Takaful Age Minimum Maximum through a combination of investments in paid (basic and top-up
of permanent total disability of the covered maximum limits as determined by the Takaful
Sukuks and in mutual funds that invest in both)
Up to 40 5 170 person up to the end of term. Operator from time to time.
stocks.
Retakaful
Contributions
Retakaful
Recoveries • Administration Fee PKR 175 per month
41 to 50 5 100 What percentage of the contributions I
Claims • Additional Protection Benefit (APB) • Aggressive Strategy • Wakalatul Istismar 0.125% of Participant’s
51 to 55 5 40 pay is allocated to my account value? Fees Investment Account
Participant Takaful
Fund - Waqf APB enhances the benefit payable on This strategy seeks to provide long term (PIA) value per month
Participant

56 to 60 5 25 participant’s death, whether due to capital growth mainly through investments in The proportion of contributions allocated to • Mudarib Share 40% share in the
61 & onwards accidental or non- accidental causes. The Shariah compliant equities. Account Value is as follows: investment income of
5 5
Allocation Fee
Participant
Investment Account
Takaful
Contribution APB Sum covered is payable in a single lump the Individual PTF
sum in addition to any other death benefit Under each strategy you have an investment
% Allocation of Contribution • Takaful Operator’s 25% of each month’s
Takaful Operator Fee • Maturity Benefit payable under the basic membership. account as listed in the application. The Membership Year
to Account Value Management takaful contributions
Wakalatul Istismar
Fee percentage of Contribution you wish to
1 30% • Transfer Fee PKR 500 for each
On completion of the membership term, the • Income Benefit – Death allocate to buy units in an investment
2 80% transfer between
available Participant’s Investment Account account should be indicated in the investment fund
3 90%
Operation’s Sub
Modarib Share
(PIA) value plus PTF Surplus (if any) will be A monthly income benefit will be provided application.
Fund
4 to 5 100% • Processing Fee PKR 500 on each partial
payable to the participant. following the death of the participant up to
Commission and
You can manage your investments by 6 & onwards 104% withdrawal and
Management Expenses
the end of the elected term. complete surrender
Surplus
Distribution (if any) investing your own investment strategy Top Up 100%