Saada Sahulat Sahara

Salamti Salary
Saving

Samar Silah Sukoon

Sehal Sahulat
INVESTMENT-LINKED TAKAFUL PLAN

Shandaar
 What is Takaful?
Takaful is an Islamic Insurance concept which is grounded in Islamic
muamalat, observing the rules and regulations of Islamic law.
Takaful is basically a system of Islamic insurance based on the
principle of Ta’awun (mutual assistance) and Tabarru (voluntary
contribution), where the risk is shared collectively by the group”
The word Takaful is derived from the Arabic verb Kafala,
which means to guarantee; to take care of one’s needs.

Difference between Takaful and

Conventional Insurance:

In conventional insurance, risk is transferred from

About one party to another. By taking out an insurance
policy, an individual essentially is asking the
Dawood Family Takaful Ltd. insurance company to accept the complete
risk in exchange for accepting an ongoing
Dawood Family Takaful ("DFT") was premium from the insured.
incorporated in Pakistan as an unquoted But with takaful, the risk is shared among
public interest company on 4th May 2007 the members of the fund: If an event
under the Companies Ordinance, 1984. DFT occurs that causes harm or damage to
is amongst pioneers in the field of Family one member, all members bear the
Takaful business in Pakistan. At “DFT” we have brunt of that event and contribute
a vision to aspire to be the preferred provider of to overcoming it.
Islamic financial protection services. As a member Takaful members cooperate
of First Dawood Group of Companies, Dawood based on equality, solidarity,
Family Takaful is strongly capitalized to ensure our social responsibility, and
ability to timely meet the promises to our customers, honesty.
and to offer assurance of reliability to our business
partners.
 Sahulat
INVESTMENT-LINKED TAKAFUL PLAN

PLAN BENEFITS Indexation

& KEY FEATURES Participant can
choose to enhance
their contribution by
5% to 10% annually
Maturity Special
Benefit Loyalty Rward
Higher of Accumula-
ted PIA Vlaue or Sum 5% to 7.5% of the the
Cover, PLUS Accumulated PIA Value on
Surplus Distributed, 10th Year and every 5th
if any Year thereafter

Loyalty
Early Reward
Maturity Benefit 5% of the Basic
Higher of Contribution from 11th
Accumulated PIA Vlaue Year, subject to receipt
or Early Maturity Sum of the respective
Cover, PLUS Contribution during
Surplus Distributed, the year it falls
if any due.

Annuity
Death Option
Benefit Participant can
annuitize the
Sum Cover, PLUS maturity proceeds in
Accumulated Cash the form of
Value, PLUS annuity.
Surplus Distribu- Surrender
ted, if any Partial of
Withdrawal Certificate
After Second Year the Accumulated PIA
Participant can make Value, PLUS
Partial Withdrawal Surplus Distributed,
from the Accumulated if any
Cash Value as per
Contract terms.

Maturity Benefit Partial/Withdrawal of Certificate

Maturity benefit will be payable on completion of the
certificate term.
Early Maturity Sum Cover
Early Maturity Sum Cover will be applicable form 15th
certificate year as follow;
Basic Sum Cover*(Early Maturity Term)/(Original Term)
You may Surrender or Partial Withdraw from accumulated PIA
Value at any time after payment of 2nd years contribution in full
Death Benefit
Death benefit will be payable on death (God Forbid) of the
participant during the certificate term.
Loyalty / Special Loyalty Reward
Subject to receipt of respective years due contribution during
the year it falls due
Sahulat Takaful Plan
Investment & Protection Plan

Savings growth & Financial

Protection with ease.
Sahulat Plan is best suited for the participant’s desire to grow
savings and get financial protection in accordance with the Shariah
principles.

This is designed to help you plan your future financial needs. It is a

Shariah compliant investment and financial protection vehicle
which can secure your future financial wellbeing.

Features of Sahulat Plan at a Glance

Term & Eligibility
Minimum Maximum

18 years Entry Age 65 years

28 years Maturity Age 75 years
10 years Certificate 40 years or up to 75
Term years of age

Sum Cover Limits

Minimum 5 times annual contribution OR

PKR 100,000.

Maximum Contribution Term times annual

contribution.

Minimum Contribution

Monthly 7,500 Quarterly 7,500

Half Yearly 7,500 Yearly 12,500

contactus@dawoodtakaful.com 111 DFT (338) 786 www.dawoodtakaful.com

Sahulat Takaful Plan
Investment & Protection Plan

Optional Supplementary Riders

Below mentioned and any newly introduced rider can be
attached to your investment plan, including the following:

Accidental Death Benefit (ADB)

Accidental Death / Disability Benefit
(ADDB)
Critical Illness Benefit (CI)
Funeral Expense Benefit (FEB)
Family Income Benefit (FIB)
Family Protection Benefit (FPB)
Total Permanent Disablement (TPD)
Waiver of Contribution (WOC)
Additional Takaful Benefit (ATB)
Hospitalization Cash Rider (HCR)
Shareek e Zindagi Rider (SZR)

Projection of Benefits

Entry Age 35 Years

Annual Contribution (Rs.) 100,000
Sum Cover (Rs.) 1 Million
Certificate Term 20 Years
Contribution Payment Term 20 Years
Maturity at Age 55 Years
Maturity Benefit at 08% 3.7 Million
Maturity Benefit at 10% 4.7 Million
Maturity Benefit at 12% 5.9 Million
Death Benefit at 08% 4.7 Million
Death Benefit at 10% 5.7 Million
Death Benefit at 12% 6.9 Million

contactus@dawoodtakaful.com 111 DFT (338) 786 www.dawoodtakaful.com

Sahulat Takaful Plan
Investment & Protection Plan

Investment Risk
Investment risk shall be borne by the participants; actual maturi-
ty/withdrawal values may be higher or lower than the projected
figures, depending on the performance of the underlying invest-
ment in the participant’s investment fund. Past performance of the
fund is indicative and not necessarily a guide or a guarantee of
future performance.

Investment Management Fee

(Wakala Tharawat Fee)
1.5% per annum of PIA Value

Partial Withdrawal Fee

PKR 300/- per withdrawal

Free Look Period

Certificate can be cancelled within 14 days
of issuance and refund of contribution
subject to deduction of medical fee, if any.

contactus@dawoodtakaful.com 111 DFT (338) 786 www.dawoodtakaful.com

 UNIVERSAL FEATURES

Tax Credit Investment Options Waqf Surplus

You can avail Tax Credit Participant can allocate the Surplus in the Waqf
up to 20% of your taxable PIA amount in these Shariah fund, if any will be
income by participating in managed funds, distributed among the
any of the family takaful
• Income Fund, participants based on
plan offered by the • Balanced Fund, approved mechanism.
Dawood Family Takaful. • Aggressive Fund
*Fund switching is available

Shariah Compliant Top-Up Contribution Shariah Board Members

• Riba Free Investment Additional Investment Mufti Munib-Ur-Rehman -
Growth into the PIA is allowed at Chiarman
• Shariah Compliant any time Mufti Syed Sabir Hussain -
Financial Protection Member
Mufti Syed Zahid Siraj -
Member

Disclaimer:
This brochure is an outline summary of the “SAHULAT PLAN”. Please read carefully and understand the basic features
of the Takaful Benefit(s) and particularly with the risks related to your choice of investments. Before deciding to
participate you should discuss with our Takaful Consultant for best advice.

The contents herein are the intellectual rights of Dawood Family Takaful Limited. In the event of discrepancy,
ambiguity and conflict in the interpreting any information, terms or conditions in the brochure, the Participant
Membership Documents shall prevail and supersede. Publication or duplication is strictly prohibited.

 1701-A, Saima Trade Towers,

I.I. Chundrigar Road, Karachi
contactus@dawoodtakaful.com
 (+9221) 32277188

www.dawoodtakaful.com
 DawoodFamilyTakafulOfficial
(021) 111 DFT(338) 786
 For more Information SMS: 8144