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SahulatINVESTMENT-LINKED TAKAFUL PLAN

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 one party to another. By taking out an insurance

policy, an individual essentially is asking the insurance company to accept the complete

risk in exchange for accepting an ongoing premium from the insured.

But with takaful, the risk is shared among the members of the fund: If an event

occurs that causes harm or damage to one member, all members bear the

brunt of that event and contribute to overcoming it.

Takaful members cooperate based on equality, solidarity,

social responsibility, and honesty.

Dawood Family Takaful Ltd.

Dawood Family Takaful ("DFT") was incorporated in Pakistan as an unquoted public interest company on 4th May 2007 under the Companies Ordinance, 1984. DFT is amongst pioneers in the field of Family Takaful business in Pakistan. At “DFT” we have a vision to aspire to be the preferred provider of Islamic financial protection services. As a member of First Dawood Group of Companies, Dawood Family Takaful is strongly capitalized to ensure our ability to timely meet the promises to our customers, and to offer assurance of reliability to our business partners.

About

SahulatINVESTMENT-LINKED TAKAFUL PLAN

5% to 7.5% of the the Accumulated PIA Value on 10th Year and every 5th

Year thereafter

Special Loyalty Rward

Higher of Accumulated PIA Vlaue or Early Maturity Sum

Cover, PLUSSurplus Distributed,

if any

Early Maturity Benefit

Accumulated PIA Value, PLUS

Surplus Distributed, if any

Surrender of

Certificate

Higher of Accumula-ted PIA Vlaue or Sum

Cover, PLUSSurplus Distributed,

if any

MaturityBenefit

After Second Year the Participant can make

Partial Withdrawal from the Accumulated

Cash Value as per Contract terms.

Partial Withdrawal

Sum Cover, PLUSAccumulated Cash

Value, PLUSSurplus Distribu-

ted, if any

DeathBenefit

Participant can choose to enhance

their contribution by 5% to 10% annually

Indexation

5% of the Basic Contribution from 11th Year, subject to receipt

of the respective Contribution during

the year it falls due.

LoyaltyReward

Participant can annuitize the

maturity proceeds in the form of

annuity.

Annuity Option

PLAN BENEFITS & KEY FEATURES

Death BenefitDeath benefit will be payable on death (God Forbid) of the participant during the certificate term.Loyalty / Special Loyalty RewardSubject to receipt of respective years due contribution during the year it falls due

Partial/Withdrawal of CertificateYou may Surrender or Partial Withdraw from accumulated PIA Value at any time after payment of 2nd years contribution in full

Maturity BenefitMaturity benefit will be payable on completion of the certificate term.Early Maturity Sum CoverEarly Maturity Sum Cover will be applicable form 15th certificate year as follow;Basic Sum Cover*(Early Maturity Term)/(Original Term)

Sahulat Takaful Plan

Minimum Contribution

Term & EligibilityFeatures of Sahulat Plan at a Glance

Sum Cover Limits

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.

Quarterly 7,500Monthly 7,500

Yearly 12,500Half Yearly 7,500

Minimum

Maximum

5 times annual contribution OR PKR 100,000.

Contribution Term times annual contribution.

Minimum Maximum

Entry Age

Maturity Age

Certificate Term

65 years

75 years

40 years or up to 75years of age

18 years

28 years

10 years

111 DFT (338) [email protected] www.dawoodtakaful.com

Projection of Benefits

Accidental Death Benefit (ADB)Accidental Death / Disability Benefit (ADDB)Critical Illness Benefit (CI)Funeral Expense Benefit (FEB)

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

Entry Age

Annual Contribution (Rs.)

Sum Cover (Rs.)

Certificate Term

Contribution Payment Term

Maturity at Age

Maturity Benefit at 08%



Death Benefit at 08%



35 Years

100,000

1 Million

20 Years

20 Years

55 Years

3.7 Million

4.7 Million

5.9 Million

4.7 Million

5.7 Million

6.9 Million

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)

Sahulat Takaful PlanInvestment & Protection Plan


Investment RiskInvestment 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 FeePKR 300/- per withdrawal

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

Sahulat Takaful PlanInvestment & Protection Plan


UNIVERSAL FEATURES

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.

Waqf SurplusSurplus in the Waqf fund, if any will be distributed among the participants based on approved mechanism.

Shariah Board MembersMufti Munib-Ur-Rehman - ChiarmanMufti Syed Sabir Hussain - MemberMufti Syed Zahid Siraj - Member

Top-Up ContributionAdditional Investment into the PIA is allowed at any time

Shariah Compliant

Tax CreditYou can avail Tax Credit up to 20% of your taxable income by participating in any of the family takaful plan offered by the Dawood Family Takaful.

Investment OptionsParticipant can allocate the PIA amount in these Shariahmanaged funds,

Riba Free Investment GrowthShariah Compliant Financial Protection

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•••

Income Fund, Balanced Fund, Aggressive Fund

*Fund switching is available

[email protected]

1701-A, Saima Trade Towers,I.I. Chundrigar Road, Karachi

�

(+9221) 32277188�

For more Information SMS: 8144�

(021) 111 DFT(338) 786

www.dawoodtakaful.com

DawoodFamilyTakafulOfficial