Charges: Askari Sarparast Mashaal Family Takaful
Charges: Askari Sarparast Mashaal Family Takaful
Charges: Askari Sarparast Mashaal Family Takaful
Contribution Year
% of Initial Basic Contribution Allocated
to Participant's Investment Account (PIA)
Our Family Takaful protection ensures the security of the person covered on Family Takaful Certificate is a long-time commitment towards your goal to
Financial planning is the process of estimating the capital required to
their walk in the name of God. In case of any unforeseen instance that result provide desired financial security and prosperity to yourself and your loved 5 10%
achieve your long term goals. To really be able to live your life to the fullest,
in the demise of a the person covered which occurs due to any accident ones. However, in case you realize that you are not satisfied with the
a certain degree of capital is required to fulfill every wish that contributes to 7 15%
during Hajj, Askari Life- Window Takaful Operations will provide Rs. 2.5 product offering, you need not to worry, as Askari Life-Window Takaful
your peace of mind.
million as coverage to the beneficiary(ies) of the certificate. Operations offer a free look period where you can cancel the Certificate 10 50%
within 14 days of the receipt of Participant’s Membership Documents (PMD)
Introducing Askari Sarparast Mashaal, a limited pay Universal Life Family
Additional Investment Option (Top-Up) and get a 100% refund of contribution.
Charges
Takaful Plan designed to ensure you are financially ready for a better
tomorrow. Its increasing regular cash payout provides a steady flow of
income to meet your financial needs on top of the financial coverage This feature provides additional flexibility to your existing plan. If you have Inflation Protection
against unfortunate circumstances. any additional funds available at any stage, you can place them as
investment under Askari Sarparast Mashaal during the course of the It’s an unfortunate fact that the money we have is worth a little less every
Certificate Fee
What’s more, this plan offers a short payment term with the flexibility to certificate term that will further enhance your cash value. Many people use day in this uprising economy. As rising inflation erodes our savings bit by bit,
(Nil) No Certificate fee will be charged in Askari Sarparast Mashaal
choose the contribution payment term and coverage term that best suit this option to make yearly contribution payment by placing additional we need a plan to keep our savings intact. Sarparast Mashaal offers this
your savings needs and affordability. Plan ahead for a brighter and investment as top-up with their certificate. The minimum amount you can unique feature dedicated to combat inflation with just 5% increment in the
top up your certificate with is Rs. 10,000/- which will be allocated at a 100%. contribution every year. Investment Management Charges
financially secured future with Sarparast Mashaal.
1.75 % p.a of the P.I.A value to be deducted monthly
Family Takaful is an Islamic insurance concept, in which a group of people Tax Credit Surplus Sharing
share the risk by contributing into a WAQF pool for protection and for the
With Askari Sarparast Mashaal, you can also avail tax benefit, as per In addition to risk mitigation benefits, Takaful offers a unique feature of Waqf Donation
investment that is interest free, so to enforce shared responsibility and
togetherness amongst brothers within the boundaries of Shariah prevailing norms under section 62 of income tax ordinance 2001. Surplus sharing to the Participants. Surplus in the Waqf, if any, shall be
determined on individual participant basis at the end of each financial year, Rate will be charged as per filling in SECP
regulations.
Protection Multiple (Cover Multiple) after maintaining necessary reserves as per the advice of appointed
It is a universal life Family Takaful certificate, where your contributions are Actuary and Shari’ah Adviser. The distributable surplus will be allocated to Contribution Expense
invested in a Shariah Compliant way through the investment in Islamic A sudden unforeseen event can affect many connected lives. In that case the PIA as per defined manner to the eligible Participants.
finance over the term of the certificate. The profit is credited to the financial security for your family is of utmost priority. With Askari Sarparast 5% of Contribution expense will be deducted from every Contribution
Participant's Investment Account (PIA) on a monthly basis. The yield on
underlying assets is determined monthly and the amount credited is based
on this yield ensuring a higher yield for a longer period of time.
Mashaal, you can ensure desired financial security for your family. You can
fix a significant lump sum amount as much as you anticipate from the
available maximum cover that would be enough to meet your future
Certificate Terms & Eligibility Wakala Fee
Anmol Zindagi Supplementary Benefit is paid to your chosen beneficiary(ies), in case of any unfortunate accident Investment Risk shall be borne by participants; actual maturity values or
that may result in disability or sudden demise. surrender values may be higher or lower than the project figures.
To ensure that you are well protected against unforeseen medical The past performance of the fund is not necessarily a guide or guarantee of
expenses, Anmol Zindagi Supplementary Benefit offers you a unique
Level Term Family Takaful (Additional Coverage Option) future performance.
benefit of accidental hospitalization coverage. That promises that in case of
This brochure only provides an introduction to the benefits available under
hospitalization due to accident for more than 1 day, will cover up your We all aim to ensure that our family is protected and financially secure, both the Certificate. A detailed description of how the certificate works is given in
hospitalization expense (Rs. 5000/ per day) for up to 60 days at any now and in the future. And we do so by financially preparing for all the ‘Participant’s Membership Documents (PMD), which will be provided to
hospital of your choice. circumstances. But what if we foresee expenses rising and want to suitably every participant.
increase the protection level (sum covered)? Furthermore, with changing life
Imagine having to worry about your finances in case of under-going a The contents herein are the intellectual rights of Askari Life-Window Takaful
stages, protection needs might change too; after getting married, becoming Operations.
surgery. Such a calamity can create havoc in your family. But with this a parent or after your parents retire.
exclusive benefit, if you undergo a surgery (mentioned in the Anmol Zindagi In the event of any discrepancy, ambiguity and conflict in interpreting any
Supplementary benefit provision) during this supplementary benefit This add-on is specifically designed to ensure that the rising expenses of information, terms, or conditions in this brochure, the participants
coverage, the surgery expense of Rs. 300,000 shall be borne by Askari your family are taken care of. If you opt for the basic plan certificate along membership documents (PMD) shall prevail and supersede.
Life-Window Takaful Operations. Hence no additional burden will be on your with this add-on, your nominated beneficiary(ies) will not only get the sum Publication or duplication of this brochure by any third party is strictly
family. This benefit acts as a protection for you from substantial amount Covered or P.I.A value, but an additional amount benefit (of min. Rs. 1 lac to prohibited.
required for the treatment.
ASKARI
Rs. 10 million) attached due to this Level term family takaful benefit by
paying a nominal fee along with your basic certificate.
Exclusive financial protection against COVID-19 (In case of death within 6
SARPARAST MASHAAL
months of the Certificate issuance due to Covid-19, PKR. 300,000/- extra
sum covered will be paid).
Critical Illness (CI) Supplementary Benefit
Waiver of Contribution Supplementary Benefit (Death) Everyone looks for medical coverage for the unexpected emergencies and
medical help. This is especially important today, when medical care is quite FAMILY TAKAFUL CERTIFICATE
costly and unplanned. A critical illness can put the entire family in huge Askari Life Assurance Co. Ltd.
If you are seeking maximum protection for your family and want your Family financial debt and crisis. To combat with all those adverse circumstances.
Window Takaful Operations
Takaful certificate to be active even if you are not there to support them;
this benefit is for you! With this add-on, your family will not just receive the Sarparast Mashaal offers critical illness supplementary benefit that
For your shariah compliant way of life!
lump-sum amount (sum covered) against the coverage you fixed initially to provides coverage against major life-threatening diseases (mentioned in the Emerald Tower, Office No. 1104, 11th Floor, Plot G-19, Block 5,
cover up the sudden financial burden, but Askari Life Window Takaful CI supplementary benefit provision). In case you are diagnosed with any of
Operations will waive the equivalent of the initial contribution of basic plan KDA Improvement Scheme No. 5, Clifton, Karachi.
the mentioned illnesses a lump sum amount of up-to Rs. 1.5 million is paid.
for the remaining term up to the maturity of this supplementary benefit. This lump sum amount is in addition to the main plan benefit. Email: takaful@askarilife.com | UAN: 021-111-225-275