In the unfortunate event of the Participant’s demise, this benefit ensures that EFU Hemayah will step in to cover the remaining contributions. This means that the plan remains active, and the intended financial support for the beneficiaries continues uninterrupted. It's a safeguard that ensures your loved ones receive the coverage and financial assistance you've planned for, even in your absence.
The inflation protection benefit acts as a hedge against inflation. It ensures that the benefits provided by your plan are automatically updated to account for inflation each year. This helps to maintain the real value of your accumulated fund and provides a stronger financial foundation over time.
Participants can choose to make FAC payments in addition to their regular contributions. These extra contributions are directed towards the Participant investment account, allowing for a more significant allocation to shariah compliant funds. As a result, participants may experience faster fund growth and potentially increased savings over time.
Takaful income benefit in an education takaful plan is triggered in the case of the Participant’s death. It provides regular payouts to cover educational expenses, ensuring a consistent financial source for the covered member's beneficiaries' learning needs.
Yes, both Hemayah Takaful Child Savings Plan and regular savings plan provide financial coverage in the event of the Participant’s death, the key distinction lies in their specific purposes and benefits. The former is tailored to secure funds for a child's education, while the latter offers broader financial coverage for beneficiaries in various circumstances.
All individuals aged between 18 and 65 years are eligible to buy this plan. The minimum annual contribution required for this plan is PKR 30,000.