This document discusses various family takaful plans offered by a takaful operator. It provides details on the Secure Sarmaya Takaful Plan, Savings Plus Takaful Plan, Five Pay Takaful Savings Plan, Jiyapo Takaful Plan, and Wafa Education Takaful Plan. Key information includes eligibility requirements, available contribution amounts and terms, benefits like maturity payments and death benefits, and how participant funds are invested and managed in accordance with Shariah principles.

2. Muhammad Salman
BC14028

3. GROUP MEMBERS
MUHAMMAD SALMAN BC14028
HAFIZ KHAWER BC14132
NABEEL SIDDIQUI BC14105
HASSAN ALI BC14051
UMAR SHEHZAD BC14138
ALI IJAZ BC14029

5. What is Takaful?
“Takaful” is an Arabic word which means “joint guarantee”. It is a community-pooling
system, based on the principles of brotherhood and mutual cooperation, where
participants contribute in a common fund to help those who need it the most.

6. Family Takaful Plan
A “Family Takaful Plan” is an arrangement which rests on key Shariah principles of
mutual cooperation, solidarity and wellbeing of a community.
Under a Takaful arrangement, individuals come together and contribute towards the
common objective of protecting each other against financial losses by sharing the
risk of life and health on the basis of mutual assistance.

7. Family Takaful Plan
Pooling System
Participants pool a small amount called “Contribution” into a Waqf Fund, on the basis
of “Tabarru” to protect themselves and each other against specified risks.
Management
The Window Takaful Operator manages a Waqf Fund, called Individual Family Takaful
Participants’ Fund (IFTPF), with due diligence and prudence in the capacity of “Wakeel”
Claim Payment
The claims are paid from the ‘’Individual Family Takaful Participants Fund’ (IFTPF)
Surplus Amount
Surplus amount, if any, may be distributed among the participants as per the advice of
Shariah Advisor and Appointed Actuary of the Company.

8. Types oF Family Takaful Plan
 SECURE SARMAYA TAKAFUL PLAN
 SAVING PLUS TAKAFUL PLAN
 FIVE PAY TAKAFUL PLAN
 JIYAPO TAKAFUL PLAN
 WAFA EDUCATION TAKAFUL PLAN

9. HAFIZ KHAWER
BC14132

11. Secure Sarmaya Takaful Plan

12. Eligibility & Contribution
Who Is eligible for this plan & What is available term range?
Anyone in between the ages of 18 & 65 can obtain “Secure Sarmaya Takaful Plan”. The
avalaible term range is 10 to 57 years (subject to the maturity at the age 75)
What is the minimum and Maximum Contribution under this plan?
The minimum contribution is 100,000 and maximum ccontribution is 10,00,0000

13. Investment
How are the funds accumulated in this plan?
Contribution made by the participant can be invested in the both of following
Shariah Compliant funds.

14. Management of Funds
Your contributions will be allocated into Funds, which are managed by
expert investment managers to ensure optimized returns, while ensuring
fully compliance with Shariah principles under the supervision of Shariah
Advisor.

15. Further Investment
What if I want to make further investment?

16. Nabeel Siddiqui
BC14105

17. FAMILY TAKAFUL
Savings PLUS
TakafUL PLAN

18. Savings PLUS Takaful Plan
Savings PLUS Takaful Plan is designed for catering the needs of high net
worth individuals. It allows you to accumulate your savings with higher
allocations along with financial protection in order to cope up with any
financial uncertainty that arises in case of one’s untimely death.

19. BENEFITS of this plan
In addition to the savings and protection aspects of Savings PLUS Takaful
Plan, there are various benefits that you may take advantages of.
 Maturity Benefit
 Death Benefit
 Supplementary Optional Takaful Benefits
 Accidental Death or Dismemberment Supplementary Takaful Benefit
 Permanent and Total Disablement Supplementary Takaful Benefit
 Critical Illness Supplementary Takaful Benefit

20. Benefits of this Plan
Maturity Benefits
In case of participant surviving until the maturity of this
membership, the participant will receive an amount accumulated in his
respective Participants Investment Account (PIA).
Death Benefits
This plan offers you an ability to select your protection needs.
Protection amount can be between 5 to 254 times your Annual Basic
Contribution, depending upon underwriting outcomes.
Accidental Death or Dismemberment Supplementary Takaful Benefit
This Supplementary Benefit pays out in case of death or
dismemberment, paying out complete or partial benefits depending on
severity of the dismemberment.

21. BENEFITS OF THS PLAN
Permanent and Total Disablement Supplementary Takaful Benefit
This Supplementary Benefit advances the benefit covered
under basic plan in case of permanent and total disability.
Critical Illness Supplementary Takaful Benefit
This Supplementary Benefit advances the benefit covered
under basic plan in case of diagnosis of one of eighteen specified Critical Illnesses.

22. Funds Allocation

23. Contribution
The minimum Basic Plan Contribution that can be made
is given below.
Contributions can be paid by Crossed Cheques,
Demand Drafts or Pay Order. All Major credit cards are
also accepted.
Frequency Minimum amount
Annual Rs. 100,000
Semi-Annual Rs. 51,000

24. Withdraw funds from this plan
Partial Withdrawal
The funds that have been contributed by yourself in the form of
Contributions along with the accumulated amount over time under this Plan,
can be withdrawn at any time, barring first membership year. This may be
subject to a minimum amount withdrawn and a minimum amount of cash
value remaining after the withdrawal.
Full Plan Surrender
You have an option to surrender your plan any time, at time of
surrender you will be paid in full the cash value of your fund. However
surrender in early membership years may result in lower cash value.

25. Hassan Ali
BC14051

27. Five Pay Takaful Savings Plan
The Five Pay Takaful Savings plan is a unique
savings/ protection plan which allows you to make
contributions in the short term and enjoy benefits
from the plan for the longer term. Your
Contributions accumulate as your savings, while
you enjoy financial protection for the term of the
plan in a Shariah Compliant manner.

28. Benefits of this plan
In addition to the savings and protection aspects of Five Pay Takaful Savings
plan, there are various benefits that you may take advantage of.
Maturity Benefit
In case of participant surviving until the maturity of this membership, the participant
will receive the bid value of the units(accumulated amount in the PIA).
Death Benefits
It offers you an ability to select your protection needs. Protection amount can be
behaved 5 to 25 times your annual basic contribution, depending upon underwritings
outcomes. If the person covers expires during the term of plan, the Nominee will get the
selected protection amount or bid value of the units which ever is higher.

29. Benefits of this plan
Family Income Benefit Supplementary Takaful Benefit
Regular quarterly payments will be payable in the event of death, from date of
death to the end of the Supplementary Takaful Benefit’s term.
Permanent and Total Disablement Supplementary Takaful Benefit
This Supplementary Benefit advances the benefit covered under basic plan in
case of permanent and total disability.
Critical Illness Supplementary Takaful Benefit
This Supplementary benefit advances the benefit covered under basic plan in
case of diagnosis of one of eighteen specified Critical Illnesses.

30. Contribution

31. Eligibility for this Plan

32. Umar Shehzad
BC14138

33. JIYAPO TAKAFUL PLAN

34. Jiyapo Takaful Plan

35. Eligibility for this Plan
Who is eligible for this plan?

36. Benifits of this plan

37. Jiyapo Takaful Plan Operate

38. Contribution Packages

39. HAZARDS & RISKS

40. Risks & Hazards Cover

41. Ali Ijaz
BC14029

43. Wafa Education Takaful Plan

44. Benefits of this plan

45. Contribution

46. Surplus Sharing
An excess amount is left after paying out the claims and the other costs,
It is uses for the following purposes.
1. A portion of the funds would be save in the Waqf Funds for future
excessive claims.
2. Another portion of the fund may be given to charity with the approval
of Shariah Adviser.
3. Remaining surplus may be distributed among the participants, on a fair
of equitable basis.

47. “Free Look Period”