Khushhali Takaful Plan is a unique insurance plan by Pak-Qatar Family Takaful designed especially for Khushhali Bank customers that caters for both financial protection needs as well as their long-term savings / investment opportunities.

Features	Details
Enrolment Age	18 to 65 Years
Coverage Age	18 to 85 Years
Policy Term	Min: 10 Years Max: Subject to maturity or at the age of 85 years
Year Wise Unit Allocation	1st Year: 60% 2nd Year: 80% 3rd Year: 90% 4th Year onward: 100%

Charges	Details
Management Charges	Annual Yield: 1.5%
Admin Fee	Year 1: In each month, 1% of the cash value would be charged. Year 2: In each month, 0.5% of the cash value would be charged. Year 3: Fixed Fee of Rs. 40 per month (indexed by 8% in succeeding years)
Policy Fee	Nil
Bid/Offer Spread	5% of regular contribution

Top-Up Contributions

The Participant has the option to make an additional single contribution at any time during the membership term. Minimum Top-Up contribution amount is Rs. 15000/-
The charges deducted from the Top-Up contribution are 5% once.

Additional benefits

• Accidental Death Benefit
• Accidental Death and Dismemberment
• Permanent Total Disability – Sickness
• Family Income Benefit
• Waiver of Contribution
• Critical Illness
• Additional Term Takaful

Free Look Period

14 days review time period enables client to review policy’s terms & condition upon receipt of policy documents. Policyholders are entitled to a 100% refund upon cancellation during the Free Look Period (FLP).

Expenses incurred on medical examination will be deducted (if any).

 

*Terms and conditions apply