Pak-Qatar Takaful Plan

15,000

300,000

PKR

About Pak-Qatar Family TakafulPak-Qatar Family Takaful Limited (PQFTL) is the first and largest Family Takaful Company in Pakistan. An independent Shari’ah Advisory Board chaired by Mufti Muhammad Taqi Usmani certifies all products and operations for Shari’ah compliance. The company’s shareholders include some of the strongest financial institutions in the state of Qatar such as Qatar Islamic Insurance Company (QIIC) and Qatar International Islamic Bank (QIIB).

Pak-Qatar Family Takaful Limited has one of the largest Takaful branch networks across Pakistan (over 70 branches in 58+ cities).

111-TAKAFUL(825-238) | www.pakqatar.com.pkAddress: Head O�ce, 1st Floor, Business Arcade,P.E.C.H.S., Shahra-e-Faisal, Karachi, Pakistan.

525,442

Contributions

Profits from Investment

Surplus Distribution (if any)

Wakala fee(s) for Investment Management

Contributions for Takaful Benefits

Payment of Claims Wakah fee foroperating Waqf Fund

Operator / Wakeel

Waqf( )

ParticipantsParticipant’s Investment Fund (PIF)

Pak-Qatar Takaful PlanPak-Qatar Takaful Plan is a win-win solution for both your financial protection and long-term savings and investment needs. Pak-Qatar Takaful Plan combines your need for Takaful protection and your wish for savings growth. The plan facilitates the family heads in providing their loved ones a comfortable and an honorable life through the beauty of regular savings. It accumulates small savings and grows it into a large fund over a period of time to fulfill your dreams for your family.

Free Look PeriodThe Participant on submission of a written request may cancel the Membership within 14 days of issuance of the Membership if he is not satisfied with any terms and conditions of the Plan. The Takaful Operator will refund the Contribution paid less the amount paid into the IFTPF as the Takaful Contributions. Furthermore, the Takaful Operator reserves the right to deduct expenses incurred on medical examination of the Participant in connection with the issuance of the Membership.

EligibilityMinimum age at entry : 18 YearsMaximum age at entry : 65 YearsMaximum Age at Maturity : 85 YearsTermThe minimum plan term is 5 years and the maximum plan is subject to maturity age of 85 years

Death BenefitsBenefit paid in case of death is:Sum Covered + Surplus if any from IFTPF + Cash value

IndexationThe annual contribution of main plan may be indexed at 5% and 10% per annum compoundThe annual Face Value of main plan may be indexed at 5%, 10% and 15% per annum compound

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

Permanent Withdrawal: Permanent Total cash value plus surplus from IFTPF is payable. This can be done at any time during the policy term. There are no surrender charges

Partial Withdrawal:Partial withdrawals are allowed after 1 year from commencement date. Minimum amount for partial withdrawal is Rs.15,000Supplementary Takaful Benefits:

Pak-Qatar Takaful Plan o�ers the option to increase the protection levels by making additional Contribution to the Waqf Fund:• Accidental Death Benefit• Accidental Death and Dismemberment• Permanent Total Disability – Sickness• Family Income Benefit• Waiver of Contribution• Critical Illness• Additional Term Takaful

How does Pak-Qatar Takaful Plan Function?

Contributions received from Participants by Pak-Qatar Family are divided into two accounts, Participant’s Investment Account (PIF) and Waqf Fund. The amount in PIF is invested in Shari’ah compliant business avenues to generate Halal profits. The contri-bution pooled in Waqf fund is considered Tabarru & is used to pay claims. A Wakala fee(s) is deducted for services rendered in Investment Management and for operating Waqf Fund. Any surplus generated in the Waqf may be distributed back to the Participants at the end of each year.

Investment ManagementPak-Qatar has set up three investment fund strategies. In each fund a di�erent investment strategy is being followed depending upon the participant’s risk-reward appetite. You have the option to switch between these strategies at any time during the year without any charges for up to 3 switches a year.

Minimum ContributionAnnual : 8,000/-Semi Annual : 4,000/-Investment ManagementPak-Qatar has set up three investment fund strategies. In each fund a di�erent investment strategy is being followed depending upon the participant’s risk-reward appetite. You have the option to switch between these strategies at any time during the year without any charges for up to 3 switches a year.

A Sample ExampleMr. ABC is a 40 years old happily-married having 3 children aged 7 years, 5 years, and 3 years. The plan specifications and benefits of his Khushhali Takaful membership are illustrated hereunder:

Membership Fee & Features:a) Admin Fee:PKR 40 per month. This will increase by 8% per annumb) Investment Management Charge:1.50% per annum of Net Asset Value (NAV), deducted at every pricing.c) Partial Withdrawal Charge:Charge of PKR 1,000 would be deducted for any Partial With-drawal after first 4 Partial Withdrawals during a Membership year.

Fund (Strategy) Potential Reward

Conservative Low Risks and Steady GrowthBalanced Balanced Risks and Balanced GrowthAggressive High Risks and High Returns

Age 40 yearsMembership Term 20 yearsContribution Paying Term 20 yearsYearly Contribution PKR 15,000Face Value PKR 300,000Fund Strategy Balanced: 100%Expected Growth Rate 8%

Assumed Particulars

On Maturity (Cash Value) PKR 525,442On Death Higher of Face Value or Cash Value

Benefits Payable

PKR 8,000 to

PKR 24,999

Contribution Term

First Year Allocation & Fee

Allocation

56789

10 Onwards

75%67%59%51%43%35%

Fee

25%33%41%49%57%65%

PKR 25,000Onwards

Contribution Term Allocation

56789

10 Onwards

55%50%45%40%35%30%

Fee

45%50%55%60%65%70%

PKR 8,000Onward 5 Onward

Contribution TermSecond Year & Onward Allocation & Fee

Year Allocation23

4 to 67 to 8

9 Onwards

85%92.5%95%

97.5%100%

Fee15%7.5%5%

2.5%0%

PKR 25,000Onwards

56789

10 Onwards

PKR 8,000 to

PKR 24,999

56789

10 Onwards

PKR 8,000Onward

5 Onward

23

4 to 67 to 8

9 Onwards

85%92.5%95%

97.5%100%

75%67%59%51%43%35%

Contributions

Profits from Investment

Surplus Distribution (if any)

Wakala fee(s) for Investment Management

Contributions for Takaful Benefits

Payment of Claims Wakala fee foroperating Waqf Fund

Operator / Wakeel

Waqf( )

ParticipantsParticipant’s Investment Fund (PIF)

55%50%45%40%35%30%

d) Fund Switching Fee:After 3 fund switches in any year, Takaful Operator reserves the right to impose a switch charge which shall not exceed PKR 500 per switche) Allocation

Disclaimer:Please treat the above illustration as an example only. Past performance is not indicative of future performance. Market volatility can significantly a�ect short-term performance. The value of investment can fall as well as rise. The investment risk shall be borne by the participant and actual maturity or surrender values may be lower or higher than the projected figuresNote:• This product is underwritten by Pak-Qatar Family Takaful Limited.• This product is not guaranteed or insured by the Bank or its a�liates and is not a Bank’s product. The Bank is only acting as an Agent in providing this facility and cannot be held responsible for settling claims emanating from this Scheme or for the approval or rejection of any claim or for any act or omission on the part of the Takaful Operator.

&

&

15%7.5%5%

2.5%0%

25%33%41%49%57%65%

45%50%55%60%65%70%