African Alliance Insurance Co PLC
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Al-Istidad Plan (A FAMILY TAKAFUL PLAN)

“Verily, it is better for you to leave your offspring (heirs) wealthy than to leave them poor asking others for help”.. “The one who looks after and works for a widow and for a poor person is like a warrior fighting for Allah’s cause…”

 Prophet Mohammed (PBUH)                                                                                    (Hadith by Sahih al-Bukhari, as narrated by Amir bin Saad bin Abi Waqqas)

Key Features

  • Flexible contributions;
  • Long-term financial programme to facilitate the creation of  personal savings and retirement fund;
  • Returns on investment based on the Islamic concept of al-Mudharabah;
  • Flexible maturity period;
  • Additional cover for hospitalization benefits, personal accident, permanent disability and family income;
  • Tax relief on contributions;
  • Takaful instalments not forfeited in the event of cancellation;
  • Part-withdrawal allowed
  • A simple and transparent plan

Eligibility

Anyone between the ages of 18 and 55;

Maturity Period:

10 years                      15 years

20 years                      25 years

30 years                      35 years

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