The Plan is the cheapest Takaful cover available to Muslim parents/Guardian.
It creates a sufficient estate for a child to guarantee the completion of his education in the event of death or permanent disability of his parent/guardian.
HOW IT WORKS
Eligible parent/Guardian must be between ages 18 – 60 years
Contribution will be paid along with the school fees every term.
The plan will essentially be non-medical except where school fees exceed =N=1,000,000 and the age of parent/Guardian of the child exceeds 41 years.
School fees shall be paid to the school upon death or permanent disability of the Sponsor Parent/Guardian per term until the child graduates from Nursery/Primary or Secondary school as the case may be.
The school fees will be as determined by the school authority.
The funds are invested in line with Islamic ethics.
BENEFITS
The Plan will pay for the education of the named child on the death of parent/guardian by natural or accidental causes.
The scheme will pay for the education of the child named on the policy if the sponsor parent/guardian is permanently disabled.
It allows for conversion to Takaful Individual Education Plan (Al- Ilmu Plan) in case the named child transfers to another school.
One child could be substituted for another during the session.
Where the name child repeats a class (maximum of 2 times) the policy will pay school fees until such a child leaves school consequent upon the death/permanent disability of the sponsor parent/guardian.
Free career and counselling program for the pupil/student.
