You need to plan and organize your resources to address future changes. You must plan early,
with flexibility, and according to SHARIAH. This is critical when planning your financial needs for
retirement. Now you can overcome this challenge by participating in our SUKOON Takaful
scheme!

SUKOON provides you endowment benefit at retirement, or in case of earlier DEATH pays such
benefit to your dependents.

SUKOON is an Investment-Linked Takaful Plan that allows you to invest your regular
contributions in our managed SHARIAH funds of your choice.

Investment

You may decide any amount of regular contribution to the Participant Investment Account (PIA), subject to minimum. These will be used to purchase investment Units in our SHARIAH managed funds; Income Fund, Balanced Fund and Growth Fund.

You may invest in any combination depending on your risk appetite and desired returns.

The funds in the PIA (including profits) belongs to you. It shall be payable in following cases; death, partial withdrawal, surrender, or at maturity.

Protection

The Waqf provides financial compensation in case of DEATH in consideration of your Tabarru’ (donation) to the Waqf fund, based on compensation desired.

The Tabarru’ payment is from your PIA fund through cancellation of investment Units.

You can enhance the benefit by attaching optional riders subject to additional payment of Tabarru’.

Endowment

At maturity you will be paid an endowment sum plus your PIA fund.

Flexibility

The regular contribution is limited to 10 or 15 years, and maturity age at 60 or 65 years.
You may choose any combination to suit your retirement plans.

PRODUCT FEATURES

Basic Features Descriptions   Entry Age   18 – 55 years.   Minimum Contribution Mode Amount   Monthly   PKR 7,500   Quarterly   PKR 7,500   Semi Annual   PKR 7,500   Annually   PKR 12,500   Maximum Contribution   No Limit.   Term of Contribution   10 or 15 years.   Maturity Age   60 or 65 years.   Minimum Sum Cover   Five (5) x Annual Contribution, or PKR 100,000 whichever is higher.   Maximum Sum Cover   Contribution Term x Annual Contribution.   Benefits on Death    Sum Cover    Net PIA value accumulated at the time of death.   Benefits at Maturity    Sum Cover    Net PIA value accumulated at Maturity    Surplus from the Waqf Fund, if any.   Free Look Period     Certificate can be cancelled within fourteen (14) days of issuance     and refund of Contribution subject to deduction of medical fees.   Contribution Re-direction    The choices of Investment Funds into which the Contributions are     invested can be changed at any time.    Changes to take effect from next Contribution payment.   Top Up Contribution    Additional investment into the PIA is allowed at any time.    The Units to be allocated shall be at the prevailing Offer Price.   Fund Switching    Units may be switched from one Fund to another at anytime.    The minimum value of Units that may be switched is PKR 20,000      or the entire Units holding in that Fund(s), whichever is lower.    One free switching per year, thereafter a fee of PKR 300.   Change in Contribution    Contribution can be changed subject to minimum amount.    Changes to take effect from next Certificate anniversary date.   Change in Sum Cover    Sum Cover can be changed subject to Minimum/Maximum limits.    Changes exceeding Non-Medical Limit subject to underwriting.    Changes to take effect from next Certificate anniversary date.   Fund Management Fee   1.50% per annum of Fund Value.   Partial Withdrawal (from PIA)    Partial withdrawal can be made at any time after two (2) years.    Minimum withdrawal at least PKR 10,000.    Minimum balance at least PKR 30,000 or 20% of prewithdrawal      value whichever is higher.    Withdrawal fee PKR 300.   Surrender of Certificate    Surrender can be made at any time.    The balance in PIA less any indebtedness, if any, shall be          payable.    The reserve surplus from Waqf Fund, if any, shall be payable from      5th. Certificate year.    The Certificate shall terminate.   Supplementary Riders   (Optional)    Accidental Death benefit (ADB)    Accidental Death & Disability Benefit (ADDB)    Family Income Benefit (FIB)    Family Protection Benefit (FPB)    Waiver Of Contribution (WOC)    Critical Illness (CI)    Total & Permanent Disability (TPD)    Funeral Expense Benefit (FEB)