Takaful Child Education & Marriage Plan
Entry Age (Payer): 18 – 57 yrs
Entry Age (Child): 1 – 15 yrs
Time Period: 10 – 30 years
Plan Type: Shariah Compliant Unit-Linked
To provide a good education is a dream as well as responsibility of every parent and is a foundation for success in life of an individual. All parents want to see their children go to good educational institutions for acquiring knowledge and be an expert of the field like engineers, doctors, scientists, scholars, professors and off course a good human being.
Likewise it is an everlasting desire of all parents to provide the best possible facilities in all aspects of life of their children. As per our dear Islam it is also a responsibility of parents towards their children. So the Marriage of children is amongst the most pleasant dreams and duties of parents. Parents have this responsibility regarding their children; even child is a girl or a boy.
In our surroundings we see that people often take loans for the education or marriage expenses. The only reason for this is not only improper expenses but even if any body will do a marriage in a proper manner he requires an amount for the expenses. When these expenses of Education or Marriage come near, many people face big trouble in managing these expenses. If they choose Loan as a good shortterm solution than they pay it by suffering their regular expenditure for a long period of time. Last but not the least that it is better to plan today your tomorrow with any logical plan and relying on ALLAH Almighty. A regular disciplined saving can make us ease in coming financial challenges regarding our loved-ones.
State Life’s Takaful Child Education & Marriage Plan is specially designed to fulfill this need of parents.
“Takaful Child Education & Marriage Plan” contains these key benefits & features:
Death Benefit: As Financial Protection for your Family, In case of Death (God Forbid), Takaful Account will pay all remaining yearly Contributions till the end of the Plan.
As another key Financial Protection feature for your Family, In case of Death (God Forbid), an agreed monthly Family Income Benefit will be payable by Takaful Account till the end of the Plan (if FIB rider selected).
Maturity Benefit: On maturity, the Carring Value of Participant Investment Account (PIA) will be paid to your nominated child to fulfill his/her financial needs.
Investment: Through your PIA (Participant's Investment Account) your amount will be invested in Halal & Riba Free businesses.
Additional Riders: Additional riders of FIB, ADB or AIB are also available in this Plan.
This plan is available for all Pakistanis around the world.