Supplementary (Ezafi) Takaful Benefits With an additional small contribution, any or multiple of the following supplementary (Ezafi) Takaful benefits can be taken with this scheme:

• PDAB – Accidental Death and Dismemberment Benefit
• DIAB – Double Accidental Death Benefit
• Health Takaful
• Critical Illness Takaful

Eligibility of Takaful Participant

• Takaful Participant must be in good health.
• Takaful Participant must have regular own income.

Benefits of the scheme

• Maturity Benefit : At maturity all the balance mudaraba fund in PIA along with accrued profit/loss in accordance with the mudaraba principle after adjusting the earlier payments.
• Financial Benefit on Death : Subject to takaful being in force, on death of the participant before the maturity date payment will be made to the nominee(s) in accordance with the shariah principles as - (a)Participant’s all contribution to the Mudaraba Fund (PIF) with accumulated profit/loss in accordance with the Mudaraba Principles till death after adjusting the earlier payment(s); (b)Adjusted Face Value (FV-Deposited Contribution in the Mudaraba Fund) from Tabarru as per Principles of Tabarru Fund.
• Paid-up Option : After at least two (2) years of premium payment, if the Takaful participant cease to pay regular contribution, the policy will be converted into paid-up Takaful. The participant will receive the Mudaraba amount deposited at the end of the term with profit as per the Mudaraba policy while the participant is alive or in case of death of the participant the Mudaraba sum with profit (if any) after adjusting the earlier payments and assistance from the tabarru fund excluding the mudaraba portion from the paid-up value as per the tabarru policy will be paid to the nominee to distribute to the heirs in accordance with the Shariah law.
• Surrender Value : If the payment of contribution is ceased within first year i.e. 12 months term of the takaful contract, the entire capital deposited in the mudaraba fund (PIA) will be transferred to the PTF as tabarru on a written unilateral promise by the participant. Unlike yearly policy, if the contract is terminated due to non-payment of contribution before completion of the second year i.e. 24 months, 50% of the capital deposited in the Mudaraba Fund will be paid to the participant based on a unilateral undertaking by the participant and the balance will be transferred to the PTF as tabarru.After full two years of payment of contribution, the participant can get all the capital deposited in the Mudaraba Fund along with accrued profit any time he applies. If any payment is made earlier will be adjusted.
• Withdrawal of Mudaraba Fund : After full two years of payment of contribution, the Takaful participant can withdraw up to 50% of his deposited Mudaraba fund showing valid reason on condition that the participant will contribute an additional amount on this withdrawal amount to the tabarru fund within a maximum of three years from the date of withdrawal on the basis of a written unilateral undertaking by the participant
• Income Tax Rebate : Income tax rebate is available on contributions made under this Takaful.
Early Cash as Survival Benefits. : Upon payment of due contribution, the Participant will receive- (a)after one-third of the policy term 90% of the PIF;(b)after two-third of the policy term 90% of the balance PIF.