Yes. You can withdraw money partially or fully. Partial redemption is available anytime after the completion of 1 year, subject to maintaining a minimum of BHD 350/- or
USD 1,000/- in the account.

However, full surrender is available anytime during the policy term, subject to surrender charge equal to the wakala fees payable for the balance term of the policy if the surrender is made before the completion of 1 year and payment of related contributions.

The below table states the annual contributions to be made for each plan option: -

As a participant in the individual contribution package, in case you meet with an unfortunate event of death due to accident (God forbid), your family would get paid the life cover amount immediately.

 However, in the unfortunate event of permanent disability you would get a lump sum calculated as per the scale mentioned in the policy contract. The claim amount is based on the type of disability. A wide range of permanent disabilities are covered and include but not limited to permanent total disablement from gainful employment, permanent loss of one or more limbs, eyes, loss of hearing in one or both ears, speech, toes, fingers and many other forms of permanent disabilities. Please refer to the policy contract for more information.

 The below table outlines the protected events and the percentage of the Sum Protected that is paid according to the degree of disablement:
  

* Note: phalanges are bones (plural for phalanx) that form the fingers and toes. An individual’s thumb and big toe have two phalanges, while the other fingers and toes consist of three.

If you opt for the family contribution package, in addition to the above individual benefits to you, your spouse and an unlimited number of your dependent children are also each covered for 10% of your life and permanent disability scale cover, all in one single policy.

If you are a parent between 18 years to 55 years and your child’s age is between 0 years (2 weeks) to 15 years, you are eligible to apply for EducateSecura.

You as a parent can choose an age between 18 years to 23 years as the maturity age of your child. Your age as a parent should also not exceed 60 at maturity. Upon attaining the maturity age you can avail the investment fund value as a lump sum or spread it over 2 years to 5 years.

The term of the plan is calculated as higher of (a) the difference between the chosen maturity age and the current age of the child, or (b) 5 years.

The minimum life cover that you can avail in EducateSecura is 5 times your annual contribution and the maximum you can avail is 20 times your annual contribution.

The minimum contribution is BHD 500/- per year for BHD currency plan and USD 1,500/- per year for USD currency plan. However, on monthly mode, the minimum contribution is BHD 50/- per month for BHD currency plan and USD 150/- per month for USD currency plan. Other payment modes are also available such as quarterly (BHD 125/USD 375) and semi-annually (BHD 250/USD 750).

As a participant, in case you meet with an unfortunate event of death (God forbid), your family would get (a) paid the life cover amount immediately, (b) all the future contributions to be paid by you are waived, and (c) the takaful fund will continue the contributions on your behalf till maturity of the plan thereby increasing your child’s education benefit at the time of maturity.
 However, in the unfortunate event of total permanent disability, (a) all the future contributions to be paid by you are waived, and (b) the takaful fund will continue the contributions on your behalf till maturity of the plan thereby increasing your child’s education benefit at the time of maturity.

Yes. You can withdraw money partially or fully. Partial redemption is available anytime after the completion of 3 years, subject to maintaining a minimum of BHD 350/- or USD 1,000/- in the account.

However, full surrender is available anytime during the policy term, subject to surrender charge equal to the wakala fees payable for the balance term of the policy if the surrender is made before the completion of 3 years and payment of related contributions.

Cover Continuance Benefit is a unique feature that provides you continued protection, even if you stop paying your regular contributions. Your policy shall be kept in-force by cancellation of units at the prevailing unit price to make your donations to the takaful fund, so long as there are units to support such contributions for at least 3 months.

Booster Contribution is an option that allows you to invest surplus money at anytime to make it grow faster. The minimum Booster Contribution should be BHD 175/USD 500.

The other benefits that you can avail are (a) funds switching (6 times free every year), (b) contribution redirection to different funds, (c) increase and decrease in regular contribution on policy anniversary, and (d) increase and decrease in life cover on policy anniversary.

If your age is between 18 years to 64 years, you are eligible to apply for ExpressSecura.

ExpressSecura provides a life cover of BHD 30,000/- in the basic plan option.
ExpressSecura also provides an enhanced plan option by bundling four additional benefits – Accidental Death Benefit, Permanent Total Disability, Daily In-Hospital Cash and Terminal Illness – along with the base plan.

ExpressSecura is a one (1) year plan that can be renewed every year upon expiry.

As a participant, in case of an unfortunate event of death (God forbid), your family would get paid the life cover amount immediately. In the unfortunate event of accidental death, your family would get paid double the life cover amount immediately.
 In case of permanent total disability due to an accident that results in interruption of the regular activity or work for at least 6 months, you would get paid the life cover amount.
 If as a result of injury due to accident or sickness, and if you shall be necessarily confined as an In-Patient in a Hospital for a minimum of 24 hours under the continuous attendance of the Physician, you would get paid the amount of Daily In-Hospital Cash Benefit for each day of hospitalization from the first day of hospital confinement, subject to maximum of 60 days (per contract year) in respect of the same injury or sickness.
 However, in the unfortunate event of being diagnosed with an advanced or rapidly progressing incurable illness (Terminal Illness) where, in the agreed opinion of 2 independent Medical consultants and Medgulf Allianz Takaful, the life expectancy is no greater than 12 months, you will get paid the Terminal Illness cover amount which is 50% of the life cover amount. In the unfortunate event of subsequent death, the remaining 50% will get paid to your family.