Pak-Qatar launches individual family Takaful products

KARACHI: Pak-Qatar Family Takaful Limited has launched its first individual family Takaful products in the country, starting with their Share & Care – Savings Takaful and ABC – Education Takaful plans.

These plans are the first of their kind to be launched in Pakistan, this was announced by CEO of Pak-Qatar Family Takaful Limited P. Ahmed at a Press Conference on Thursday.

Share & Care – Savings Takaful is an ideal plan for families who would like to save smaller amounts of money and accumulate them into large investments for particular future needs like buying a house or providing financial support in old age. Together with the benefit of saving, this plan also offers a financial protection to the family, if their bread-winner should be unable to provide for them in the future due to unfortunate events.

The ABC – Education Takaful Plan was particularly designed for families who want to ensure the continuity of the child’s ongoing education even if the sponsor parent wouldn’t be around. It helps to multiply savings for the ever-increasing educational expenses in future. On completion of the membership-term, the investment value of the plan will be paid either as a lump sum or in regular installments to be utilized for the payment of college/university fee.

These two plans are unique and competitive as they are affordable for the general public on one hand but don’t compromise on ethical and religious values on the other. By saving just Rs 1,250 per month one can become the member of Pak-Qatar Waqf pool and avail various benefits.