A program designed to help customers save for their financial goals during retirement, in a manner that complies with Shariah principles. It also provides financial protection for your family in the unfortunate event of death.
Benefits That Fit Your Needs
- A long-term, regular savings plan with a defined maturity date
- Monthly contributions starting from as low as Ʀ 300 (equivalent to Ʀ 10 per day)
- Life coverage up to Ʀ 1,575,000
- In the event of death (God forbid) under the retirement program, the plan will be terminated and the higher of the following will be paid: the protection amount or the total savings value including any earned returns.
- Option to invest savings across various investment strategies tailored for protection and savings products, managed by alinma Capital.
- Partial withdrawals available for emergency situations
- Flexibility to withdraw at any time before the maturity date
- Available from age 18 up to a maximum of 65 years
- A 21-day free-look period: if not satisfied, you may cancel the policy and receive your contributions back, minus any medical exam fees (if applicable) and protection fees
- Flexible contribution payment options (standing order or direct debit)
Retirement Protection & Savings Program | Overview Presentation
|
Total premium invested policy term including projected return 7% |
Basic coverage |
Term |
Contribution |
Product Name |
|---|---|---|---|---|
|
118,598.08 |
90000 |
15 |
500 |
Retirement |
|
243,021.78 |
180000 |
15 |
1000 |
|
|
489,983.52 |
360000 |
15 |
2000 |
- There is NO guarantee that the investment return shown above will be achieved. This illustration is based on indicative.
- The effect of investment charge is already taken into account in the illustrated values