Insurance Solutions

Takaful Save and Protect Plan

We take decisions every day which affect our future, and in turn our dreams. To secure these dreams, Faysal Bank Limited, in collaboration with Pak-Qatar Family Takaful Limited offer you Takaful Save and Protect Plan; a low contribution high coverage Shariah compliant product, structured to help you conveniently build your long-term savings and ensure that your family is protected against any unforeseen event.

Key Benefits

  • Shariah Compliant: Underwritten by Pak-Qatar Family Takaful Limited
  • No Medical Examination*: Simply answer a few health related questions
  • Convenience: Amount deducted automatically through Auto-Debit instructions
  • Quick processing: Online policy underwriting
  • Satisfaction Guaranteed:14 days Free Look period

Product Features

All regular contributions paid during the tenure of the plan are used to ensure the following benefits:

  • Key Benefit

  • Faysal aikFaisla Takaful Save and Protect Plan comes with a built-in basic Takaful Benefit that allows the beneficiaries to receive the fund in case of death of the Participant (Membership Holder) during the tenure of the plan. The beneficiaries are paid the higher of: Sum Assured (Annual Contribution x Membership Term) OR Cash Value (Value of total invested contributions at the time)

  • Maturity Benefit

  • At maturity, the Participant (Membership Holder) will receive the cash value in his / her investment account.

    * Terms and Conditions apply

Allocation of Investment

Growth – Involves Investment in selected Islamic stock portfolio, Sukkuk (bonds) and Mutual Funds (Suitable for customers with a high risk appetite seeking a higher return on their Investments)

Conservative – Involves investment in Islamic deposits. (Suitable for customers with a medium risk appetite seeking a competitive return on their investments)

You also have the freedom of switching between the above-mentioned investments strategies free for four times in a year.

Free Look Period

A free look period of 14 days is offered by Pak Qatar Family Takaful Limited during which you can review your policy terms and conditions and cancel the policy if needed. Your premium will be refunded on receipt of a written request within 14 days from the date of the receipt of the policy document. Please note that Pak Qatar Family Takaful Limited reserves the right to deduct the expenses incurred on medical examination.

Frequently Asked Questions

For Takaful Save And Protect Plan Brochure:

Sample Illustration:

Customer Age: 35 years
Policy Term: 25 Years
Contribution: PKR 48,000 annually

Cash Value (PKR)

Term (in years) 7% 9% 11%
10 509,568 565,034 626,750
15 917,158 1,081,126 1,276,842
25 2,143,378 2,880,111 3,897,011


  • The cash values given in the sample illustration are estimated based on assumptions.
  • The actual values may be higher or lower than the ones shown above, depending upon the performance of the underlying investments
  • The cash values have been worked out at assumed investment growth rates of 7%, 9% and 11% per annum.
  • Certain charges apply on the membership; please refer to the personalised illustration of benefits for details.
  • A description of how the contract works is given in the Participant’s Membership Document (PMD). This brochure gives a general outline of the product. The mentioned figures are indicative and for illustration purposes only.
  • Service charges and taxes will be applicable as per the Bank’s Schedule of Charges or Taxation Laws as stipulated by the relevant authorities.
  • Past performance of the Fund is not necessarily a guide to future performance. Any forecast made is not necessarily indicative of the future or likely performance of the fund.
  • This product is underwritten by Pak-Qatar Family Takaful Limited
  • This product is not guaranteed or insured by the Bank or its affiliates and is not the Bank’s product. The Bank is only acting as a distributor in providing this facility and cannot be held responsible for settling claims emanating from this Scheme or for the approval or rejection of any claim or for any act or omission on the part of the Insurer.
  • Pak-Qatar Family Takaful Limited is registered and supervised by Securities and Exchange Commission of Pakistan.

* Terms and conditions apply

Pak Qatar Family Takaful Limited

102-105, Business Arcade, Block 6, P.E.C.H.S,
Shahra-e-Faisal, Karachi-75400, Pakistan
UAN: 111-TAKAFUL (825238)
Ph: (92 21) 34311747-56