Akij Takaful Endowment Insurance Plan (With Profit)

This popular Shariah-compliant savings plan helps you multiply your investments and achieve long-term financial goals through comparatively low premiums. It is accessible to people of all income levels.

This section outlines the requirements for policy applicants.

Requirement

Details

Age at Commencement

From 18 years to 64 years.

Age at Maturity

Maximum 70 years.

Target Audience

Individuals of all income levels seeking long-term savings and investment growth.

The following mandatory documents are needed to apply for the plan.

  • Copy of the applicant's National ID (NID).
  • 1 color passport-size photo of the applicant.
  • Copy of the proposed nominee's NID.
  • 1 color passport-size photo of the proposed nominee.
  • Proof of income of the applicant (required only if the Sum Assured exceeds BDT 10 Lacs).
  • If the proposed nominee is a minor:
    • Copy of the legal guardian's NID.
    • 1 color passport-size photo of the legal guardian.

This outlines the financial and structural specifications of the policy.

Parameter

Details

Minimum Sum Assured

BDT 100,000

Maximum Sum Assured

Subject to Akij Takaful underwriting guidelines.

Policy Term

From 5 to 35 years.

Mode of Payment

Monthly, Quarterly, Half-Yearly, or Yearly.

Investment Strategy

Premiums are invested in profitable, Shariah-compliant sectors.

The core financial advantages provided by the plan.

You can enhance your basic life insurance coverage by adding one or more of the following supplementary benefits (riders):

  • Accidental Death Benefits (ADB)
  • Accidental Death & Disability (AD & D)
  • Akij Health Care Assure plan (HI)
  • Akij Critical Illness Care Plan (CI)
  • Akij Waiver of Premium (WOP)