Life Care plan is a Shari’a compliant investment-linked plan designed to provide cover for life. It provides Takaful cover which helps you to protect your loved ones financially for the whole of your life. The sum covered is paid to your loved ones following your death at any time.
In addition to the protection amount, the plan gives you the flexibility to pay additional contribution as your future savings which is then invested into Sharia complaint takaful fund, which allows you to accumulate some cash value for your future needs.
You can also opt to pay in a limited number of years though the cover will continue for life.
The primary takaful cover provides lump sum death benefit to your family on your death due to any cause provided you pay your regular contribution into the plan. You have an option to continue with the coverage until a fixed age or until you attain 99 years of age.