Smart Save is a unique Shari’a compliant savings plan designed to help you invest and save your money on a regular basis to meet your future financial needs.
Low monthly investment: Smart Save is an affordable savings plan made for your unique requirements. Get started with a minimum of AED 200 per month, with the option to increase your contribution at any time.
Choose your investment funds: You can select your investment fund, with the support of your dedicated financial planner, to best suit your financial goals and risk profile.
Choose your investment period: Your investment period can be anywhere from 5 years and up to 30 years, provided your age at the plan’s maturity does not exceed 75. On expiry of the contract period, the total amount accumulated will be paid out to you.
Choose your protection amount: You can decide how much coverage you need, starting at a minimum of AED 5,000, payable in the unfortunate event of your death.
Primary Takaful Cover
Additional Level Term
Quite simply, it’s a takaful cover that protects you for a specific period of time, or “term”.
Permanent Total Disability
In case a disability leaves you unable to work, and earn an income this benefit provides a lump sum payment to you to cover your immediate expenses. The maximum benefit available to you will be equal to the sum of level term benefit and the basic cover applied by you.
Waiver of Takaful Contribution
This optional benefit has been designed to cover against permanent and total disability, with the contributions to your primary takaful plan being waived should you become disabled.
In addition to the primary takaful benefit covered under the plan, this optional benefit provides cover for death resulting from an accident.
Smart Save provides flexible options to suit your personal protection and investment needs. It is designed with your needs in mind to offer you the following key features:
One of the keys to maximizing your financial returns, is to make an investment choice that is right for you.
Noor Takaful provides a flexible choice of funds. To make it easier for you to assess which funds offer you the right balance between risk and reward, we have handpicked top-performing fund managers that cover a broad range of fund classes including growth, balanced, and secure. All our funds are approved by the Fatwa and Shari’a Supervisory Board of Noor Takaful.
To create an optimal balance of funds that is right for your personal financial goals, we offer you a wide variety of options that help you achieve one of the prime objectives of superior investments – diversification. Diversification should be viewed in light of each individual’s short and long term financial goals. Some elements of risk diversification to consider include geography, sector, and asset class.
Diversification means spreading the investment across different markets, sectors and asset classes, to reduce market risk. This protects investors from short term losses in one part of the portfolio, through exposure to stronger performance elsewhere. Through proper diversification, your investment risk is reduced, and financial returns are maximised.
Your fund manager charges a small fee for managing your investment. It is charged on a monthly basis, as a percentage of the Net Asset Value of your investment fund at the time of valuation. The percentage ranges from 0.5% to 2.0%, depending on the nature and complexity of your funds and the charges of any related fund managers.
*Disclaimer: The choice of funds is at the sole discretion of the participant. We can provide information on the range of funds available. However, we are not fund managers or financial advisors. Remember, all investments involve risk. The value of your investment can go up or down, and the returns are not guaranteed