SHARE 'N CARE PLAN FOR INDIVIDUALS

Share ‘N Care Plan is a win-win solution for both your financial protection and long-term savings and investment needs. The Participant is required to contribute a sum part which is pooled in the Waqf Fund from which financial losses incurring its members are compensated with. Participants can either choose our Standard/Basic Plan or may decide for themselves the level of protection and savings they need for their family. Share ‘n Care is a fully-customizable Plan. Investments are carried out by a team of professionals at Pak-Qatar Family Takaful Ltd for revenue growth. On completion of the membership term, members receive the Cash Value available in his Participant Investment Account (PIA) and the accumulated surplus, if any, from the Waqf Pool.

Supplementary Takaful Benefits:
Not everyone needs the same level of protection; some need more. Share ‘n Care Plan offers optional Benefits which can be availed on payment of additional contributions in the Waqf Pool. These supplementary Benefits can protect the participant from financial losses resulting from accidental death and dismemberment:

Takaful Accidental Death and Dismemberment:
God forbid, if a Participant incurs a fatal accident or total and permanent disability as a result of an accident, the Share ‘n Care Plan will make extra lump-sum payment to his/her beneficiary.

Takaful Family Income Benefit:
In an event the Participant passes away during the term of his/her membership, his/her family will receive monthly payments from Pak-Qatar Family Takaful Ltd. This amount can be determined by the Participant at the time of becoming the member of the Waqf.

Takaful Waiver of Contribution:
In an event the Participant is totally and permanently disabled either due to accident or as a result of a disease and is unable to pay his/her regular contributions, Pak-Qatar Family Takaful Ltd. will waive all outstanding contributions. Instead, the Waqf will make these payments on the Participant’s behalf as long as the Participant remains disabled or till the maturity of the Plan, whichever is earlier.

Takaful Hospital Daily Allowance:
In an event the Participant is hospitalized and remains so for more than 2 days, he or she will become entitled to a pre-defined daily allowance for coverage of medical expenses or for the loss of income during the period of hospitalization.