Takaful Protection Plan for School Fees
Takaful

Takaful Protection Plan for School Fees

The Gift of Education is the Gift of a Lifetime!

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Key Benefits

  • Icon Takaful Benefit up to AED 500,000
  • icon Lump Sum Takaful Benefit
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Takaful Benefit

Why Do I Need Takaful Protection Plan for School Fees?

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We strongly believe that a Takaful Protection Plan for School Fees ​can help bring peace of mind and financial relief to help you and your family during the most difficult time. ​

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Lump Sum Takaful Benefit

What is Takaful Protection Plan for School Fees?​

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School Fee Protection Takaful Plan will provide a Lump Sum Takaful Benefit as education fund calculated as 50% of the Total Takaful Benefit and the remaining in a series of five (5) equal installments as annual school fee allowance for the children.​​​

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What Type of Takaful Benefits Are Covered?

What Type of Takaful Benefits Are Covered?

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Subject to the terms & conditions, the plan will provide 24 hours worldwide protection against:

Death
Permanent Total Disability

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What Plans are Available?

What Plans are Available?

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There are three plan options available with the following benefits:

See the plans

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How Do I Enrol?

  • You must be a resident of UAE and between the ages of 21 years and 64 years to enroll.
  • All you need is to complete a short application form, and if there is no further underwriting required, you will pay the annual contribution amount and get enrolled.
  • For information and simple & quick enrollment please call us on 02-4107700.

About the Takaful Provider

  • As a valued customer, we understand that you need the confidence and assurance that you have proper coverage. With this in mind, we have carefully selected Abu Dhabi National Takaful Co. PSC, our preferred Takaful Provider with a proven track record, to provide the coverage you need.
  • More information about the Takaful Provider and its services is available at www.takaful.ae.
There are three plan options available with the following benefits:

Plan 1:

Total Takaful Benefit: AED 250,000
Lump Sum Takaful Benefit: AED 125,000 (Education Fund)
Annual Education Allowance: AED 25,000

Year Education Allowance Remaining Future Annual Education Allowance Payable Early Redemption of Remaining Future Annual Education Allowance Payable
1 AED 150,000* AED 100,000 AED 75,000
2 AED 25,000 AED 75,000 AED 56,250
3 AED 25,000 AED 50,000 AED 37,500
4 AED 25,000 AED 25,000 AED 18,750
5 AED 25,000 0 0

* Includes the payment of Education Fund and the first (1st) installment of Annual Education Allowance.

Plan 2:

Total Takaful Benefit: AED 350,000
Lump Sum Takaful Benefit: AED 175,000 (Education Fund)
Annual Education Allowance: AED 35,000

Year Education Allowance Remaining Future Annual Education Allowance Payable Early Redemption of Remaining Future Annual Education Allowance Payable
1 AED 210,000* AED 140,000 AED 105,000
2 AED 35,000 AED 105,000 AED 78,750
3 AED 35,000 AED 70,000 AED 52,500
4 AED 35,000 AED 35,000 AED 26,250
5 AED 35,000 0 0

* Includes the payment of Education Fund and the first (1st) installment of Annual Education Allowance.

Plan 3:

Total Takaful Benefit: AED 500,000
Lump Sum Takaful Benefit: AED 250,000 (Education Fund)
Annual Education Allowance: AED 50,000

Year Education Allowance Remaining Future Annual Education Allowance Payable Early Redemption of Remaining Future Annual Education Allowance Payable
1 AED 300,000* AED 200,000 AED 150,000
2 AED 50,000 AED 150,000 AED 112,500
3 AED 50,000 AED 100,000 AED 75,000
4 AED 50,000 AED 50,000 AED 37,500
5 AED 50,000 0 0

* Includes the payment of Education Fund and the first (1st) installment of Annual Education Allowance.

How Much Does it Cost?

There are three plan options available with the following Annual Contribution Amounts:

Plan Option Plan 1 Plan 2 Plan 3
Contribution Amount AED 500 AED 700 AED 1,000

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