Decreasing Term Family Takaful Plan

Ensure your financial obligations are covered against life’s uncertainties

What is Decreasing Term Family Takaful Plan?

While life insurance can’t replace you, it can definitely provide financial protection and security to your family and their dreams after you’re gone. Decreasing Term Insurance protects the dreams of your loved ones, even if you are no longer here to protect them yourself.
Whether you’re purchasing your dream home or working towards getting your kids in and out of college, Decreasing Term Insurance can help you protect the goals and accomplishments of your family.

What do you get with this Plan?

Decreasing Term Insurance can be tailored to suit your existing loans. Select your policy term and payment period. Your insurance consultant will take into account the interest rate of your existing loan(s) and will set you up with the perfect plan to protect the dreams of your loved ones. You can even add on supplemental benefits like Waiver of Premium, Permanent Total Disability and Passive War Risk to enhance your basic term life plan.

Decreasing Term Assurance is a plan specifically for individuals who are looking for a coverage against their liability/ies. This plan provides with coverage against death, and offers an optional benefit of coverage for Total Permanent Disability, with passive war risk being built-in for both death and disability
  • Finance Protection Cover
  • Competitive Rates
  • Simplified Documentation with Quick Turnaround Time

Features

  • Single or Joint Life can be opted
  • Payment frequency can be single or annual
  • Segregated Smoker/Non Smoker rates

3 Reasons why you must buy this plan

Single or Joint Life can be opted

Payment frequency can be single or annual

Segregated Smoker/Non Smoker rates

The Top 5
Questions People Ask us

We looked at the most commonly asked questions and answered them for you.

The Top 5
Questions People Ask us

We looked at the most commonly asked questions and answered them for you.

A Life insurance policy is an affordable way to give you and your family members peace of mind, knowing that they will be protected in the unfortunate event of your death or disability. You will no longer have to worry about their financial future and can rest assured knowing they will be able to continue their current lifestyle.

The best time to start saving is Now. The sooner you start saving, the better the chances are your plan value will have the sufficient amount you will need in the future. We generally have fewer expenses at the earlier stage of our life, however as we grow older we accumulate more responsibilities and accordingly expenses tend to rise, so it would be easier for us to meet those increased expenses if we start saving as early as possible. In addition, starting to save early in life creates a positive habit of saving first then spending whatever remains of disposable income.

It depends on your income, liabilities and dependents. Generally, it should be at least 10-15 times of your annual income

The biggest benefit of investment being linked to insurance is that the plan provides a protection advantage. In the event death or disability occurs (God forbid), your savings might not be adequate to meet the dreams you had for the future. Thankfully insurance helps with that; with Death or Disability benefits offered, this will help meet the real purpose of the plan: your dream.

Saving & Protection plans can be for the purpose of Education, Regular Savings, Wedding, or Retirement, and they offer a number of benefits, such as

  • Long term Commitment: Encourages you to save consistently towards a future goal, be it a better education for your children, buying a house or starting a business, saving for your child or grandchild’s wedding or even saving towards your retirement. These plans also provide you with the flexibility to choose the mode of payment and frequency.
  • Takaful Death Benefit: God forbids in case of death, the protection element in these plans ensures that your future goal you had set for your children is still met. In case you had selected a retirement plan, you can rest assured that a lump sum will be paid out to your family for financial security.
  • Choice of Investment Strategy: Range of investment strategies are available that you can choose from based on your risk appetite.
  • Indexation: Helps your savings be protected against inflation

Let us help you plan for your better future!

Share your Basic Details and we will arrange a call back for you.

Bahrain Regional Office

Sunday – Thursday, Opening Hours: 8:00 am – 4:00 pm

Office 41, 4th Floor, Building No 2080, Seef Tower, Road No 2825, Al Seef 428, P.O Box 5832, Manama, Kingdom of Bahrain.

+973 1758 9800

info@alhilal.life

Kuwait Branch Office

Sunday – Thursday, Opening Hours: 8:00 am – 4:00 pm

10th floor, February 25 Tower, Khalid Bin Alwaleed St., Share, Kuwait City, Kuwait.

(+965) 2294 2663

info@alhilal.life