Flexible Savings Plan

Achieve your investment goals while enjoying the flexibility of adapting to your changing needs

Flexible-Savings

What is Flexible Savings Plan?

We believe you should be able to invest for your future the way you want to, with an investment plan that agrees with your lifestyle and your capability to save.

That is why Al Hilal Takaful developed a Flexible Savings Plan that allows you to invest the amount you want when you want and to create an investment strategy that helps you achieve your dreams in the future.

You might be saving for your dream house, your dream car or a trip of a lifetime.

Moreover this Shari’a compliant Plan, through its protection element, is designed to protect your initial investment against
early death (God forbid) whereas your beneficiaries will receive 105% of your initial investment or the Plan Value whichever is greater.

What do you get with this Plan?

When you apply for our Flexible Savings Plan, you can decide how much you want to contribute depending on your financial goals. You can also select a maturity date for the plan according to your needs. At maturity, the plan value is paid to you. You can also make additional contributions at any time, subject to a minimum amount. In the unfortunate event of your death before the plan maturity, your nominated beneficiary will receive the greater of your plan value or 105% of your initial contribution.
  • Investment Focused with a choice of 3 strategies
  • Built-in Death Benefit for 105% of contribution
  • One time Contribution

Features

Additional Contributions:
Additional contributions can be paid at any time subject to certain terms and conditions.

Flexibilities:
Customizing your plan in terms of flexibility to choose the contribution amount, investment strategy & indexation rate

Adaptable Investment Strategy:
Easily Adaptable to your changing circumstances, whereby you can switch from one investment strategy to another and pay additional contributions

Inflation Protection:
The contribution indexation is used to cater to inflation.

Withdrawal Facilities:
Option to partially withdraw or surrender after your plan has been in force for 18 months passed and paid

3 Reasons why you must buy this plan

Investment Plan with a Protection Element

Adaptable Investment Strategies

One-Time Contribution

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

Take a look at the most commonly asked questions about life insurance.
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: 7:30 am – 3:30 pm

17th Floor, Office 1701/1702, Building 470, Road 1010, Sanabis 410, 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