Retirement Plan

Save for your golden years and enjoy a stress-free retirement

Retirement plan

What is Retirement Plan?

Retirement is a key life stage that we should all look forward to and be able to enjoy. Al Hilal Takaful has designed the Retirement Plan to allow you to spend yours with loved ones and enjoy life without financial worries.

Our Shari’a compliant Retirement Plan provides peace of mind for your family should something unfortunate happen to you, with its additional protection element.

The plan, through its protection element, provides (in addition to the plan value) a lump sum payment in case
of death, and accordingly gives your family some financial support to cover basic expenses until their financial affairs are stabilized.

What do you get with this Plan?

Our Retirement Plan gives you the flexibility in deciding how often and how much you want to contribute depending on your financial goals. In the unfortunate event of your death (at 65 years of age or younger) before the plan maturity, your nominated beneficiary will receive your fund value and an additional USD 10,000. In the unfortunate event of your death (at 66 years of age or older) before the plan maturity, your nominated beneficiary will receive your plan value. At maturity, the plan value is paid to you.

  • Affordable Unit Linked Savings Plan designed for retirement planning
  • Built in Death Benefit Coverage for $10,000
  • Flexible Payment Terms with Indexation Feature

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, contribution frequency, investment strategy & indexation rate

Adaptable Investment Strategy:
Easily Adaptable to your changing circumstances, whereby you can switch from one investment strategy to another, increase or decrease contribution, pay additional contributions & change payment frequency

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 36 months passed and paid

3 Reasons why you must buy this plan

Commitment towards saving for your Retirement

Adaptable Investment Strategies

Death Benefit Cover

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: 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