Unit Linked Products

Savings & Protection Plans with an investment element

What is Unit Linked Products?

A Shari’ah compliant Unit-linked product is a Family Takaful plan that combines investment and Takaful coverage. This plan is known in conventional insurance as investment-linked insurance. It is defined as a life insurance that combines investment and protection.

As far as Shari’ah compliant Unit-linked product is concerned, the contributions of the participants will be divided into two parts. One part is to serve protection where a particular portion of the contribution will be treated as donation to the fund. This portion is used to help the participants that need it most, as in the case of death or disability. The other portion of the contribution goes into buying investment-linked units.

What do you get with this Plan?

The customers are given the chance to choose which Shariah approved investment funds they want to invest in. The investment-linked units are then managed by the Takaful operator, who in return receives a fee for the service. If, during the period of Takaful, no claim was made, the participants will receive a share of the surplus in the Takaful fund, based on the pre-agreed ratio with the Takaful operator. Each share of the surplus will be used to purchase additional investment-linked units.
  • Tax-free* money for your child
  • Get money at important milestones
  • Benefit from Investment Funds

Features

Unit linked products provide the benefits of risk protection and flexibility in investment. They offer attractive features such as flexibility to choose your investments, transparency of charges and liquidity in case you incur a large unexpected cost. You have the option of managing your own investment through selecting your own investment strategy to meet your specific life stage requirement and risk profile.
  • Unit linked products help you invest in different funds based on your risk profile.
  • The returns are based on market performance and are not guaranteed.
  • It is a long term savings plan. Naturally the longer you keep saving the better is your accumulated wealth.
  • You can choose to pay your contributions monthly, quarterly, semi-annually or annually. You also have an option of building your capital through additional deposits.
  • Past performance is not an indicator of what might be achieved in the future.
  • In case of an unexpected emergency, you can surrender or partially withdraw from your plan. However, it is better to pay your contributions regularly for a longer period, to gain the benefit of accumulation.

3 Reasons why you must buy this plan

Flexible Payment Term

Adjustable Optional Benefits

Customizable Plan

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 – 4:00 pm

17th Floor, Office 1701/1702, Building 470, Road 1010, Sanabis 410, P.O. Box 5832, Manama, Kingdom of Bahrain.

+973 1758 9800

email@alhilal.com

Kuwait Branch Office

Sunday – Thursday, Opening Hours: 7:30 am – 4:00 pm

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

(+965) 2294 2663

email@alhilal.com

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