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Askari Life Shandar Takaful Plan

Askari Life Shandar Takaful Plan helps you achieve life goals like education, home ownership, and retirement with confidence and ease.

This Shariah-compliant, 10-year riba-free plan combines protection with ethical, growth-focused investment opportunities.

Your contributions are invested in Shariah-compliant instruments, with monthly profit credits helping your savings grow steadily over time.

Step into a more secure future and choose Askari Shandar Takaful Plan and start building your dreams today. 

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Iraada Karo

Key Features

Shariah Compliant Investment Package

A Shariah-compliant Takaful plan offering long-term savings and protection with low, shared risk. Designed to support your financial needs at every life stage with stability and confidence.

Flexible Contribution and Coverage term

Customize your savings, coverage, and term to match your goals, budget, and lifestyle. Enhance your plan with optional add-ons guided by a certified financial advisor.

Free Hajj Coverage

Get Rs. 2.5 million protection in case of accidental events during Hajj, ensuring added peace during your sacred journey.

Additional Investment Option (Top-Up)

Add extra funds anytime with a minimum of Rs. 10,000, allocated at 100% to boost your savings. It helps increase your cash value and supports flexible contribution planning.

Protection Multiple (Cover Multiple)

Choose a high coverage amount up to the maximum available limit to secure strong financial support for your loved ones.

Care beyond coverage

School Fee Waiver

Support your child’s education with monthly school fee coverage of up to Rs. 100,000, with flexible term options.

Hospitalization Coverage

Receive Rs. 8,000 per day for up to 60 days in case of accident-related hospitalization beyond 1 day.Get treatment at any hospital of your choice with financial ease.

Major Surgery Benefit

Get up to Rs. 500,000 to cover expenses for listed major surgical procedures. It helps reduce financial pressure during important medical needs.

Waiver of Premium on Life Changes

Your plan continues in the future and your family receives the lump sum coverage amount along with the maturity benefit at the end of the policy term, even if you are not there or physically able.

Accidental Protection Benefit

Provides additional financial support to your family in case of accidental disability or unexpected events. It adds an extra layer of security when it matters most.

Level Term Family Takaful (Enhanced Coverage Option)

Increase your protection with an additional benefit starting from Rs. 100,000 alongside your base plan. It helps your coverage grow with your evolving life needs.

Critical Illness (CI) Supplementary Benefit

Receive a lump sum of up to Rs. 2 million upon diagnosis of covered major illnesses. It offers strong financial support in challenging health moments.

Monthly Income Benefit

Provide your beneficiaries with a steady monthly income for the remaining term of the benefit. It ensures ongoing financial comfort and stability for your loved ones.

Basic Coverage

Protection Benefit

Your plan provides financial support for your loved ones, offering the higher of PIA Cash Value or Sum Covered when needed.

Maturity Benefit

At the end of your term, receive your full PIA cash value to help you achieve your long-awaited goals.

Partial Withdrawal

Access up to 50% of your net cash value anytime, while maintaining a minimum balance of Rs. 10,000. Enjoy flexibility with a minimal charge of Rs. 500 when needed.

Free Look Period

Review your plan with confidence and cancel within 14 days of receiving documents for a full refund giving you complete comfort before making a long-term commitment.

Inflation Protection

Keep your savings growing with a simple 5% annual contribution increase to stay ahead of rising costs.

Surplus Sharing

Earn additional value through yearly surplus distribution, credited to your PIA based on eligibility as it rewards you for being part of a cooperative Takaful system.

Disclaimer

Askari Life Shandar Takaful Plan is a Shariah compliant Universal Life Family Takaful certificate which is subject to investment risk and the cash value of the plan will vary directly with the performance of the investment fund. 

Bank is acting as a corporate agent of Askari Life-Window Takaful Operations and is not responsible in any manner, whatsoever, to the participants, his/her beneficiary (ies) or to any third party. 

Askari Life – Window Takaful Operations shall be the sole responsible with respect to participant’s services, claim lodgements and claim processing. 

All Family Takaful applications are processed and approved by Askari Life- Window Takaful Operations, as per their underwriting guidelines.

 A personalized illustration of benefits will be provided to you by our sales representative. 

Please refer to the notes in the illustration for a detailed understanding of the various Terms and Conditions. 

Investment Risk shall be borne by participants; actual maturity values or surrender values may be higher or lower than the project figures. 

The past performance of the fund is not necessarily a guide or guarantee of future performance. 

This brochure only provides an introduction to the benefits available under the Certificate. 

A detailed description of how the certificate works is given in the ‘Participant’s Membership Documents (PMD), which will be provided to every participant. 

The contents herein are the intellectual rights of Askari Life-Window Takaful Operations. 

In the event of any discrepancy, ambiguity and conflict in interpreting any information, terms, or conditions in this brochure, the participants membership documents (PMD) shall prevail and supersede.

 Publication or duplication of this brochure by any third party is strictly prohibited

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