Noor Takaful

Why Secure Income?

Benefits

Permanent Total Disability

In case a disability leaves you unable to work, and earn an income this benefit provides a lump sum payment equal to fifty times your monthly contribution and the investment balance accumulated at the time of disability. In addition, a monthly allowance equal to five times your monthly contribution will be paid from the date of your disability until maturity of your plan.

Client Illustration

Additional Benefits

Quite simply, it’s an additional takaful cover that protects you for a specific period of time, or “term”.

In addition to the primary takaful benefit covered under the plan, this optional benefit provides cover for death resulting from an accident.

In the unfortunate event that an accident results in loss of one or more of your core physical organs (example: limbs, eyes, etc), this benefit provides a payment of a specified percentage of your accidental death benefit.

This benefit provides a defined weekly income that starts two days after disability and continues until you recover, for a maximum of 52 weeks. This benefit can only be taken together with the Accidental Death Benefit.

If you are diagnosed with a covered critical illness, this optional benefit provides you with cash when you need it most. Your plan will pay up to 50 percent of your primary takaful benefit amount or up to a maximum of AED 367,000 .

In case of terminal illness, this benefit provides an immediate payment of 50 percent of your primary takaful cover or up to a maximum of AED 250,000.

In case of an accident, this optional benefit provides reimbursement of medical expenses up to a specified limit as outlined in the takaful plan.

This benefit provides a daily cash benefit for hospital stay, after the first 18 hours, due to any illness or injury.

This optional benefit covers expenses incurred for returning mortal remains to the home country, as well as morgue expenses, such as embalming and coffin charges.

This benefit provides a cash amount within twenty-four hours after death to assist your family in paying for the funeral expenses.

Benefit Combination*

Special Features

Noor Secure Income provides flexible options to suit your personal protection and investment. It is designed with your needs in mind to offer you the following key features:

• Low minimum monthly installments, starting from AED 200 per month.

• Additional protection available above the regular income payable in the event of your death.
• Additional contributions allowed at any time during the investment period.
• Asset allocation changes allowed (switch among funds to get maximum return on your investment).
• Option to add various rider benefits, based on your specific circumstances and requirements, to secure maximum protection.

• Regular reports sent to you as a member of the takaful community.
• Ability to track your fund performance on a regular basis.

• Option to exercise partial or complete withdrawal from your investment, if required.
• Minimum investment period of only five years.
• Option to terminate or withdraw entirely from your plan at any time.

• A wide choice of funds – equity growth portfolio, balanced portfolio, secured portfolio or combinations.
• Option to choose your fund mix, based on your asset allocation and risk-return appetite.
• All funds approved by Fatwa and Shari’a Supervisory Board of Noor Takaful.

• Establish your plan with Noor Takaful and it’s yours forever – no matter where in the world life takes you.

Investment Choice*

Noor Takaful provides a flexible choice of funds. To make it easier for you to assess which funds offer you the right balance between risk and reward, we have handpicked top-performing fund managers that cover a broad range of fund classes including growth, balanced, and secure. All our funds are approved by the Fatwa and Shari’a Supervisory Board of Noor Takaful.

To create an optimal balance of funds that is right for your personal financial goals, we offer you a wide variety of options that help you achieve one of the prime objectives of superior investments – diversification.
Diversification should be viewed in light of each individual’s short and long term financial goals. Some elements of risk diversification to consider include geography, sector, and asset class.

Diversification means spreading the investment across different markets, sectors and asset classes, to reduce market risk. This protects investors from short term losses in one part of the portfolio, through exposure to stronger performance elsewhere. Through proper diversification, your investment risk is reduced, and financial returns are maximized.

Your fund manager charges a small fee for managing your investment. It is charged on a monthly basis, as a percentage of the Net Asset Value of your investment fund at the time of valuation. The percentage ranges from 0.5% to 2.0%, depending on the nature and complexity of your funds and the charges of any related fund managers.

*Disclaimer: The choice of funds is at the sole discretion of the participant. We can provide information on the range of funds available. However, we are not fund
managers or financial advisors. Remember, all investments involve risk. The value of your investment can go up or down, and the returns are not guaranteed.