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Waad Al Ajyal

Advantages:

  • Build your child`s education fund.

  • University tuition up to 6 years.

  • Enhance your child`s takaful coverage.
Waad Al Ajyal
At Libano-Suisse Takaful, we also provide tailored education plans to give your children the very best start in life.
We offer long-term capital growth investment funds, asset management and savings solutions to support them from pre-school to post-graduate studies.
You’ll benefit from the knowledge of a network of experienced and highly qualified advisors who also understand your requirements.
You might have recently been a newlywed and now you’re a parent. Although parenting is one of life’s most gratifying and joyful experiences, it nevertheless comes with added responsibilities and commitments.<br/> Because every parent wishes to see their child achieve their full potential, they will look for ways to provide them with proper support and motivation in order to see them succeed in life; graduate, start their career and earn their independence.

But as you know, no child can achieve his full potential in life without proper support and inspiration.
We understand the dreams and aspirations you have for your children. After all, we have helped many parents in many countries raise their young, put them through the best higher education, and shape them into future professionals.
One thing is for sure: you can trust Shariah-Compliant Waad Al-Ajyal Education plan to meet your responsibilities as parents. It will help you secure a brighter future for your child without having to make major sacrifices.
Since the cost of higher education is considerably increasing year after year, you will need greater cash funds by the time your child goes through the various stages of their education. Don`t worry! Your Waad Al-Ajyal plan is designed to provide you with a reliable and flexible financial support.

Upon reaching your child’s age at Maturity, you can withdraw your fund’s value in lump sum or throughout a period of 2, 3, 4 and up to 6 years. The table below illustrates the benefit for 4 tuitions.

Waad Al-Ajyal, is a regular contribution unit-linked by LIBANO-SUISSE Takaful Egypt, is a plan where protection, investment and rewards are linked innovatively. Contributions to this plan in easy monthly payments, and you have options to pay quarterly, half-yearly, yearly, or via cash or credit/debit card.
Karim, age 35, father of Amr (1 year old), subscribed to Waad Al-Ajyal Plan with a monthly contribution of EGP 1000 the university starting age is set at 18. Amr would receive the following amounts to help him afford the costs of the university.


University tuition at age 18
  1st year tuition 2nd year tuition 3rd year tuition 4th year tuition
Return @10% 113,956 120,543 127,510 134,881
Return @12% 138,311 147,877 158,106 169,041
Nobody can predict an emergency. What’s sure is that when it happens, you will need a trustworthy friend. That is why we have designed Waad Al-Ajyal plan as a simple an ordinary savings account that allows you to easily withdraw money in times of need.

Waad Al-Ajyal allows you the option to make partial withdrawals from your Investment Account anytime, up to 80% of your fund value and minimum EGP 1000.
You can increase your fund’s value by investing over and above your regular contributions. This booster can be made anytime during the contract period.
  • Secure a bright future for your child It ensures adequate financial resources when it is time for your child to attend university.
  • Earn Loyalty Bonus Because we value your loyalty, pay your contributions on a timely basis, and the company will give you 5% of your average yearly contributions upon completion of the 5th certified year, and every 5 years after that.
  • Maximize your child`s education fund LIBANO-SUISSE Takaful offers you a wide array of investment funds that are all Shariah Complaint. You can choose to invest fully in any one fund or allocate your contributions into various funds in whichever proportion suits your investment needs. All your investments will be managed by renowned first class Asset-Mangers in the region, who will help you maximize your child’s education fund.
  • Secure your child’s education fund’s continuity Being a parent brings with it many challenges. Your child`s education planning should be worry-free. Let us take care of it, even if unforeseen circumstances strike. Add Waiver of Contributions Benefit in case of untimely death, Total Permanent Disability (TPD), or Critical Illness (CI) and have absolute peace of mind knowing that whatever happens, your child will have the funds to attend the university you chose.
  • Hospital Cash Benefit (HC): This unique benefit is granted by LIBANO-SUISSE Takaful to all its clients. It is designed to take away the worries of settling the hospital bills. LIBANO-SUISSE Takaful Hospital Cash Benefit reduces your financial burden by helping you recover with peace of mind and providing you with daily cash assistance in the event of Hospitalization due to accident.
The following benefits are available at your convenience; you can choose from a range of benefits to strengthen your child’s Education Plan:
  • Schooling Tuition Benefit: This benefit pays out your child’s schooling tuition in case of untimely death, total permanent disability (TPD), or critical illness (CI) of the covered parent, until the child comes of age to enter university.
  • Critical Illness Juvenile (CIJ): No body like unpleasant happenings. But they do happen in life. However, by preparing for any eventuality and minimizing the impact they could have on your loved ones with Waad Al-Ajyal Takaful protection plan. It pays you a maximum of EGP 250,000 in cash benefits if your child is diagnosed with a critical illness, so that you can remedy the illness with the appropriate medical treatment.
  • Parent Term Benefit: This benefit provides your child with a lump sum allowance upon the parent’s death or total permanent disability .You will double this amount with Double Parent Term Benefit, in the event of either parents` death or total permanent disability together or within a period of 12 months as maximum.
  • Accidental Death or Disability Benefit Accidents are unpredictable, and so are the consequences. They may lead to death or disability – This benefit provides sum amount against such misfortune.
  • Passive War & Terror Benefit: During the course of our life any of us may become surrounded by abnormal events such as revolutions, riots, and wars, and many rebellion actions which we can’t expect. It’s always good to hope for the best, but because sometimes accidents can happen, but we have to be cautious. So LIBANO-SUISSE? Takaful is providing the Passive War & Terror additional coverage, which provides indemnity in case of death or injury due to accident as a result of the mentioned events.
Not only are we proud to encourage your lifetime accomplishments and passionate about celebrating your personal and professional advancements; but we also go the extra mile to guarantee you complete transparency and security. You are also entitled to receive up to 50% of the distributable surplus, if there is any. Therefore, we have regulated Waad Al Ajyal for it to be Takaful Sharia’h Compliant and fully compatible with the Shariah law.
Ever since our establishment in 1959, we built our reputation on our expertise that has helped us excel on the insurance market. We are highly committed to delivering excellent results by researching, developing and innovating services that suit the growing and changing needs of populations. Our history and heritage have kept us going strong for decades and pushed us to release a range of services that have benefited an overwhelmingly a large number of subscribers in Lebanon, the Arab world, Africa and Europe.
an Egyptian Joint Stock Company regulated by law No. 10 of 1981 and registered under the No. (27) In the Egyptian Financial Supervisory Authority.
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