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Waad Al Istiqrar

Advantages:

  • Earn Loyalty Bonus.

  • Unit-linked investment

  • Financial protection for you and your family

  • Double Family Income (in case of death or disability due to Hajj or Umrah)
Waad Al Istiqrar
Libano-Suisse Takaful Egypt helps everyone, with the financial security needed to start, grow and look after a family. Our investment funds and personal saving plans provide dependable financial growth to support you now and in the future, regardless of what happens. We have private pension and life takaful products to help in retirement.
Today you may be enjoying life with a steady income, and you are dreaming of a prosperous life tomorrow. However, your present financial situation may not be sufficient enough to ensure it, knowing that the future holds more commitments and different priorities. Nevertheless, with proper financial planning and wise investments you could have the life of your aspirations. That’s where you can count on LIBANO-SUISSE Takaful Egypt.

You don`t have to do it alone. We are here to help you work out what level of income to aim for and find a practical way to achieve it. From the more aggressive investments you might prefer in your younger years, to lower-risk once you are further along, we`ll help you convert this savings into retirement income in a way that`s stress-free. Our Waad Al-Istiqrar plan is designed to help you shape your future, especially your finances. Waad Al-Istiqrar is a Shari`ah Compliant investment plan which can secure your future. Moreover, you have the option to add additional covers for yourself and your family.
We understand that no two people have the same investment need. Financial requirements change from person to person. Hence, Waad Al-Istiqrar plan is designed to offer you maximum flexibility with your investment. You can invest by either regular or single contributions in any one of the Shari`ah-compliant funds or allocate your contributions to a range of lucrative funds in a proportion that suits your short or long term investment objectives.
  • If you feel that the fund you have chosen is not up to your expectations and not performing well due to the market’s condition, you can switch to another fund without any hassle. Waad Al-Istiqrar allows you one switch free of charge, between the available fund options every year.
Waad Al-Istiqrar CELEBRATES your lifetime achievements through its First Achieve Bonus benefit program. If you accomplish any one of the following events before turning 50 years old, you will get 10% of your first annual paid premium:
  • Get married.
  • When your child is born.
  • Perform Hajj.
  • Perform Umrah.
  • Complete post graduate degree.
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.
Based on the investment term you chose for your Waad Al-Istiqrar scheme, you are entitled to receive your fund’s full value at the time of its maturity, either as a lump sum or as annuities distributed over10, 15, or 20 years. This value will include all your booster`s contributions.
Monthly Contribution : EGP 2000 Age at Entry : 30 years Contribution Frequency : Annual Plan Term : 20 years

Maturity Fund Value
return @10% return @12%
1,279,996 1,613,320


Annuity Options return of 10% Return of 12%
Annuities for 10 year 208,313 285,532
Annuities for 15 years 168,286 236,874
Annuities for 20 years 150,348 215,989


This is only an illustration based on a net annual growth rate of 10%, 12%. Final figures will be based on the actual profit participation rates
Waad Al-Istiqrar allows you the option to make partial withdrawals from your investment account anytime of emergency, 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.
Everybody wants to live happily ever after, like in fairytale. Unfortunately, we don’t have any control over the future. However, by preparing for eventualities, you can minimize their impact on your loved ones’ lives. Thus, our Waad Al-Istiqrar plan provides you with full Takaful coverage that is designed to give you and your loved ones a reliable security plan. God forbid you should ever be faced with the unfortunate occurrence of a death, Waad Al-Istiqrar will pay out the cover amount to the designated beneficiaries.

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. Moreover, to add to the flexibility of your plan, Waad Al-Istiqrar plan also gives you the option to compliment your investment scheme with additional Takaful protection benefits. The optional riders can be attached to and made part of your retirement plan:
  • Family Income Benefit (FIB): Because the good life you lead should last a lifetime, Waad Al-Istiqrar provides your loved ones with yearly income for up to 10 years in case of the untimely death or total permanent disability of the covered person. You will double this amount Double Family Income in case of accident due to Hajj or Umrah.
  • Waiver of Contribution (WOC) In addition, you will enjoy a waiver of contribution benefit in the unfortunate event of Total Permanent Disability while the other policy`s benefits continued.
  • Total Permanent or Partial Permanent Disability Benefit This benefit offers to pay a defined amount in case of total permanent or partial permanent disability due to an accident or sickness.
  • Critical Illness Benefit (CI) Some illnesses are critical. They not only alter one`s life pattern, but also result in a financial drain. LIBANO-SUISSE Takaful Critical Illness Benefit softens the impact on the family by paying out the Critical Illness Benefit under the Plan as a lump sum, while other policy benefits continue. We cover 11 critical illnesses. The major illnesses covered under this benefit are Heart Attack, Coronary Artery Bypass Surgery, Renal Failure, Cancer, Major Organ Transplant, Multiple Sclerosis, Blindness, Paralysis, Parkinson`s disease and Liver Cirrhosis.
  • Terminal Illness: Only Waad Al-Istiqrar offers a Takaful protection plan for Terminal Illnesses by providing you with a lump-sum payment in the unfortunate event of the covered person being diagnosed with a terminal illness.
  • 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 like revolution, riot, wars, and many rebellion actions which we can’t expect. It’s always good to hope for the best but sometimes accidents can happen but we have to be cautious, so LIBANO-SUISSE Takaful is providing the Passive War & Terror additional coverage, which provide 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 with you; but we also go the extra mile to guarantee you complete transparency and security. We also entitle you to receive up to 50% of your fund’s distributable surplus, if there is any. Therefore, we have regulated Waad Al Istiqrar for it to be Takaful Sharia’h Compliant and fully compatible with the Shariah
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.
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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