Getting married, having a child, caring for parents, planning for retirement, surviving the loss of a loved one - each of these brings responsibility and also a change in your financial focus. As your life changes, our solutions will change with you thus giving you the confidence you need to look after the ones you love.
In your life, you always look forward to certain milestones. Your long term financial planning in life should not stop you from making a plan to ensure availability of funds to meet periodic needs. As a young adult, you have personal goals to achieve and need motivation to get you going. You will require lump-sum in future to help you meet specific expenses at these milestones such as; buying new house, marriage, or children`s education. In addition, we do come across unexpected circumstances in life where we may have to spend a dear sum. Therefore it is essential that we save up in order to tackle these obstacles. Our Waad Al-Injaz is a convenient way for you to save for the future and obtain cash flow.
Waad Al-Injaz Cash Back
An easy way to plan ahead
LIBANO-SUISSE Takaful presenting Waad Al-Injaz plan. Is a unique three in one plan where saving, liquidity and protection are combined to offer you maximum benefit. This plan gives you certain cash-back funds at fixed intervals during the policy term to support your ongoing needs. On maturity date, a lump sum shall be paid to you as a maturity benefit, so you can use as a retirement fund.
Save your money in a much smarter way
Waad Al-Injaz is a Shariah Compliant saving and protection plan offering a regular or single contribution. All Waad Al-Injaz investments are managed by renowned first class Asset-Manager in the region. Moreover, this plan will provide you the freedom to modify your plan to suit your life style needs at every stage of your life.
Designed to meet your different lifestyle
Whether you are graduating, starting a family or planning for retirement,
You should have a sound financial plan to support your goal as well as to prepare for life’s uncertainties. Now is the time to embark on your journey and enjoy those small pleasures by giving you an opportunity to save and grow your money through LIBANO-SUISSE Takaful Waad Al-Injaz new plan.
Illustrative example
Omar is a 27 years old man, who has chosen a 20-year Waad Al-Injaz Cash Back Plan of EGP 300,000 Takaful protection. He will receive 10% of the basic sum protection (that is EGP 30,000) every 4 years.
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1st Cash-Back
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2nd Cash-Back
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3rd Cash-Back
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4th Cash-Back
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Fund value at maturity @10%
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Fund value at maturity @12%
|
|
EGP1500
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20
|
4th Year
|
8th Year
|
12th Year
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16th Year
|
|
30,000
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30,000
|
30,000
|
30,000
|
539,795
|
684,691
|
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 declared by the company at the end of every year
The plan allows choosing the Cash Back intervals every (3, 4, 5, 6 years and etc…)
Convenience of partial money withdrawal option
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-Injaz plan as a simple an ordinary savings account that allows you to easily withdraw money in times of need.
Waad Al-Injaz allows you the option to make partial withdrawals from your Investment Account anytime, up to 80% of your fund value and minimum EGP 1000.
Boost your investment
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.
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.
Celebrate your life Achievements
Waad Al-Injaz CELEBRATES your lifetime`s achievements through its First Achieve Bonus benefit. Accomplish any one of the following events before turning 50 years old, and 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
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.
Total flexibility in your hands - Secure the right protection benefit.
Waad Al-Injaz Takaful Plan will help you in identifying the ideal level of protection that you need now and future. Moreover, you can choose to enhance your plan further with LIBANO-SUISSE Takaful’s additional benefits, designed to complement your growing needs.
- 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-Injaz 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 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.
Takaful Sharia`h compliant
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. Also you are entitled to receive up to 50% of the distributable surplus (if any). Therefore, we have regulated Waad Al-Injaz for it to be Takaful Sharia’h Compliant and fully compatible with the Shariah law.
Why LIBANO-SUISSE Takaful?
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
LIBANO-SUISSE Takaful Egypt
Egyptian Joint Stock Company regulated by law No. 10 of 1981 and registered under the No. (27) In the Egyptian Financial Supervisory Authority.
