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Ameen and Ameen Prime

Introducing Ameen and Ameen Prime – brought to you by RAKBANK and offered by Takaful Emarat.
The key to a life free from worry is proper planning. Start planning today for tomorrow, and protect yourself and your loved ones from life’s unexpected events while also saving regularly for your future needs.

 

Ameen and Ameen Prime are two such Sharia compliant unit-linked plans that will ensure peace-of-mind

  • Death Benefit with Passive war risk– A benefit that provides a lump sum payment in the event of death due to any cause (natural or accidental) of the Covered Individual during the term of the Plan.
  • Travel Takaful Cover – A benefit that provides free of cost travel protection to the Covered Individual and his family.
  • Terminal Illness Cover – A benefit that provides the coverage amount upfront to the Covered Individual in case of a life threatening disease.
  • Involuntary Loss of Employment – A benefit wherein the Company would pay the monthly contribution or AED 5,000/- whichever is less on behalf of the Covered Individual in case of  involuntary loss of employment during the first 24 months of the Contract.
  • Free increase in Accidental Death Benefit, Partial Permanent Disability Benefit due to accident and Common Carrier Coverage Amount – A benefit that increases the coverage amount at no additional cost if contributions for the optional riders are paid regularly.

The Plan also provides you an opportunity to enhance your protection with optional Takaful benefits like:

  • Critical Illness Cover (40 critical illnesses covered)
  • Total and Permanent Disability (Own Occupation)
  • Waiver of Contribution in case of Total Permanent Disability (Own Occupation)
  • Family Income Benefit
  • Remittance Cover for dependent family
  • Additional Accidental Death Benefit
  • Additional Death Benefit for Hajj & Umrah
  • Permanent Partial Disability caused due to an Accident
  • Hospital Cash Benefit
  • Indexation of Sum Cover (i.e. automatic increase)
  • Common Carrier Coverage
  • Worldwide Coverage.(Restricted to UAE in case of Involuntary Loss of Employment and Hospital Cash Benefit; Saudi Arabia in case of Hajj Travel Takaful)
  • Plan term that extends till age 100
  • Flexibility of payment term from 3 years till Plan term.
  • Plan Ownership: Plan may be owned by an individual or corporate entity.
  • Plan Currency: AED and USD.
  • Payment Frequency: Monthly, Quarterly, Semi-Annual & Annual.
  • Withdrawal Options: Full encashment and Partial withdrawal subject to Plan terms.
  • Payment Methods: Direct Debit from your RAKBANK Account, Credit Card or Cheque.
  • Wide range of Sharia compliant investment funds.
  • Flexible Protection.
  • Loyalty Bonus / Guaranteed Bonus Allocation.
  •  RAKBANK customers with valid UAE residency at the time of applying for the Plan
  • Eligible age groups for entry into the Plans are 18 years to 79 years.
  • Maximum age at end of the Plan is 100 years.

Takaful is offered by Takaful Emarat – Insurance (P.S.C) for RAKBANK customers and is subject to their approval. Terms and Conditions of the Takaful Policy shall apply.  This is for your information only and RAKBANK is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Takaful being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the customer taking the Takaful.

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