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Hyat Plus and Hyat Superior (Whole Life Takaful Plan)

A lifetime of coverage.

 

Planning is very important when it comes to safeguarding your future. Hyat Plus and Hyat Superior are two such solutions designed mainly to provide you tailor made flexibility; that will not only help to meet your current needs but also cater to ever evolving future requirements.

  • Family Takaful Cover: A benefit that provides a lump sum payment (no limit for maximum cover) in the event of death of the Covered Member during the Plan Term.
  • Terminal Illness Cover: A benefit that provides a lump sum payment if the Covered Member is diagnosed as being terminally ill with a life expectancy of less than 12 months within the Plan Term.
  • Accidental Death
  • Permanent and Total Disability
  • Critical Illness
  • Family Income Benefit
  • Hospital Cash Benefit
  • Waiver of Contribution
  • Accidental Total or Partial Permanent Disability (Accidental Dismemberment Benefit)
  • Eligible age groups for entry into the Plans are 18 years – 74 years.
  • Maximum age at end of the Plan is 100 years.
  • Worldwide Coverage
  • Payment Frequency: Monthly, Quarterly, Half Yearly and Yearly. ( a change in frequency can be made at any Plan Anniversary)
  • Payment Methods: Direct Debit from your RAKBANK Account, Credit Card, Cheque, Standing order or Demand Draft.
  • Plan Currency: Available in AED and USD.
  • Withdrawal Options: Full encashment and Partial withdrawal subject to Plan Terms and Conditions.
  • Plan Ownership: The Plan can be owned by an individual or a corporate entity.
  • The Covered Member can be a third party (Secure the life of another)

Takaful is offered by Salama Islamic Arab Insurance Co. (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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