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Idikhar Plus (Savings Plan)

Invest for tomorrow, apply today!

Reach your savings goals with peace-of-mind


Saving for the future is always a wise decision. It is the surest way to get the things you want and need. The Idikhar Plus - Savings plan can help you save regularly and put your goals within reach.


Brought to you by RAKBANK and offered by SALAMA - Islamic Arab Insurance Company, Idikhar Plus is a Shari’ah-compliant, unit-linked product that not only helps you achieve your savings objectives, but also provides you with protection benefits


Take advantage of all these benefits:

  • Family Takaful Cover:  A built-in Benefit that pays out the Sum Covered or the Fund Value whichever is higher in case the Covered Member passes away prior to the End Date of the Plan.
  • Terminal Illness Benefit: This built-in Benefit pays 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.

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

  • Critical Illness Benefit: This optional Benefit provides a lump sum on diagnosis of a critical illness from a predetermined list of 36 illnesses subject to a minimum survival period of one month. The Critical Illness claim amount, if paid will be reduced from the Family Takaful Cover.
  • Waiver of Contribution: This optional Benefit will pay the remaining Regular Contributions on behalf of the Plan Holder if as a result of sickness or accident, the Covered Member becomes Permanently and Totally Disabled and is unable to perform any occupation.
  • Accidental Death: This optional Benefit provides an additional lump sum where death of the Covered Member is directly and solely because of an accident.
  • Permanent and Total Disability Benefit: This optional Benefit provides a lump sum payment if as a result of a sickness or an accident, the Covered Member becomes Permanently and Totally Disabled, thus losing the ability to work in any occupation. The Permanent and Total Disability claim amount, if paid will be reduced from the Family Takaful cover.
  • Family Income Benefit: This optional Benefit provides fixed annuity payments to the family upon death of the Covered Member for a chosen period between 1 and 40 years subject to a maximum of Contribution Payment Term. The monthly amount required as annuity payments is also chosen by the Covered Member at inception. The annuity payments are payable for the unexpired period of the selected term.
  • Hospital Cash Benefit: Under this Optional Benefit a fixed amount is payable for each day (up-to maximum of 30 days per year) in case of Covered Member’s hospitalization for a continuous period of more than 3 days.
  • Accidental Total or Partial Permanent Disability: This optional Benefit provides an additional lump sum payable in the event of accidental bodily injury incurred within 90 days after the accident resulting in total or partial permanent disability such as loss of limbs, loss of eyes, etc. The benefit amount is scaled and is linked to predetermined list of disabilities.
  • Worldwide Coverage
  • Upfront Bonus Allocation: The bonus allocation applies from first day. The more you save, the more you will be rewarded.
  • Loyalty Bonus: A loyalty bonus is earned every month starting from 3rd year of investment. Loyalty Bonus is allotted (monthly) as a percentage of your total Fund Value.
  • Payment Frequency: Monthly, Quarterly, Semi-Annual or Annual (Change in the frequency is allowed at the Plan anniversary)
  • Payment Methods: Credit Card, or Direct Debit to RAKBANK Account
  • Acceptable Currencies: USD & AED only
  • Withdrawal Options: Full encashment, Partial withdrawal subject to Plan Terms and Conditions
  • Wide range of Sharia compliant investment funds.
  • RAKBANK Customers holding a valid UAE residence visa
  • Eligible age group is 18 years – 74 years
  • Plan term that extends till age 100
  • Payment term: Available payment terms range between 5 years and 25 years
  • Maximum age at end of Plan is 100 years

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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