Idikhar Plus (Savings Plan)

Whether it's providing for your children's education or enjoying a rewarding retirement, we can help you start your journey to growing wealth. With this Shari’ah compliant savings plan, you can achieve your savings goals and enjoy peace of mind with also provides you with protection benefits.

• Get rewarded with Upfront Bonus Allocation & Loyalty Bonuses 
• Enjoy worldwide coverage and wide range of Sharia compliant investment funds
• Easy withdrawals so you always have access to your savings
• Option to add Lump Sum at any time in addition to regular contributions
• Extra Optional Protection covers designed to meet your needs

Plus, the more you save, the more you get rewarded with Idikhar Plus.

• Family Takaful Cover: In case of your unfortunate death, your chosen beneficiary can receive a lump sum payment (no limit for maximum cover) or the fund value, whichever is higher. If the benefit is paid, the Plan ends.
• Terminal Illness Cover: In case of diagnosis of terminal illness with life expectancy of less than 12 months, you can receive a lump sum payment. If the benefit is paid, the Plan ends.

• Critical Illness Benefit: You can avail a guaranteed lump sum payment if you’re diagnosed from the predetermined list of 36 Critical Illnesses subject to a minimum survival period of one month. If Critical Illness claim is paid, the Family Takaful Cover will be reduced by the amount paid.
• Waiver of Contribution: In case of unfortunate permanent and total disability, SALAMA will continue paying for all the remaining Regular Contributions to guarantee that the plan remains in force.
• Accidental Death: In case of your unfortunate death due to an accident, your chosen beneficiary can receive up an additional lump sum payment. 
• Permanent and Total Disability: You can get a guaranteed lump sum payment in case of Permanent and Total Disability (PTD) due to accident or sickness. If PTD claim is paid, the Family Takaful cover will be reduced by the amount paid.
• Family Income Benefit: In case of your unfortunate death, this provides fix annuity payments to your family for a period chosen by you between 1 and 40 years.
• Hospitalization Income Benefit: In case of your hospitalization for a continuous period of over 3 days, you can get a fixed income payable for each day (up to 30 days per year) 
• Accidental Total or Partial Permanent Disability: You can receive a guaranteed lump sum payment in case of Permanent Partial or Total Disability due to accident incurred within 90 days. The benefit amount is scaled and is linked to predetermined list of disabilities.

• Age of Issue: 18 years to 74 years
• Age at Maturity: 94 years
• Plan Availability: RAKBANK customers holding a valid UAE residence visa
• Payment Term: 5 years to 20 years
• Policy Currency: AED
• Payment Method: Direct Debit to RAKBANK Account, Credit Card
• Contribution Frequency: Annually, Semi-Annually, Quarterly, Monthly

Click here to download Product Brochure.

Click here to download the Terms and Conditions.

Our Insurance Partner, SALAMA, made your claims submission as simple as possible, ensuring that you have the right support to quickly make a claim – anytime, anywhere. 

Claims Department – SALAMA
PO Box 10214, Dubai, United Arab Emirates
Tel: 800725262 (SALAMA), 9AM to 6PM, Sundays to Thursdays
Fax: +971 4 3577007
Email: [email protected]

Idikhar Plus (“Takaful“) is underwritten and issued by SALAMA Islamic Arab Insurance Co. (P.S.C) (“SALAMA”). The Takaful is offered by SALAMA exclusively to RAKBANK RAKislamic customers and is subject to SALAMA’s approval. Terms and Conditions of the Takaful policy shall apply at all times. RAKBANK RAKislamic  is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Takaful being offered by SALAMA and does not accept any liability and shall not be liable for any loss or damage arising directly or indirectly to the customer as a result of subscribing to the Takaful.