Allianz Takaful Ghina Plan a rewarding future
Our Ghina Scheme is a single contribution, unit-linked, family takaful plan that provides a unique vehicle of wealth creation to high net worth individuals.
Enrich your Prosperity No person with good investment sense would leave his or her wealth idle when it can earn good returns and secure his or her future. That s where you can count on Allianz Takaful and Barwa Bank to grow your surplus money from bonus, business profits, sale of assets or even from a raffle win and assure you the peace of mind of takaful life cover. Our Ghina Scheme is a single contribution, unit-linked, family takaful plan that provides a unique vehicle of wealth creation to high net worth individuals. It allows you to invest your lump sum money prudently and also provides the benefits of takaful cover for you and your loved ones.
Your key benefits with the Ghina Scheme Single contribution takaful investment plan Offers higher returns by investing in unit-linked funds Flexible investment terms Choice of Shari ah-compliant investment funds with access to global and emerging markets Extremely low fees and charges Takaful life protection cover for the Participant and family Full or partial money withdrawal option after the lock-in period Additional protection benefits with rider options
You have a choice of flexible investment terms Depending on your specific investment requirement, you can choose from plans with terms ranging from five to 40 years. So, if you need a lump sum amount in the near future or a large sum of money after a decade, the Ghina Scheme can fulfil your needs with a plan that best suits your needs. You have a choice of attractive investment funds We understand that no two people have the same investment need. Financial requirements change from person to person. Hence, the Ghina Scheme is designed to offer you maximum flexibility with your investment. You can invest fully in any one of the Shari ahcompliant funds or allocate your contributions to a range of lucrative funds in a proportion that suits your short-term or long-term investment objectives. Please refer to Funds Brochures for full details.
You can switch between funds easily If you feel that a fund which you have chosen is not performing to your expectations due to the market conditions, you can switch from it to another fund without any hassles. The Ghina Scheme allows you six free switches between the available fund options every contract year. We ll protect you and your family We ll protect you and your family. Everybody wants to live happily ever after. Unfortunately, we don t have any control over the future events. However, by preparing for any eventuality you can minimise their impact on your loved ones lives. Thus, Ghina Scheme provides Takaful cover giving you and your loved ones reliable life protection. In the unfortunate event of premature demise (God forbid), Ghina Scheme will pay out of the Participants Risk Fund the Life Cover amount to the designated beneficiaries. The Takaful cover benefit option is available to you: Benefit equals the amount of Life Cover plus the outstanding value of Participant Investment Account (PIA) and share on surplus on the Participants Risk Fund (PRF), if any
Easy settlement on your plan s maturity Based on the investment term chosen for your Ghina Scheme, you are entitled to receive your full fund value at the time of maturity. Convenience of partial money withdrawal option Nobody can predict an emergency. And when it happens, what you need most is a trustworthy friend. That is why we have designed the Ghina Scheme as simple as an ordinary savings account. When you want your money to meet emergencies, you can have it easily. The Ghina Scheme allows you the option to make partial withdrawals from your Participant Investment Account (PIA) anytime after completion of 1 policy year, subject to maintaining a minimum PIA balance of USD 1,000 or QAR 3,600 or amount of surrender charges at time of partial redemption whichever is higher. You are free to surrender your scheme Ghina Scheme won t lock-in your money until the maturity date. We understand that there may be times when you need all your money back to meet emergencies. So you also have the option to fully withdraw the amount in the PIA anytime during the policy term subject to applicable surrender charges.
Your additional cover benefits with riders Adding to the flexibility of your plan, the Ghina Scheme also gives you the option to customize your investment scheme with riders to enjoy additional protection benefits. The optional riders can be attached to and made part of your investment plan, including the following: 1. Accidental Death Benefit 2. Critical Illness Benefit 3. Permanent Partial Disability Benefit (PPD) 4. Permanent Total Disability Benefit (PTD) Rider charges of the opted riders will be recovered by the cancellation of units. Please refer to your policy for complete rider specifications.
An illustrative example for your Ghina plan Single contribution: USD 25,000 Age at entry: 30 years Payment frequency: Single Plan Term Maturity value 5% return Maturity value 9% return Life Cover Age at entry Single contribution 5 years 28,161 34,027-30 years USD 25,000 10 years 33,000 48,338-30 years USD 25,000 The given illustrations are for a healthy male with zero life cover option. The given maturity values are net of all charges. Since your plan offers variable returns, the given illustration shows two different rates (5% p.a. & 9% p.a.) of assumed future investment returns. Adherence to your principles Takaful, which means guaranteeing each other, observes the rules and regulations of Islamic law (Shari ah). Allianz Takaful plans are built on the principles of mutual cooperation and shared responsibilities. By securing an Allianz Takaful product, you cooperate with other Participants for the common good. You, therefore, contribute positively to providing quality of life for all and upholding the dignity of individuals, families, and our society in general. As a participant to the mutual system, you may be eligible to receive a share of any declared surplus from the Participants Takaful Fund.
Distribution of the surplus is in accordance to the company s Surplus Policy as approved by its Shari ah Supervisory Board. We are at your assistance We know that choosing the right investment programmed is not an easy task. Hence, our expert professional Takaful Consultants are available to assist you in structuring a proper financial plan that meets your and your family s financial objectives. You can also feel free to call our Customer Service Personnel anytime for assistance. We are happy to assist you. For more Information Tel: 800 8555 E-mail: bancatakaful@barwabank.com
IMPORTANT NOTICE: This brochure contains only general information. It does not constitute an offer to buy or sell a Takaful plan or service nor is it intended to provide any financial advice. Any person interested in this plan should read and consider its complete Terms and Conditions before making a decision. Please request the same from your Relationship Manager at Barwa Bank.
Barwa Bank Prestige Banking Center 230 C Ring Road, 24 Rawdat Al Khail, Tanween Building, Doha Qatar. Email: bancatakaful@barwabank.com www.barwabank.com Please feel free to call us at 800 8555 Allianz Takaful - QFC Branch C Ring Road- Al Muntazah P.O. Box 200193, Doha, Qatar Office: +974 44039777 Fax: +974 44039799 Email: infoqatar@allianz.com.qa www.allianz.com.bh Your Relationship Manager AZQA-FM-IUL008/BARWA Authorized by the Qatar Financial Center Regulatory Authority (QFCRA) to provide Shari ah compliant family Takaful products.