Disclaimer
Takaful/Insurance products are offered by renowned international and regional takaful/ insurance companies. All product features, benefits, and returns are offered by the takaful/insurance company and not by Mashreqbank psc. Mashreqbank psc shall not be responsible for takaful/ insurance provider's actions or decisions, nor shall Mashreqbank psc be liable regarding payment of loss/claims or services under the takaful/insurance contract. Insurance is the subject matter of solicitation. Mashreqbank psc is the authorized distributor (as a broker on per sale, commission basis) for SALAMA – Islamic Arab Insurance Company, Sukoon, Sukoon Takaful, Zurich International Life, American Life Insurance Company (MetLife) and Orient Insurance P.J.S.C. Participation for purchase of takaful/Insurance by Mashreq customers shall be purely on voluntary basis. For complete details on the benefits, coverage, terms & conditions and exclusions, customer is advised to read the Key Fact Statement, Terms & Condition (available on Insurer’s website as well) before concluding sale. The contract of takaful/ Insurance is between Insurance/Takaful Company and the insured, and not between Mashreq and the insured. Sukoon Insurance is a subsidiary of Mashreq. Sukoon Insurance is a key stakeholder in Sukoon Takaful. Mashreq Al Islami is the Islamic Window of Mashreqbank PSC.
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If the premiums are stopped in between and if the accumulated account value is positive and greater than one annualized premium the cover will sustain till such period. Kindly refer the key fact document for further details.
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Yes, after you have paid your premium for a certain period you can opt for a premium holiday feature with a written request to the insurance company. You can resume your premium payment after this break. T&Cs apply
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Your policy benefits continue depending on the account value and it is recommended to do your portfolio review on a regular basis.
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After the initial contribution period if your fund value is lower than your annual contribution your policy will be terminated and the fund value will be paid to you or your insurance company will reach out to pay additional premium to sustain the cover.
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Your early encashment or surrender value will be based on the performance of your funds as opted by you. Refer to your policy document and the illustration section
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No, the rates are assumptive and the actual performance could vary depending on the fund choices selected by you. Please refer to the policy document for details.
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Yes, a certain percentage can be withdrawn of your account value. Please refer to the policy document for further details.
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