Thamarat Scheme

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It is a satisfying moment when you receive the rewards for your hard work.

Whether it is an annual bonus at work, profit from the sale of a business or a windfall gain - receiving a lump sum immediately opens up opportunities. With careful planning you can ensure that your good fortune isn't merely a one-off financial boost, but the start of an investment which will grow substantially in the years ahead.

Allianz Takaful Thamarat Scheme, a Shari'ah compliant family takaful plan, allows you to invest your money prudently. The scheme is a wealth creation vehicle for you and your family - and can help you realise that dream a new home or car, starting your own business, or just enjoying that holiday that you have wanted.

The Thamarat Scheme answers the needs of high net worth individuals and professionals who want good alternative savings instrument.

Key Features of Allianz Takaful Thamarat Scheme

Extremely low fees and charges

Offers various attractive investment funds from reputable fund managers that can be tailored to suit your risk and return preferences

Easy Liquidity - Allows partial and full withdrawals without high charges and penalties

Flexibility - Accommodates changes to plan to better reflect your changing personal and family situation

How does the plan work?

Your Single Contribution, after deduction of minimal Wakalah fees, goes into your own account called the Participant Investment Account or PIA. Your accounts value is based on one or more underlying investment fund(s) of your choice. Units to your PIA are allocated depending on the price of units for each underlying fund. The cash value of your policy is, therefore, the total value of units that you hold in your Participant Investment Account.

On a monthly basis, you donate part of your contribution to a common takaful pool called Participants Risk Fund. This is done through cancellation of units from your Participant Investment Account. Your selected benefits, including Life Cover, are paid from said Participants Risk Fund. The Wakalah fees for policy administration and fund management are priced in the unit prices.

Takaful Protection

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.

Two death benefit options are available:

Death 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
Death benefit equals the amount of Life Cover or the outstanding value of PIA, whichever is higher, plus the share on surplus on the PRF, if any.

In case of emergency…

You never know when you may require money for some emergency expenditure. Allianz Takaful Thamarat 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 USD1,000 / BHD350. You also have the option to fully withdraw the amount in the PIA anytime during the policy term after completion of 1 policy year.

Fund Options

Allianz Takaful offers you a wide array of investments funds that are all Shariah compliant. You can choose to invest fully in any one fund or allocate your contributions into the various funds in a proportion that suits your investment needs.

Supplemental Benefits

Allianz Takaful offers optional riders that can be attached to and made part of your Thamarat Scheme plan, including the following:

Accidental Death Benefit (ADB)
Critical Illness Benefit (CIB)
Permanent Partial Disability Benefit (PPD)
Permanent Total Disability Benefit (PTD)

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