Group Credit
Key Benefits
1.
Eliminates risk of loan default in the event of death
2.
Greater financial security gives you the competitive edge
3.
Cost-effective and hassle-free
4.
Financial relief to the affected family
Product Features
- In the event of a member’s death, Takaful Emarat will settle outstanding loan amounts of the borrower to the financial institution
- Based on a group-buying principle that contributes to cost effectiveness
- Choose from Annual, Semi-Annual, or Quarterly payment modes
- Convenient administrative and medical procedures
- Approved by renowned scholars of the Shariah Advisory Board of Takaful Emarat
- Worldwide coverage
- Sharing of surplus from Takaful Pool
- Passive war risk protection available upon request
- Eligible from 18-70 years
- Plan is annually renewable
- Maximum coverage age for death benefit is 75 years and 65 years, for additional Takaful Protection
Additional Benefits
- Permanent Total Disability coverage
- Death due to any cause Including passive war risk
- Permanent Total Disability due to Accident
- Permanent Total Disability due to Sickness
- Terminal Illness
- Critical Illness (Accelerated/Additional)
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