Dawood Family Takaful Ltd.

Dawood Family Takaful Ltd

Dawood Family Takaful Ltd (DFTL) is amongst pioneers in the

field of Family Takaful business in Pakistan. Family Takaful (or Islamic Life Insurance) is a new field, recently introduced by Securities & Exchange Commission of Pakistan. At DFTL we have a vision to aspire to be the preferred provider of Islamic financial protection services. We aim to provide these services based on Islamic values. We strive to help our valued customers/partners by establishing a savings and protection funds in a view to comfort their loved ones. The pro-active measure ensures them security and certainty as it provides monetary relief in the event of a misfortune, further it creates a habit of saving amongst one customer/ partners. This, we believe, underlines the importance of our mission.

Vision and mission

Vision The Company will strive to become the

Takaful partner of choice in Pakistan catering to the financial protection, long term savings, retirement and financial planning needs of individuals, businesses, and the public sector, in full conformity with Sharia principles. Mission Statement To be recognized as a reputable, profitable, Sharia driven Family Takaful operator offering innovative financial solutions to its clients through best in class talent, technology and distribution power.

Shariah Supervisory Board

The Shari'ah Advisors consist of eminent Islamic

economic and financial scholars. The Shari'ah Advisors will advise the management company on matters relating to Shari'ah Compliance and recommend general investment guidelines, consistent with the Shari'ah. Any verdict issued by the Shari'ah Advisors in relation to any Shari'ah related matter would be final and acceptable by the Trustee, the management company and other parties related with the matter.

Shari'ah Advisory Board

Professor Mufti Munib ur Rehman (Chairman)
Mufti Syed Sabir Hussain (Member) Mufti Syed Zahid Siraj

SPONSORS
First Dawood Group First Dawood Group ("FDG") represents a branch of the reputable

Dawood family, which is one of the well known business groups in Pakistan. FDG has the experience of operating financial institutions namely Dawood Islamic Bank Limited, B.R.R. Guardian Modaraba, First Dawood Investment Bank Ltd and Dawood Capital Management Limited (manager of Dawood Money Market Fund, First Dawood Mutual Fund and Dawood Islamic Fund). FDG is further diversifying its operations through joint venture arrangements by setting up Wind Power generation project. The increasing presence of the group in the financial sector is likely to strengthen its franchise value and provide synergetic benefits. The Chairman of FDG, Mr. Rafique Dawood, is an MBA from Harvard Business School and has had extensive exposure to business, having held senior management positions with various family concerns both in Pakistan and abroad.

OTHER MAJOR SHAREHOLDERS

Bank of Khyber Gulf Cap (Dubai)
Habib Metropolitan Bank Limited Allied Bank Limited

Dawood Equities Limited

WE Financial Services Limited

Products of takaful
Individual Family Takaful
Sukoon Salamti

ENDOWMENT FOR RETIREMENT FINANCIAL PROTECTION & SAVINGS

GROWTH Samar CHILD EDUCATION and MARRIAGE PLAN START SAVING TODAY FOR A SECURE TOMORROW Bancatakaful Kafeel Family Takaful Plan Secure your future without compromising your faith

 Group Family Takaful

Group Term Takaful Scheme Group Credit Takaful Scheme

Group Personal Accident Scheme

Individual Family Takaful

In view to remain competative, we shall continue to

introduce innovative and market based customercentric Family Takaful products, catering to both groups and individuals that would feature distinctly from other protection plans available in the market. . Each product may be extended to include supplementary benefits which are optional:

Sukoon ENDOWMENT FOR RETIREMENT

Plan your retirement days with Sukoon, a plan that

gives you the benefits of financial protection to address your future requirements and fulfills your desire to grow savings in accordance with shariah principles. Sukoon has a unique competitive edge in terms of contribution paying term for a period of 10 or 15 years and get the coverage till maturity at the age of 60 or 65. Sukoon provides endowment benefit at retirement, or in case of earlier Death pays such benefits to your dependants.

Salamti FINANCIAL PROTECTION & SAVINGS GROWTH

Change is the essence of Life. Some changes make your

life colorful but sometimes a change can be quite challenging. Now you can prepare yourself for change by participating in our Salamti Takaful plan which provides you with both Financial protection & savings growth in accordance with Shariah. You can choose any term of payment from 10 to 30 years up to maximum maturity age of 65 years. Salamti gives you peace of mind because your beloved ones are secured financially for the future.

Samar CHILD EDUCATION and MARRIAGE PLAN START SAVING TODAY FOR A SECURE TOMORROW

Samar is a unique Shariah Compliant plan which

accumulates funds for your childs Education / Marriage and at the same time provides your family the protection in case of an unforeseen event.It has 3 inbuilt features of Family Income benefit, Plan continuation benefit & Accidental death benefit.

Secure your future without compromising your faith

We understand that the security and well being of your

loved ones is your top priority. Keeping your comfort in mind, Dawood Family Takaful Limited (DFTL) has tied up with RBS Islamic Division to bring to you a specialized plan that helps you today for your tomorrow. It protects your future against any unforeseen events like death, disease or disability that may befall upon you or your family, while safeguarding your faith at the same time." Kafeel- Family Takaful Plan is a Shariah Compliant protection and Investment Plan that allows you to accumulate your savings for the future and ensures that funds are available for you and your family whenever needed.

Supplementary Benefits (Optional)

Accidental Death and Disablement benefit (ADDB)
Total Permanent Disablement (TPD) Waiver of Contribution (WOC)

Critical Illness (CI)

Family Income Benefit (FIB) Family Protection Benefit (FPB) Funeral Expense Benefit (FEB) Accidental Death Benefit (ADB) Additional Takaful Benefit (ATB)

Group Family Takaful

In view to remain competitive, we shall continue to

introduce innovative and market based customercentric Family Takaful products, catering to both groups and individuals that would feature distinctly from other protection plans available in the market. Initially there are three basic products available for group participation. Each product may be extended to include supplementary benefits which are optional:

Group Term Takaful Scheme

This cover is normally taken by an employer for the

protection of its employees, or by an organization for the benefit of its members in the event of death. The amount of sum covered per person is determined either according to agreed categories of employment/membership, or may be level across the board.

Group Credit Takaful Scheme

This cover protects financial institution on the

facilities provided to its customer. In the event of death or disability of a customer, the financial institution will be indemnified on the amount of outstanding balance (including profit) without the hassle of recovery from the deceased family.

Group Personal Accident Scheme

This product has been developed to provide

economical coverage to participants. Under this cover if any person covered dies due to accidental means within ninety (90) days of such accident and sustained injuries are solely and independently caused by external, violent and purely accidental means, compensation will be paid to the Participant for benefit of his/her beneficiries.

Supplementary Benefits (Optional)

Accidental Death Benefit
Accidental Disability Benefits - Permanent partial Disability

- Permanent Total Disability

- Temporary Total Disability Natural Disability

Benefit Accidental Hospitalization Benefit

Family Takaful Coverage as on 30 September 2011

Particulars No. of Life Covered Total Life Sum Cover Average Per Life Sum Cover Total Accidental Sum Cover Average Per Life Sum Cover Amount in Rupees 35,322 14,182,767,784 Over 400,000 12,803,142,000 362,000

Group Claims Requirements

Group Claims Requirements Death claims: Death Claim form Last Attending Physicians Statement Employers Statement. Attested photo-copy of Certificate of Death issued by Local Body/ NADRA or Hospital. If the death caused due to the Accident, Suicide or Homicide, the following additional documents should be submitted to DFTL: (a) Attested photo- copy of FIR or Police Report containing full details as to how when and where the incident took place OR/AND (b) Original or attested photo copy of Postmortem Report.> Attested photo-copy of the CNIC of Person Covered Any other document required by DFTL.

Accidental Disability
Claims Forms Accidental Claim Form:

Ensure that all the required information provided and signed by the employer/ authorized officer

Attending Surgeons Statement

This form is to be filled-in by last attending physician / surgeon/ clinic/ Hospital where Person Covered was treated

Employee Statement

This form to be filled-in by the covered person/employee himself. Please mention date, place, time and circumstances under which accident happened with name of witnesses.

Natural Disability
Claims Forms Natural Disability Claim Form:

Ensure that all the required information is provided and it is signed by the employer/ authorized officer
Attending Surgeons Statement

This form is to be filled-in by last attending Physician / Clinic / Hospital of the employee
Employee Statement

This form is to be filled-in by employee himself

Individual Claim Requirements

Under Individual Family Takaful Certificates

depending upon the nature of claim (Death, Disability or Critical Illness) following person should fill and sign the Claim Form:Death Claim:- Nominee, Assignee or Guardian (if nominee is minor). Disability Claim:- Participant. Critical Illness:- Participant. Under Death Claims only, if more than one nominees have been named, fill separate forms by each nominee.