Noor Prosave Family Takaful Plan

What is this product about?

Important Notice

Participating In A Family Takaful Plan Is A Long Term Financial Commitment. You Must Choose The Type Of Plan That Best Suits Your Personal Needs. You Should Read And Understand The Takaful Certificate And Discuss With The Agent Or Contact Noor Takaful Directly For More Information.

This plan is designed as a convenient micro-savings investment scheme to assist members of the society in the informal sector in building substantial capital sum through regular savings of small amounts on a daily, weekly, monthly or annual basis.

What are the covers/benefits provided?

In the event of death of Takaful Participant before the Takaful Certificate matures, a lump sum payment of the Sum Covered (N25,000.00) plus the amount accumulated in the PIA, inclusive of investment income from the PIA is payable to the Nominee.

Takaful Certificate Maturity Benefit

Amount accumulated in the PIA, inclusive of investment income from the PIA and distributable mortality surplus from the Participant Risk Fund, if any, is payable upon maturity.

Takaful Certificate Surrender

Benefit Amount accumulated in the PIA, inclusive of investment income from the PIA after deducting the administration fee up to N2,500.00, is payable upon the surrender of the Takaful Certificate.