Pak-Qatar Family Takaful Limited, the pioneer of Family Takaful in Pakistan and Qatar’s first direct investment company with 525 million rupees of paid-up capital, has launched its first Individual Family Takaful products in the country, starting with their Share & Care – Savings Takaful and ABC – Education Takaful plans. These plans are the first of its kind to be launched in Pakistan.
The CEO of Pak-Qatar Family Takaful Limited, Mr. P. Ahmed said that Share & Care – Savings Takaful is an ideal plan for families who would like to save smaller amounts of money and accumulate them into large investments for particular future needs like buying a house or providing financial support in old age. Together with the benefit of saving, this plan also offers a financial protection to the family, if their bread-winner should be unable to provide for them in the future due to unfortunate events.
He elaborated that the ABC – Education Takaful Plan was particularly designed for families who want to ensure the continuity of the child’s ongoing education even if the sponsor parent wouldn’t be around. It helps to multiply savings for the ever increasing educational expenses in future. On completion of the membership-term the investment value of the Plan will be paid either as a lump sum or in regular installments to be utilized for the payment of college/university fee.
CEO of Pak-Qatar Family Takaful said that initially Pak-Qatar Family Takaful Limited has established its Head-office in Karachi and branches in Islamabad, Lahore, Kotli, Peshawar, Gujrat and Faisalabad. By the end of 2008 we would have established 16 more branches including in cities such as Sialkot, Multan, Hyderabad, Sukkur and Quetta. Eventually, we plan to create a distribution network throughout every city and town in Pakistan, remarked Mr. Ahmed, thus creating thousands of job-opportunities for people from all walks of life, either being from common or religious educational backgrounds.
He said that risk mitigation and financial protection is something that everybody needs to be concerned about. In order to do this efficiently, a tool that is not only effective in mitigating risks but that also offers impeccable client service and is competitively priced as well as in compliance with ethical and religious beliefs of the majority of the people of Pakistan is needed. That tool is Takaful.
Source: Apna Pakistan Network