Saving and Protection Programs

Saving and Protection Programs

Start Your Plan To Save And Protect Your Family

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Saving and Protection Programs

There are several diverse reasons to start a Saving and Protection Plan, which may include:
  1. Investing your savings in a way that is compatible with Islamic Sharia principles to achieve your desired goals in the long term.
  2. Ease of investing in investment funds to achieve long-term growth, starting from 300 riyals per month.
  3. In the event of death or total disability, God forbid, Al Rajhi Takaful Company will pay the agreed protection amount or the investment amount (whichever is higher).

Insurance Features

Applicant age 18 to 59

Sharia compliant

Flexible enrollment

Adaptable savings strategy

Personal path:

  1. Saving amount: starts from 300 riyals per month
  2. Duration: starting from 10 years
  3. Investment fund type: conservative, balanced, growth
  4. Insurance coverage amount: starts from 50 thousand riyals
  5. At the end of the period, you will receive the investment amount, and in the event of death, God forbid, the beneficiaries will receive the full protection amount.

Children's path:

  1. Saving amount: starts from 300 riyals per month
  2. Duration: starting from 10 years
  3. Investment fund type: conservative, balanced, growth
  4. At the end of the period, you will get the investment amount, and in the event of death, God forbid, the payment of contributions will be completed through the Takaful Fund until the specified period, and after the completion of the period, the investment amount will be paid, and this is considered protection in the children’s program

Program advantages:

  1. Flexibility to change all terms of the contract at any time
  2. Changing the subscription value, whether by increase or decrease
  3. Change the protection amount, whether increase or decrease
  4. Changing the type of investment
  5. Change beneficiaries
  6. Partial withdrawal from the investment account of the personal program after 3 years
  7. The ability to add an additional amount to the investment account and withdraw it at any time

Examples of Packages:

                    *Investment amount
Monthly
Contribution in SAR             
Protection
Amount in SAR 
*10 Years *15 Years *20 Years
300 SAR 50,000 SAR 41,498 SAR     71,974 SAR  110,837 SAR 
500 SAR 90,000 SAR 69,024 SAR     119,632 SAR  184,291 SAR
1,000 SAR 125,000 SAR 139,191 SAR   241,556 SAR 371,572 SAR 
3,000 SAR

 

4000,000 SAR

 

413,317 SAR

 

720,317 SAR

 

1,106,416 SAR

 

You can apply easily through

Al Rajhi Mobile App

alrajhi bank app

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You can also apply through the following channels


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You can apply through alrajhi bank Online

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Frequently Asked Questions:

Yes, our P&S is Sharia Compliant (Attach Fatwa).
Yes, additional documents and checks will be required.
For the 4 packages mentioned above, only ID/Iqama number required. For any other package, additional documents may be required.

The benefits are two-fold.1. Protection for family 2. Savings. - Normal savings account will only offer the actual earnings while our plan offers you savings or protection amount (whichever is greater) in case of any unfortunate event -for personal - Normal savings account will only offer the actual earnings while our plan will keep contributing to your savings fund till end of maturity even after your death or any unfortunate event (God Forbid)- for family

Minimum is 5 years and maximum is 20 years.
Legal Heirs or any blood relative.
Yes absolutely. You can choose between funds offering average return of 3%, 5% and 7%.
You will get your accumulated savings amount back.
Minimum is SR 50,000 and maximum can be adjusted as per your requirements.
Can be monthly, quarterly, half yearly and yearly.