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Hyat Plus My Family is Secured Financially at a low cost

I AM COVERED TILL AGE 100

Life’s only constant is change. The realities in life are dynamic in nature. It requires you to constantly monitor, review and rebalance your long term goals. Your financial and protection plans also is a part of this cycle. SALAMA’s Hyat Plus plan is designed to help you in mitigating the uncertain events in your life and provide a secure future for your family and for you in your old age.

Benefits

At SALAMA, we believe in offering you solutions and not just products. Hyat Plus can provide you and your family with the money needed should anything unfortunate happen to you. An unexpected mishap will not only impact your present, it will also adversely affect your future plans. You would not want to leave your loved ones unprepared for the future. For example, being the main provider, the income could cease at the time your Family will need it the most. For this reason, Hyat Plus offers Family Takaful Cover and a choice of additional Optional Benefits.

Family Takaful Benefit
A built-in Benefit that provides a lump sum payment if the Covered Member passes away prior to the End Date of the Plan.
If the Benefit is paid, the Plan ends.

Terminal Illness Benefit
This built-in Benefit pays a lump sum payment if the Covered Member is diagnosed as being terminally ill with a life expectancy of less than 12 months within the Plan Term.
If a Terminal Illness claim is paid, the Plan ends.

Optional Protection Benefits
a) Accidental Death Benefit
This optional Benefit provides an additional lump sum where death of the Covered Member is directly and solely because of an accident.
b) Permanent and Total Disability Benefit
This optional Benefit provides a lump sum payment if as a result of a sickness or an accident, the Covered Member becomes Permanently and Totally Disabled, thus losing the ability to work in any occupation.
If a Permanent and Total Disability claim is paid, the Family Takaful cover will be reduced by the amount paid.

c) Waiver of Contribution
This optional Benefit will pay the remaining Regular Contributions on behalf of the Plan Holder if as a result of sickness or accident, the Covered Member becomes Permanently and Totally Disabled and is unable to perform any occupation.

d) Critical Illness Benefit
This optional Benefit provides a lump sum on diagnosis of a critical illness from a predetermined list of 36 diseases subject to a minimum survival period of one month.
If Critical Illness claim is paid, the Family Takaful Cover will be reduced by the amount paid.

e) Family Income Benefit
This optional Benefit provides fix annuity payments to the family upon death of the Covered Member for a period chosen by him between 1 and 40 years.

f) Accidental Total or Partial Permanent Disability (Accidental Dismemberment Benefit)
This optional Benefit provides an additional lump sum payable in the event of accidental bodily injury resulting in total or partial permanent disability such as loss of limb, loss of eyes, etc. The benefit amount is scaled and is linked to predetermined list of disabilities.

g) Hospital Cash Benefit
Under this Optional Benefit a fixed amount is payable for each day (up-to maximum of 30 days per year) in case of Covered Member’s hospitalization for a continuous period of more than 3 days.

The Plan

Hyat Plus - Your benefits explained

  • Hyat Plus provides Family Takaful cover up to the Plan Anniversary up to the 100th birthday of the Covered Member
  • It provides different types of life cover. The ones applicable to you will be specified in your Plan schedule.
  • Single cover - this means that the plan covers one individual and the benefit will be paid out upon that person’s death or happening of a covered event.
  • Dual cover - this means that both lives are covered individually. We will pay out on either life on happening of a covered event. The Plan will continue with full cover on the other person provided the Fund Value is sufficient to cover plan charges.
  • The following is a table of minimum and maximum:
  • Age Product Parameters
    Minimum Maximum
    Age Entry
    18 years 74 years
    Age at Meturity 100 years

    Terms & Conditions apply
    Disclaimer :
    Takaful Plans are offered by SALAMA - Islamic Arab Insurance Co. (P.S.C) All product features, benefits, and returns are offered by the Takaful company and not by Mashreq Al Islami. Mashreq Al Islami shall not be responsible for Takaful provider's actions or decisions, nor shall Mashreq Al Islami be liable regarding payment of claims or services under the takaful contract.
    This product/offer is for Mashreq Customers only.