Introducing RAKBANK's Hyat Superior a Family Takaful plan tailored to secure your loved ones. Experience peace of mind with RAKislamic banking solutions in UAE.


Hyat Superior | Whole Life Takaful Plan | RAKislamic

Hyat Superior Whole Life Takaful Plan

Hyat Superior (Whole Life Takaful Plan)

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Hyat Superior Whole Life Takaful Plan - Terminal illness cover

In case of a diagnosis of terminal illness with a life expectancy of less than 12 months, you can receive a lump sum payment.
 
 If the Benefit is paid, the Plan ends.

Terminal illness cover

Access to Sharia-compliant global fund houses

Terms And Conditions

Terms and Conditions

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Easy withdrawals & contribution changes

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With Salary Transfer

The Plan carries the following risks: 
<ul>
<li>The fund values, the encashment values and the growth rate shown are for illustrative purposes only. These are not a guarantee of future performance. </li>
<li class="epi-form-container__section__label-container">The value of your Plan and the period that benefits can be sustained is not guaranteed. It depends on the investment performance and the currency exchange rates of the Investment Funds. Unit values may fall as well as rise and you may not get back the sum you have invested. </li>
<li class="epi-form-container__section__label-container">Your Plan may invest in a range of Investment Funds which carry different levels of risk. Selecting the Investment Fund or the level of risk associated is purely your decision. </li>
<li class="epi-form-container__section__label-container">No written or verbal communication from anyone representing SALAMA constitutes financial advice. </li>
<li class="epi-form-container__section__label-container">Benefit is not payable if the information provided by you in the Application Form or any other written statement or Declaration is not correct or complete. </li>
<li class="epi-form-container__section__label-container">Benefit is not payable if the event covered is contributed to or caused by one of the exclusions specified in the Plan. </li>
<li class="epi-form-container__section__label-container">Claim is not payable if we do not receive the proof that we need about the events resulting in the claim. We may not pay a claim if we do not have proof of title of Benefits. </li>
</ul>

Risks and Limitations 

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Fees

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Eligibility

Age and Term Limits:

* percentage of the first year's annualised contribution is deducted each month for the first 5 years.
** or (USD 11) by means of deducting units from the Personal Investment Account using the unit price
&nbsp;
Other fees:
<ul>
<li style="font-weight: 400;" aria-level="1">Takaful Donation (Tabarru&rsquo;): Charged on a monthly basis by deducting units at the unit price from the Personal Investment Account. The cost of protection benefit will depend on, or a combination of, the following factors: Age, occupation, health status of a covered member, amount of benefit and plan term.</li>
<li style="font-weight: 400;" aria-level="1">&nbsp;Wakala Fee: A percentage of Takaful donation charged on a monthly basis by means of deducting units from the Personal Investment Account using the unit price. Maximum Wakala fee at any time during plan term is 15% of the Takaful donation.</li>
<li style="font-weight: 400;" aria-level="1">&nbsp;All investment funds will be subject to charges by external funds manager of each fund.</li>
</ul>

Eligibility & Fees

Peace of mind for the family

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Establishment charge

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Important Information

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Download the RAKBANK App and apply instantly

Apply through the RAKBANK App

Hyat Superior Whole Life Takaful Plan - Optional benefits available

Accidental Death: In case of your unfortunate death due to an accident, your beneficiary can receive an additional lump sum payment. 

Permanent and Total Disability: You can get a guaranteed lump sum payment in case of Permanent and Total Disability (PTD) due to accident or sickness. If PTD claim is paid, the Family Takaful cover will be reduced by the amount paid. 

Waiver of Contribution: In case of unfortunate permanent and total disability, SALAMA will continue paying for all the remaining regular contributions to guarantee that the Plan remains in force. 

Critical Illness: You can avail a guaranteed lump sum payment if you’re diagnosed with any of the 36 covered critical illnesses 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. 

Family Income Benefit: In case of your unfortunate death, this provides fix annuity payments to your family for a period chosen by you, between 1 and 40 years. 

Hospitalisation Income Benefit: In case of your hospitalisation for a continuous period of over 3 days, you can get a fixed income payable for each day (up to 30 days per year). 

Accidental Total or Partial Permanent Disability (Accidental Dismemberment Benefit): You can receive a guaranteed lump sum payment in case of Permanent Partial or Total Disability due to an accident. The benefit amount is scaled and is linked to a predetermined list of disabilities.

Optional Benefits Available

Optional benefits available

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RAKBANK presents Idikhar Plus Takaful, savings plan blending tradition with modern financial security. Explore the benefits at RAKBANK from RAKislamic, UAE.


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Idikhar Plus

Assisting you to achieve your savings goals

Takaful Idikhar Plus Savings Plan

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Plan fee (per month)

Hyat Superior Whole Life Takaful Plan - Easy claims submission

Our takaful partner, SALAMA, makes your claim submission as simple as possible, ensuring that you have the right support to quickly make a claim – anytime, anywhere. 

Claims Department – SALAMA 

PO Box: 10214, Dubai, United Arab Emirates 

Tel: 800725262 (SALAMA), 9:00 am to 6:00 pm, Mondays to Fridays 

Fax: +971 4 3577007 

Email: claims@salamalife.ae

Easy claims submission

Terms and Conditions Notification

Hyat Superior Whole Life Takaful Plan - Family Takaful Cover

In case of your unfortunate death, your chosen beneficiary can receive a lump sum payment (no limit for maximum cover). 

 If the Benefit is paid, the Plan ends.

Family Takaful cover

Allocation charge (on contributions received in years 2 to 5)

Allocation charge 

AED 5,000-19,999

AED 10,000-14,999

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Product Brochure

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Features

Enjoy a unique combination of protection benefits and financial growth for your family or business.
Receive a lifetime of security and benefits such as protection until the age of 100, access to Sharia-compliant global fund houses, and managed SALAMA investment strategies. Enjoy various optional benefits to suit your needs with easy withdrawals and premium charges.

Lifetime Takaful with savings potential

<ul>
<li style="font-weight: 400;" aria-level="1">Age of issue: 18 to 74 years old </li>
<li style="font-weight: 400;" aria-level="1">Age at maturity: 100 years old </li>
<li style="font-weight: 400;" aria-level="1">Plan availability: UAE residents&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Plan options: Individual or corporate entity</li>
<li style="font-weight: 400;" aria-level="1">Policy currency: AED</li>
<li style="font-weight: 400;" aria-level="1">Payment method: Direct debit from your account or credit card</li>
<li>Contribution frequency: Annually, semi-annually, quarterly, monthly</li>
</ul>

Salaried individuals

Lifetime protection until age 100

<ul>
<li>Click to download <a href="/globalassets/rakbank/all-pdfs/001---archive/family-landing-page/hyat-superior-product-brochure.pdf?MOD=AJPERES&amp;CVID=nNFSVIG" target="_blank" rel="noopener">Product Brochure</a></li>
<li>Click to download <a href="/globalassets/rakbank/all-pdfs/hyat-superior_tc_fte-tc-hyatsuperior.pdf?MOD=AJPERES&amp;CVID=nNFUzCR" target="_blank" rel="noopener">Terms and Conditions</a></li>
</ul>

Important Documents 

Benefits

AED 30,000 & above

Not sure about something? Check our frequently asked questions to find what you’re looking for.

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FAQs

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Fund management charge (% of fund value-deducted on a monthly basis)

Fund management charge

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Hemayati Plus Family Takaful

 Sharia-compliant Family Takaful Plan with bonus

<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>