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Idikhar Plus

Dreams can mean different things to different people. For some, it could be flying an aircraft or skydiving or building a home of their own; while others may get excited with the idea of their kids graduating from top notch universities.

One thing is sure, in order to make your dreams come true, you should make an effort to plan for them in advance.                                         

With Idikhar Plus, a Sharia-compliant unit-linked takaful plan from SALAMA, we aim to empower you to achieve your financial aspirations as well as keep your family protected against unforeseen circumstances. 

Plan BenefitSavings
Minimum Contribution Payment Term5 years
Minimum Contribution Payment Term25 years
Minimum Age at Entry18 years
Maximum Age at Entry74 years
Maximum Age at Maturity100 years
Family Takaful CoverLump sum payment in the event of death of the Covered Member during the Plan Term
Inbuilt Terminal Illness CoverLump 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
Full/ Partial EncashmentPartial encashment allowed after 3 years’ plan contributions have been received. Full encashment available at any time. Encashment charges apply
Contribution Payment FrequencyMonthly/ Quarterly/ Half Yearly/ Yearly
Plan CurrencyPlan is available in AED and USD
Contribution HolidayContribution holiday for a maximum period of one year is allowed after 3 plan years and subject to SALAMA’s discretion
Free Look Period30 days from the Issue Date
Grace Period90 days from the last contribution due date
Reinstatement Period12 months from the last contribution due date
Scope of CoverWorldwide
  • Accidental Death: Provides additional lump sum where death of the Covered Member is directly and solely because of an accident.
  • Permanent and Total Disability: Provides a lump sum if the Covered Member is permanently and totally disabled due to accident or sickness for a continuous period of at least 180 days.
  • Critical Illness: Provides a lump sum on diagnosis of a critical illness from a predetermined list of covered illnesses.
  • Family Income Benefit: Provides annuity payments to the Covered Member’s family upon his death for the unexpired portion of the period chosen by him at inception between 1 and 40 years.
  • Hospital Cash Benefit: Benefit pays a fixed amount chosen by the client for each day that is spent in hospital by the Covered Member subject to a maximum of 30 days every year.
  • Waiver of Contribution: Benefit waives Regular Contributions where Covered Member is permanently and totally disabled due to accident or sickness for a continuous period of at least 180 days.
  • Accidental Total or Partial Permanent Disability: Benefit pays a fixed amount if the Covered Member accidentally suffers from any bodily injury within 90 days of the accident. 
  • Application Form fully completed and signed by the Covered Member
  • Valid Illustration signed by the Covered Member, Plan Holder
  • Passport Copy with valid Visa page and copy of valid Emirates ID card (front & back side)
  • Proof of payment and future funding method
  • Medical and financial underwriting requirements will be taken on case to case basis
  • CBD customers with valid UAE/GCC resident visa or holding UAE  nationality are eligible to apply
  • Age at entry: between 18 and 74 years

In case of a claim, the beneficiary may call or write to SALAMA. Address:

Family Takaful, P.O. Box 10214, Dubai, United Arab Emirates
Tel No: + 971 4 407 9999
Fax No: + 971 4 357 7007

SALAMA will release the appropriate claim form and required documentation after initial assessment/verification of the claim notification.

Yes. Plan holder can be a beneficiary if there is an insurable interest between both parties.
In order to keep the plan in force, you can continue paying your plan contributions where ever you are through Telegraphic Transfer into SALAMA’s account quoting the complete Plan number in the narration. You will have to intimate SALAMA with the swift copy of the transfer.

The following charges are applicable:

  • Discounted plan fee of AED 20 or USD 5.5 charged monthly for first five years and AED 30 or USD 8 from 6th Plan Year onwards monthly. 
  • Takaful donation: Charged on a monthly basis depending on cover amount, age, occupation, health status of a covered member and plan term.
  • Wakalah fee: 15% of Takaful donation
  • Management Fee: 0.145834% monthly of the Fund value.
  • Establishment charge as a percentage of first year contribution is charged on monthly basis up to contribution payment term as per following table:

    Contribution Term (Years)Establishment Charges Each Plan Year Till Contribution Payment Term
    1st Year2nd Year3rd Year4th Year +
    5 - 95.50%6.50%6.50%6.50%
    10 - 255.00%5.50%6.00%6.50%
Partial withdrawal can be made after 3 years contributions have been paid. Full encashment can be availed any time after the Plan has been issued subject to encashment charges during contribution payment term.
The Plan can be reinstated subject to a request being made within twelve months from the due date of the last unpaid contribution. The request will include a health declaration and all outstanding contributions will have to be paid. The Operator at its discretion may raise any other requirements it deems appropriate.
The bonus allocated shall be fully (during first three years) or partially (during plan years four and five) deducted if the plan becomes paid-up during first 5 years.
If client stops paying regular contributions, the Plan becomes paid up after 90 days of due date of contribution. The client has an option to reinstate the Plan within 12 months of the Plan becoming paid up.
Annually. A unit account statement is sent to the Plan Holder after each plan anniversary. Plan holder can request the same via registered email address and a response will be given.
Yes! If a claim is made under optional benefits of CI or PTD, the Family Takaful Benefit is reduced by the amount of the claim. If the Plan Holder dies,-the Plan ends.
Monthly, Quarterly, Half Yearly, Yearly
Under the savings Plan, the Plan Holder has the option of making regular contributions only. However, the Plan Holder can also make additional single contributions into the Personal Investment Account besides also paying the regular contributions.
After the Plan has been in force for three years, the Plan Holder may request in writing a Contribution holiday for one year. The holiday will be granted if the value of the Personal Investment Account is deemed appropriate at the Operator’s discretion. This option will be available only once during the term of the Plan. The bonus allocated shall be partially deducted if Contribution Holiday is availed during Plan Years four or five. The reduction in bonus allocation shall be equivalent to the bonus pertaining to the Plan Year during which Contribution Holiday is taken.
Yes there is a penalty which varies each year depending on Contribution Term as well as Contribution amount.
If critical illness/ PTD is availed then the family takaful cover is reduced by that amount.
Yes. There would be no cancellation fee if the plan holder opts to cancel any optional benefit after the plan starts. If the plan holder opts for any new optional benefit after the plan starts, the premium amount for the optional benefit will be added to the existing premium.
In the event of death of the covered member, the higher of fund value or death benefit will be paid out to the beneficiaries. In case the beneficiary is not defined, the claim proceeds will be settled by Sharia court where the legal heirs can petition the claim.
This plan provides a platform to retail investors to invest in range of Sharia’h compliant funds with the added option of Family Takaful Benefit. It also gives an upfront bonus based on the contribution amount and term.
CBD customers with valid UAE/GCC residence visa or holding UAE nationality, falling within the prescribed age limits are eligible to participate in the plan
It is a variable savings and fixed term protection plan that gives you an opportunity of investing regularly for the future


This Product is offered by SALAMA – Islamic Arab Insurance Company for CBD Customers and is subject to underwriting approvals. Terms and Conditions of the Takaful plan shall apply. The Takaful cover shall only start after the issuance of plan by SALAMA – Islamic Arab Insurance Company. Details presented are for your information only. CBD is neither responsible for, nor guarantees or warrants the quality, fitness for purpose, suitability of the Product / Covers being offered and does not accept any liability and will not be liable for any loss or damage arising directly or indirectly to the client taking the Takaful cover or beneficiaries or any others. Proceeds of Plan’s investments in Fund(s)/ Strategy(ies) are not guaranteed and SALAMA/CBD bear no responsibility for the performance of Fund(s)/ Strategy(ies) selected.

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Within UAE: 600 527 223

Outside UAE: +971 600 527 223

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