The Smallest Actions Make The Biggest Impact
Save for brighter future for you and your children with monthly contributions as low as BD30 and enjoy benefits of competitive profit rates and unmatched Takaful coverage to meet your future needs.
Product Features
- Competitive Expected Annual Profit rate
- Investment tenure of 3 years and up to 20 years
- Multiple and flexible monthly contribution categories
- Can be acquired for any purpose, such as, education, retirement, travel, buying a house, a car, etc
- Minimum age at entry is 18 years and maximum is 64 years
- Free Life Takaful benefits including COVID-19 coverage
You can select one of below schemes based on the plan tenor
Fixed Scheme Options
3 & 5 years
|
|---|
|
Option 1 | Option 2 |
One off Admin Fee
Platinum BD 150
Gold BD 80
Classic BD 30 | No Admin fees |
| Higher expected profit rate | Competitive expected profit rate |
| Monthly Contribution Amount |
|---|
Platinum
| BD 150 & above |
| Gold | BD 80 |
| Classic | BD 30 |
| Takaful Benefits |
|---|
|
Plan | 3 Years |
5 Years |
|
Platinum | BD 17,400 | BD 29,000 |
|
Gold | BD 8,800 | BD 14,800 |
|
Classic | BD 4,080 | BD 6,800 |
Flexi Scheme Options
Above 5 years |
|---|
|
Option 1 | Option 2 |
One off Admin Fee
5 years +
2 X Monthly Contribution
10 years +
3 X Monthly Contribution
16 to 20 years
4 X Monthly Contribution | No Admin fees
|
| Higher expected profit rate | Competitive expected profit rate |
Monthly Contribution Amount
Starting from BD 30 |
Takaful Benefits
Insurance benefit is equal to the value of the remaining contractual payments subject to a cap of BD 100 per month (BD 24,000 in total). In case of accidental death, an additional BD 24,000 will be paid. |
Early withdrawal charge of BD 20.
*Profit paid at contracted rate or rate applicable for the period the deposit has run, whichever is lower.
To open for Al Salam Life Planning Account, please download Al Salam Bank Mobile App available in App store and Play store or contact our client care center on 17005500.
To view terms and conditions, please
click here