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GIG Egypt Life Takaful - Products

OUR TAKAFUL INSURANCE BENEFITS

MATURITY BENEFIT

At the policy end date, GIG Egypt Life Takaful will pay the policy value under the policy to the policyholder.

TAKAFUL LIFE INSURANCE

If the insured dies prior to the policy end date, GIG Egypt Life Takaful will provide payment of the sum insured to the beneficiaries.

ANNUAL INCOME FOR CHILDREN

In the unfortunate event of the death of the policyholder prior to the policy end date, an annual payment will be provided to the nominated children till the age of 21. Up to 4 children can be nominated with no maximum on the annual income amount.

ANNUAL INCOME

In the unfortunate event of the death of the policyholder prior to the policy end date, an annual payment will be provided to the spouse or a first-degree relative till the insured reaches the age of 70.

CRITICAL ILLNESS

In the unfortunate event of a critical disease diagnosis prior to the age of 60, a lump sum will be provided to the policyholder.

ACCIDENTAL DISABILITY

If the insured suffers from disability as a result of an accident, a lump sum equal to the Accidental Disability sum insured will be paid.

ACCIDENTAL DEATH INSURANCE

If the insured dies prior to the policy end date, GIG Egypt Life Takaful will provide a death benefit equal to the accidental death sum insured in addition to the Takaful life insurance sum insured.

An accident is defined as bodily injury directly caused by violent, accidental, external, and visible means.

TOTAL & PERMANENT DISABILITY

If the insured is diagnosed as suffering from total and permanent disability, GIG Egypt Life Takaful will provide a lump sum benefit.

  • Total irrecoverable loss of function of limbs
  • Loss of function of hands or legs
  • Blindness

Waiver of premium in case of critical illness

In the event the insured is diagnosed with one of the critical illnesses, the company will grant a waiver of premium payments for one year from the date of diagnosis.

Waiver of premium in case of death or total permanent disability

In the event of the insured’s death or total permanent disability, the company will waive all future premium payments until the policy’s expiry date.

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