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Waad Al Sadad

A Decreasing Term” protection plan that ensures your financial commitments are secure.
Waad Al Sadad
Libano-Suisse Takaful “Decreasing Takaful policy is more convenient to be used for loans, protect the bank by securing the debt of the borrower, where the sum covered and contribution decrease on a periodical basis (monthly/yearly) throughout the duration of the loan. You will be covered for the outstanding debt towards the bank. In case of death, sum cover is payable to the beneficiaries.
  • Choose your amortization rate to determine your Decreasing Sum Cover.
  • Select additional Takaful benefits according to your preference.
  • Pay in either annual or single contributions.
The following additional Takaful protection benefits are available:
  • Total Permanent Disability
  • Passive War and Terrorism
  • Plan Term starts from 2 years.
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