Solidarity - Family Takaful launches 'Protection Benefits'

Features of the new Protection Benefits product include Takaful Protection on Death, Takaful Protection for Critical Illness and Takaful Protection for Waiver of Contributions on Death.

Takaful, the philosophy of pooling resources to help those who are less fortunate than others, is built on the principles of compensation and shared responsibilities among the community to provide quality of life for all and uphold the dignity of individuals, families and society in general.

"We are pleased to offer this product enhancement to our clients. By offering Protection Benefits, we further strengthen our commitment to growing the Takaful industry in the Middle East. We look forward to continued growth while serving our clients with the best in customer service," said Rob King, General Manager, Solidarity Family Takaful.

Solidarity provides a wide range of Family Takaful products including SolidStart, SolidEducation, SolidMarriage, SolidRetirement and Solidarity Hajj/Umrah. All Solidarity Family Takaful plans are Sharia'h compliant, and are available to nationals, expatriates and international investors. Because Solidarity offers a range of flexible savings plans, clients can decide which approach will best meet their needs.

Solidarity's saving plans were designed to give clients the ultimate peace of mind. In order to enhance the current products and protection, Solidarity now offers Takaful Protection Benefits that provide financial protection against the consequences of life.

"Assessing needs and planning for the future is such an important issue in today's world. By working with our clients to assess the various saving, investment and protection plans available, we at Solidarity believe that we can help our clients prepare for the future and establish financial security for their loved ones," said King.

"We strive to make this possible by offering affordable and flexible Sharia'h compliant plans that conform to the specific requirements of each client, whether it is the value or time period of the coverage needed," he added.

The new Protection Benefits offered through Solidarity include Takaful Protection on Death, Takaful Protection for Critical Illness and Takaful Protection for Waiver of Contributions on Death and can be selected along with the saving plan.

Solidarity was originally established in direct response to the growing demand for Takaful products across the region, with the expanding scope of this unique Islamic system of insurance and assurance. Solidarity is poised to lead the way in providing the utmost safety and protection against the widest possible risks, along with a diverse range of prudent saving and investment opportunities.

Over the coming years, Solidarity plans to further expand their product line to tailor for the growing diversity of market demand for Sharia'h compliant investment and saving options.