Shariah-compliant

What is Takaful?

Takaful is the halal way to protect your family and save for the future. Members put money into a shared fund that helps any member who suffers a loss — people helping each other, instead of buying insurance from a company. There is no interest (riba), and it all runs under State Life’s Shariah supervision.

Takaful Golden EndowmentContribute 7 years · covered 20 Takaful Platinum PlusContribute 3 years · covered 10

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🤲Shared riskParticipants pool their contributions to help each other in times of need, rather than transferring risk to a company.

⚖️Shariah compliantMoney is invested only in Islamic, riba-free places, under State Life's Shariah supervision.

🔄Surplus sharedWhatever is left in the members' Takaful fund after claims and reserves may be shared back with members.

🛡️Govt. guaranteeJust like conventional plans, Takaful plans are fully backed by the Government of Pakistan.

Takaful vs conventional insurance

Both are offered by State Life and both carry the same Government of Pakistan guarantee on sum assured and declared bonuses. The difference is how the fund is structured. Read the full comparison, or what scholars say about life insurance.

Takaful

Conventional

How it works

Members help each other through a shared fund

State Life takes on the risk for you

Where money is invested

Only Shariah-compliant, riba-free places

Government securities, property, shares and banks

Whose fund it is

The members' Takaful fund

State Life's life fund

Profit you share in

Bonuses, and any surplus shared back to members

Bonuses from 97.5% of State Life's surplus

Guarantee

Government of Pakistan

Talk to a Takaful advisor

We’ll explain how Takaful works in Urdu or English, compare the two plans for your budget, and send you the exact figures for your age. Takaful Golden Endowment starts from Rs. 15,000 a year, and Takaful Platinum Plus from Rs. 65,000 a year.

Scholars hold different views on conventional insurance; Takaful exists for families who want to be sure. Both plans carry the Government of Pakistan guarantee on the sum covered and declared bonuses.