Top key features and benefits
- Because important and big steps require early planning, KFH designed the “Rafaa” long term investment plan for your children to help you cover the expenses of their marriage & to be ready for the happiest moments in your life.
- “Rafaa” will offer you a plan based on monthly savings, while earning higher investment returns on your savings, in addition to a Takaful cover. When your children reach the pre-determined age, the total amount saved added to the investment profits will be available to cover your expenses of their marriage.
- The target amount or monthly saving amount can be changed at any time.
- Automatic monthly transfer of the saving amount from your KFH account to your “Rafaa” investment account.
- Withdrawal up to 40% of the saved amount by the end of the 1st year.
- Withdrawal up to 30% of the saved amount once every two years.
- The client can increase the monthly investment amount automatically once every two years.
- The client can deposit fixed amounts in addition to the monthly saving amounts without affecting the schedule of the plan.
- Upon completion of the saving period, the targeted saving amount and the accumulated profits will be available.
- “Rafaa” plan can be closed at any time, all the saving and declared profits in “Rafaa” account will be refunded.
- Target saving amount ranges between KD 5,000 to KD 120,000.
- The client’s son or daughter should be less than 20 years.
- The client should be between 21 to 61 years.
- Saving period ranges between 4 years to 25 years.
- “Rafaa” investment account, when opened will be automatically covered by Rafaa Takaful (insurance) policy. The policy will cover the unpaid savings due to death or total disability (sickness or accident) during the saving period, or a fixed cover amount.
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“Rafaa” Investment Plan
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