Product Offerings

​Our ranges of Family Takaful products  are as follows:

Takaful Group Educational Scheme  

This is an educational scheme sold on group basis i.e. through Islamic Schools to pupil in the Schools. 

Key Features

  • The plan is renewable on yearly basis (term Assurance). 
  • Cost of cover is paid with school fees by parents per term per child depending on the level (Nursery, Primary, Secondary and Tertiary Institution) and individual school will remit contribution (premium) to Hilal Takaful Nigeria Limited for adequate cover.
  • The scheme will be able to support a child’s education up to the last grade of the educational level covered in case death arises to the insured parent or guardian based on the educational level (Nursery, Secondary, Tertiary Institution) covered.

Takaful Group Family Scheme 

"And those of you who die and leave behind wives should bequeath for their wife a year's maintenance and residence... "Q2v240

Key Features

  • Flexible contributions.
  • Profit sharing (Al-Mudharabah).
  • Flexible maturity allowed.
  • Contribution not forfeited in the event of cancellation.


Takaful  Investment Plan 

Takaful Investment Plan is a flexible investment plan that allow for profit sharing (Mudharabah), with welfare packages to dependents on death during the plan tenure.

Key Features.

  • The plan is open to all between 18 to 60 years.
  • Systematic savings and investment.
  • Allows owning multiple shares by units.
  • Flexible payment method (monthly, quarterly, half-yearly, yearly and single payment).
  • Scopes of cover are death and permanent total disability.

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Marriage Takaful Plan

It is a flexible plan that allows you to plan towards your marriage expenses or that of your children-"Marriage made easy".

Key Features

  • Flexible contributions.
  • Profile sharing (Al-Mudharabah).
  • Flexible maturity period 1-5 years.
  • Part-withdrawal allowed.
  • Contribution not forfeited in the event of cancellation.

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Credit Takaful Cover   

This plan is designed for anyone with a short term loan. 


Key Features

  • Peace of mind is assured.
  • Guarantor is relieved of any liability on credit facility.
  • Financial assistance in the event of death based on the islamic principle of al- Tabarru.
  • Dependents will inherit assets and not liabilities.





Keyman Takaful Plan

A Keyman Takaful Policy is an ethical insurance product designed to protect businesses against financial loss resulting from the death or disability of a key employee.

Key Feature

  • It provides business partners with the security of being able to buy the deceased partner’s share of the company from the estate.
  • ​It provides business owners and shareholders with peace of mind.
  • It provides a payout to the business in such events, helping to cover costs associated with recruitment, training, or loss of revenue


Hajj & Umrah Takaful Plan

This plan encourages savings towards the achievement of one of the pillars of Islam (Hajj and Umrah).

Key Features

  • It has the same principle as the Savings Takaful with family protection. 
  • It is contribution toward future pilgrim to the Holy land so that the cost of Hajj fare will not be too much for participants who want to perform this obligation.
  • Minimum of N12,500 is paid on monthly basis while N150,000 is paid annually for five years.
  • Tabbarru (donation) payment is applicable while profit is equally payable from return on investment.


Pilgrim care Scheme

This Scheme covers all Muslim Pilgrims during the performance of Hajj rights.

Key Features

  • It provides financial compensation in the event of death and theft of property of a pilgrim during the Hajj operation.
  • It is open to all intending pilgrims through Hajj Agencies/ Pilgrim Board.
  • Eligibility - it has 18 years age limit. The contribution payable is N6,500.00 and pure tabarru.

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Takaful Mortgage Protection Cover

This plan is for anyone who has purchased, built or intends to build/purchase a house by means of a mortgage.

Key Features

  • Guaranteed payment of outstanding mortgage.
  • Guarantor is free of any liability from your loan.
  • Peace of mind for the family with a house free of financial burden.
  • Proceeds utilized to pay the expected outstanding balance of the mortgage load.
  • A simple and transparent plan.





Takaful Traveler's Scheme

Takaful  Travelers   Scheme covers an individual while travelling as a fare paying passenger in any fully licensed standard type of aircraft, owned or operated by a recognized airline, operating over regular scheduled international air routes.

Key Features

  • The scheme also covers any individual travelling by road on interstate trip as a passenger in any fully licensed standard type of vehicle.

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Takaful Esusu Plan

This type of Takaful is meant for anybody that needs to build capital. It is achieved by saving some amount of money in the plan for the purpose of investment under the Mudarabah principle (profit/loss Islamic investment principle) which will earn such participant accrued profit/loss in the future.  

Key Features

  • The plan is arranged with a Welfare Package and flexible investment plan that allow for profit / loss sharing (Mudarabah ), with  welfare packages to dependents on death during the plan tenure.
  • It can be daily, weekly, monthly, quarterly, half-yearly or yearly contribution with a minimum of N200 per day, N1400 per week, and N6000 per month over 2 -10 years tenor.
  • The Tabbarru (donation) rate for this is 1%. Part / pre-maturity withdrawal could be done by policy holder anytime, subject to terms and conditions.


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