(MENAFN - The Peninsula) Pak-Qatar Family Takaful Limited (PQFTL) and Institute of Chartered Accountants of Pakistan (ICAP) have signed an agreement according to which all the members, students and employees of ICAP across the globe will be provided with an option of having Group Family Takaful protection through Pak-Qatar Family Takaful Limited.
P Ahmad, CEO Pak-Qatar Family Takaful Limited and Khaliq-ur-Rahman, President ICAP-Benevolent Fund signed the agreement on behalf of their respective organisations.
According to this scheme, Pak-Qatar Family Takaful would provide Takaful coverage in case of natural death, double Takaful sum in case of accidental death, permanent disability (both due to sickness as well as accident) up to a sum of Rs. 2 million.
It will be contributory / non-compulsory scheme where the participants are given a choice to pick benefit amount as per their desire and need.
Both ICAP and PQFTL will immensely benefit from the scheme, as Takaful being a Shariah compliant tool of mitigating risk would be a preferred way of saving and protection for the individuals attached to the profession of chartered accountancy.