Islamabad: Pak-Qatar Family Takaful (PQFTL), part of Pak-Qatar Group, a major and leading Islamic financial services group in Pakistan, has become the first Takaful operator to introduce a Voluntary Pension Plan (VPS) in Pakistan.

By offering VPS, PQFTL brings to the public a unique investment option that benefits retirement savings while helping to reduce tax liability by up to 20%. Individuals can choose a plan with a contribution of less than PKR 1000. The product also provides free Takaful up to PKR 10 million or twice the investment balance (whichever is lower) and accidental death up to PKR 20 million or four times the investment balance (whichever is more below). By investing in VPS, you can avail premium discounts for Family Health (Personal Health), Motor Takaful and Home Takaful.

“This scheme not only facilitates retirement savings, but also offers the opportunity to earn good investment returns. We aim to provide our customers with innovative products and services that are Shariah compliant, enabling them to make informed investment decisions and achieve long-term financial security ,” he said.