KARACHI – Pak Qatar Family Takaful Limited has announced the distribution of 27.50% surplus among its Individual Family Takaful participants (Direct Business) for the year 2012, a statement issued on Monday said.
The Surplus, on the basis of single rate calculated, has been distributed amongst participants in a defined manner in relation to the cumulative Net Contribution received in the Individual Family Takaful Participant Fund (IFTPF) by each participant.
Notably, the actual distribution of surplus has been done only to those participants leaving the pool during the year 2013 by way of permanent withdrawal , death or maturity of the membership.
With this declaration of Surplus, Pak-Qatar Family Takaful has become the only Family Takaful operator to declare distributable Surplus for Individual Family Takaful in all the five years of its operations. Importantly, in 2008 its surplus was 10 % which increased to 25% in year 2012.