Pakistan’s First Lifetime Guaranteed Pension Plan Launched by Pak-Qatar Family Takaful
- Fahad Bin Khalid
- February 25, 2025
- 1:52 pm
- 38
- Business
Lifetime Guaranteed Pension Plan Launched in Pakistan
The Lifetime Guaranteed Pension Plan has been introduced in Pakistan by Pak-Qatar Family Takaful (PQFTL). This is the country’s first pension plan with a lifetime guarantee, ensuring financial security for retirees.
Pak-Qatar Family Takaful unveiled this innovative pension scheme under the name “Lifetime Kafalat Plan.” The plan aims to provide a stable income after retirement based on customer contributions.
A Historic Step in Pakistan’s Financial Sector
For the first time, a company in Pakistan has launched a lifetime pension plan with a guaranteed income. This plan uses advanced financial algorithms to determine monthly contributions for customers.
The Lifetime Guaranteed Pension Plan allows people to secure their future without worrying about financial instability. Pak-Qatar Family Takaful’s initiative strengthens its position as a leader in Islamic financial services.
Launch Event Highlights
The launch event took place in Karachi and was attended by:
- SECP representatives
- Trade and business leaders
- Islamic scholars
- Pak-Qatar Group officials
SECP’s Support for Financial Innovation
In a video message, SECP Chairman Akif Saeed congratulated Pak-Qatar Family Takaful on this unique initiative. He praised the company’s efforts in addressing retirement planning needs in Pakistan.
Chief guest Mr. Mujtaba Ahmed Lodhi, Commissioner Insurance at SECP, emphasized the importance of structured retirement solutions. He assured that SECP supports new and innovative financial products like this pension plan.
CEO’s Vision for Retirement Planning
Mr. Waqas Ahmad, CEO of Pak-Qatar Family Takaful, expressed excitement about this launch. He stated:
“Lifetime Kafalat Plan is a first-of-its-kind product that ensures a guaranteed lifetime pension. It provides a smart way for Pakistanis to plan for their retirement.”
He also highlighted how this plan aligns with the company’s vision to offer innovative and customer-focused financial solutions.
Shariah Compliance and Islamic Finance
Mufti Hassaan Kaleem, Chairman of the Shariah Board, spoke about the plan’s Islamic financial principles. He emphasized that Islamic pension solutions are essential for ensuring ethical financial security.
Why Choose the Lifetime Guaranteed Pension Plan?
The Lifetime Guaranteed Pension Plan offers multiple benefits:
- Guaranteed lifetime pension for financial security
- Flexible contribution options based on customer needs
- Islamic financial compliance
- Structured retirement planning for long-term stability
A Step Toward a Secure Future
The Lifetime Guaranteed Pension Plan marks a new era in retirement planning for Pakistanis. It ensures financial independence after retirement and promotes Islamic financial services.
This initiative by Pak-Qatar Family Takaful strengthens Pakistan’s financial sector and provides a reliable pension solution for all.
