Al Rajhi Takaful launches 'Thamara' savings and protection program

Al Rajhi Takaful has launched 'Thamara,' a savings and protection program that combines takaful coverage with long-term savings and investment, enabling customers to build financial plans tailored to their future goals.

The program offers five funds with different maturity dates, allowing clients to select the fund that best matches their anticipated need for savings.

'Thamara' is designed to meet the needs of individuals and families at various stages of financial planning, with a particular focus on those starting to save early—whether for goals such as marriage and home ownership, or for long-term objectives like growing savings, children's education, and retirement planning.

Commenting on the launch, Saud bin Ghunaim, Chief Executive Officer of Al Rajhi Takaful, said:

"The 'Thamara' program reflects our vision to develop solutions that support our customers throughout different life stages, giving them options to prepare for the future and build their savings based on clear, long-term goals."

He added: "At Al Rajhi Takaful, we continue to develop products that combine value for the customer with their evolving needs, helping to promote a culture of planning and saving, and offering more diverse solutions for individuals and families in the Kingdom."

The program also provides takaful coverage throughout the policy period against the risks of death and total disability, according to the selected coverage and policy terms and conditions, offering financial support to beneficiaries in the event of any covered risks.

The funds are managed by specialists following a smart investment approach that considers each fund's time horizon, gradually adjusting asset allocation over time and shifting toward less volatile investment options as the maturity date approaches.

The launch of 'Thamara' is part of Al Rajhi Takaful's strategy to expand its portfolio of solutions and develop products that keep pace with the evolving needs of customers and the market in Saudi Arabia.