Premium Refund Life Insurance (Interest-Free, Foreign Currency Indexed & with Additional Coverage)

Protect Your Life While Preserving Your Savings.

Return of Premium Life Insurance (Non-Interest, Foreign Currency Indexed & With Additional Coverage) offers protection designed in line with participation-based principles. Premiums are evaluated in profit-sharing accounts compliant with interest-free (Islamic) finance principles. Premiums and coverage amounts are determined in USD*.

*In accordance with Law No. 1567 on the Protection of the Turkish Currency, the coverage amount and premiums are denominated in foreign currency; however, premium and benefit payments are made in Turkish Lira, based on the effective USD selling rate announced by the Central Bank of the Republic of Türkiye (CBRT) one day prior to the payment date.

This product includes three types of coverage:

  • Accidental Death Coverage
  • Critical Illness Coverage
  • Survival Benefit

Coverage Descriptions

  • Accidental Death Coverage
    If the insured passes away due to an accident during the policy period, the death benefit is paid to the designated beneficiary(ies) on the policy.
  • Critical Illness Coverage
    If the insured is diagnosed with one of the covered critical illnesses during the policy term, the benefit is paid directly to the insured.
  • Survival Benefit
    If the insured is alive at the end of the policy period, no death benefit has been paid, and all premiums have been paid in accordance with the Insurance Contract and Special Conditions, the total amount of paid premiums will be refunded to the policyholder.

Individuals between 18 and 51 years of age.

The sum of the insured's entry age and the policy term must not exceed 61.

This is a long-term policy with a duration exceeding one year.

Minimum term: 10 years

Maximum term: 20 years

Coverage amounts vary depending on age and premium level.

Accidental Death Benefit

Survival Benefit (If no death occurs, all premiums paid are refunded at the end of the policy term)

Critical Illness Coverage, including the following illnesses:

Cancer

Heart Attack (Myocardial Infarction)

Stroke

Coronary Artery Bypass Surgery

Kidney Failure

Organ and Bone Marrow Transplant

Blindness

Multiple Sclerosis

Loss of Limbs

Severe Burns

Aortic Graft Surgery

Benign Brain Tumor

Deafness

Heart Valve Surgery

Occupational and Bloodborne HIV Infection

Loss of Speech

Motor Neuron Disease (ALS)

Paralysis

Coma

Premiums can be paid in the following installments:

Monthly

Quarterly

Semi-annually

Annually

Payments cannot be made in advance (future-dated payments are not allowed).

Monthly: Minimum $50 USD

Annually: Minimum $600 USD

The policy is valid worldwide.

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