All individuals, Salaried and Self Employed

• It is a non-remunerative account.
• Available in Pak Rupee only
• Account Transaction information through SMS Alerts
• Entitlement to ATM Debit Card (Charges as per SOC).
• Cheque Book issuance
• Locker Facility

The following benefits are free of cost subject to maintenance of monthly average balance of Rs. 0.25 million of equivalent

• Pay Order, Demand Draft, CDR Issuance and Cancellation
• Statement of Accounts
• Returned Cheques
• Stop Payment of Cheques
• Standing Instruction Fee
• Issuance of Balance Confirmation Statement/ Certificate
• Same day clearing charges
• Cheque Book issuance charges.
• Hold Mail Charges

The following insurance benefits are free of cost subject to maintenance of monthly average balance:

• Free Accidental Death & Permanent Total Disability Coverage up to Rs 1,000,000
• Free Child Education Plan up to Rs 1,000,000
• Free Income Continuation Plan up to Rs 600,000
• Free ATM Cash Withdrawal / OTC Coverage up to Rs 50,000
• Free Hospitalization Benefit up to Rs 500,000
• Free coverage for home content up to 100,000

BML Secure Life account holders from age 18 to 65 years who fulfill the monthly average balance criteria shall be eligible for complimentary insurance coverages.

1. Accidental Death Coverage (AD):

Accidental death insurance coverage provides financial aid to the family of the covered person in case of an unforeseen demise of the covered person caused in an accident during the coverage period. Lump sum benefit will be paid to nominee in the event of death due to accident.

1. Permanent Total Disability (PTD):

Lump sum benefit paid upon total and irreversible loss of physical capacity due to accident, rendering the insured unable to work permanently.

• In case of accidental death only the coverage amount mentioned in accidental death will be paid.
• In case of Permanent Total Disability (PTD) only the coverage amount mentioned in PTD will be paid.

1. Child Education Plan Coverage:

In the event of accidental death, the plan will provide an upfront payment and a fixed child school fee continuation benefit for period of 3 years, providing financial protection & funds which can be used for the child’s education expenses.

• 50% of the qualified cover will be paid upfront in case of death due to accident.
• 50% of the qualified cover will be paid on monthly basis in course of 36 months in context of education fees.

1. Income Continuation Coverage:

In case an account holder dies the plan will provide a fixed income continuation amount for the period of 1 year, providing financial protection & funds which can be used for the home related expenses.

Monthly income provided to nominee/beneficiary for 12 months in case of death due to accident as per the average balance qualification in 12 equal investments. Not available for balance tier below PKR 250,001.

1. ATM Cash Withdrawal / OTC Coverage

Cash withdrawal insurance coverage is applicable for account holders of the bank against the risk of snatching/ armed hold up/ forced deprivation of cash withdrawal from any of the 1Link/M-net ATM of any bank or over the counter withdrawal from any branch of Bank Makramah Ltd and in the jurisdiction of Pakistan. Maximum number of claims lodge by any one account holder for cash withdrawal should not exceed 2 claims during the year with total coverage of Rs. 50,000 annual aggregate.

Cash withdrawal coverage shall commence from the moment an individual account holder withdraws cash from any ATM and shall be valid up to 45 minutes within the radius/area of 1.5 Km from such withdrawal, whichever comes first.

1. Hospitalization Benefit:
   

In order to provide our valued customers with the best of its kind support during the times when It is most required, BML offers an attractive free of cost Health Insurance coverage, that provides you financial support and assistance due to illness and accident.

The plan will provide following benefits free of charge to our Secure Life account holders qualifying the minimum average balance criteria.

1. Coverage for Home Content

To protect the customer’s valuables, the plan covers the Loss of Contents / Valuables (furniture and Fixtures within the premises) belonging to the covered account holder’s home, by means of Fire and Allied Perils, including burglary. Excluding mobile phones/ laptops/ tablets.

• Free Online Banking
• Free Utility Bills payments via ATM, Mobile App, Internet Banking, Bank Makramah Ltd Branches
• Unlimited Free of Cost Transactions (over the counter & Bank Makramah Ltd ATMs)
• Free Electronic Account Statements
• Free Fund Transfer within Bank Makramah Ltd via ATM, Website, and Branch Network
• Free Expired Debit Card Replacement
• 24/7 Customer Care

Note:

Withholding Tax (WHT) and Federal Excise Duty (FED) applicable as per country law.

“All insurance benefits are subject to the terms and conditions set by the partner insurance company. Visit your nearest Bank Makramah branch for detailed product disclosures”