- Senior citizens of age 55 years and above with valid CNIC/NICOP/POC
- Proof of Income (If Applicable)
- Pakistani Nationals (Singly/Jointly)
- Allied Senior Citizen Current Account
- Allied Senior Citizen PLS Savings Account ***
- Allied Senior Citizen Current Asaan Account
- Allied Senior Citizen PLS Savings Asaan Account ***
Click here for detailed profit rates
All the documentation will be completed in line with applied policy and regulatory guideline
- Free Debit Card for the first year
- Free Online cash deposit, cash withdrawal and account to account transfer only for current account holders
- Free access to myABL internet banking and WhatsApp Banking
- Pay cash to anyone who is a CNIC holder even without any account
Monthly average balance requirement for free of cost additional services:
- Allied Senior Citizen Account (Current): PKR 50,000/-
- Allied Senior Citizen Account (Saving): PKR 100,000/-
- Allied Senior Citizen Asaan Account (Current): PKR 50,000/-
- Allied Senior Citizen Asaan Account (Saving): PKR 100,000
*A fee for Additional Services @ Rs.140 / Month applicable for Senior Citizen Account in case minimum balance condition is not met.
**Pensions credits will not be allowed in Joint Senior Citizen Account
***Profit Rate on saving variants: As per Prevailing Profit rate on Saving Accounts.
- Free medical health card offering up to 30% discounts at labs
Accidental death/disability insurance coverage
- Up to Rs.500,000 (Up to age 74 yrs.) in Current variants
- Up to Rs.300,000 (Up to age 74 yrs.) in Saving variants
- Accidental Medical Reimbursement is up to Rs. 5,000/- in saving variants
Hospitalization coverage
- Up to Rs.6,000 per day (Up to age 74 yrs.) in Current Variants
- Up to Rs.1,000 per day (Up to age 74 yrs.) in Saving Variants
- Disability refers to permanent total disability
- In Hospital Income (IHI) benefit will be provided on a reimbursement basis
- IHI benefit is for a maximum of 30 days per hospitalization with no cap on the number of hospitalizations.
- Up to 30 % discount will be applicable on different labs across the country for Allied Bank customers through Medical Health Card
Q1- What are the documents required to open senior citizen account?
Following Documents are required to open senior Citizen Account.
- A Valid CNIC /NICOP/POC
- Income Proof (no income proof required in case of Asaan category)
Q2- Is there any minimum balance requirement for account opening?
- Rs. 2,000/ for Regular Variant
- Rs 100/- for Asaan Variant
Q3– Is there any minimum balance requirement?
For availing additional free services monthly Average Balance requirement is as under
- Allied Senior Citizen Account (Current): PKR50,000/-
- Allied Senior Citizen Account (Saving): PKR 100,000/-
- Allied Senior Citizen Asaan Account (Current): PKR 50,000/-
- Allied Senior Citizen Asaan Account (Saving): PKR 100,000/
Q4– Can I avail free services without maintaining the average balance?
In case no average balance is maintained fee amounting to PKR 140/- will be charged for free services.
A. Medical Health Card
Q5– What is a medical health Card?
Medical health Card is an exclusive card offered to Allied Senior Citizen Account Holders catering various health issues. By virtue of this card, the account holder can avail discounts on their hospitalization charges as well as on different Labs.
Q6– Are there any charges for this Card?
No medical Health Card will be allotted absolutely free of cost.
Q7– Is there any activation required for this Medical Card?
No activation will be required for medical card
Q 8– Is there any expiry of this card?
No there is no expiry to this card. Will remain valid for account holder till the account relationship with ABL is maintained.
Q 9– What are discounted Lab Services?
By showing health card on specified Labs, senior citizens may avail discounts.
Q10–What is the Limit for Health Card?
There will be no Limit on Health Card. Only percentage discounts will be applicable
Q11– How many and which labs can be accessed to avail Lab Discounts?
The updated list of labs uploaded on below link.
http://igilife.com.pk/wp-content/uploads/2020/01/Discount-Centers-List.pdf
Q12– Where should we complain if there comes an issue in Medical Card Acceptability?
In case of any issue of Medical Card acceptance, customer will contact to the Insurance Company on the number provided on the card or by email on below link
[email protected]
B. Accidental Life Insurance
Q13– Eligibility for Accidental Life Insurance?
Opening of Senior Citizen Account is the only criteria.
C. In Hospitalization Insurance
Q14– In what case claim will not be entertained?
Any claim pertaining to below type will not be entertained
- Active participation in criminal activities
- Death / Disability due to HIV
- Hazardous occupations and extreme sports
- Suicide
- Involvement in War / War like operations
Q15– How many Hospitalizations are covered?
The hospitalization benefit for a maximum of 30 days per hospitalization is allowed. there is no cap on the number of hospitalizations during a year.
Q16– In which hospitals this card will be acceptable?
In hospitalization benefit will be provided on reimbursement basis. So, can be availed from any hospital.
Q17– At what extent the hospitalization expense will be reimbursed by insurance company?
- For Current Account Holders Up to Rs.6,000/- per day
- For Saving Accounts Holders Rs.1,000/- per day
D. Online Transaction
Q18– How many online transactions are free of cost in Senior Citizen Account?
Two online transactions per month are free
Q19– Is there any Limit on amount of online transaction?
Limits of online transactions will be followed as defined in SOC.
E. Others
Q20– What is e-SOA?
You can view the account statement at your provided email ID, absolutely free of cost bi-annually. For this you have to provide a Valid Email ID at the time of account opening.