This account provides a range of free unlimited features catering to the banking needs of different customer segments including individuals and business persons. The product is designed so that people may fulfill their business requirements with a convenient and hassle-free banking experience.
Avail the following FREE services on maintaining monthly average balance of Rs. 40,000 or above:
Transaction Charge: For the month in which the average monthly balance is below Rs. 40,000/- a charge as per prevailing SOBC will be applied
Avail free insurance coverage with HBL Freedom Account, allow yourself to be less concerned about unforeseen incidents such as expenses due to hospitalization or loss of cash and valuables due to theft or robbery simply by maintaining a minimum monthly average balance of Rs 250,000 or above in your HBL Freedom Account.
The HBL Freedom Account FREE Insurance Plan will provide coverage in the events of:
|Description of benefits that will be covered under Freedom Insurance Plan|
|Benefits covered||Average monthly balance PKR 250K-4.99Mn||Average monthly balance PKR 5Mn and above|
|Hospital daily expense budget *||5,000/day||10,000/day|
|Hospital Maximum aggregate limit||150,000||300,000|
|In case of ICU/Surgery/Injuries Expenses Maximum Limit||225,000||450,000|
|Loss of Cash Withdrawal / Valuables Coverage|
|OTC (Over the counter)**||200,000||500,000|
|Loss of valuables ***||50,000||100,000|
*Hospital daily cash expenditure is valid for a minimum of 2 and maximum of 10 days. While the Maximum hospital coverage limit is for 30 days per year.
**Loss from ATM/OTC/and valuables is only claimable if the radius is or within 1.5km or equivalent to 60 minutes.
**Valuables include all non-cash items that were in your custody at the time of incident happen such as (CNIC, Passport, watch, jewelry, laptop, keys). Mobile phones and electronic devices are excluded from coverage
The following are excluded from the insurance coverage plan:
Insurance does not cover damages or liability resulting from by the following events:
Customer who are covered on the basis on maintaining the required balance, can reach out to jubilee general insurance on the below contact:
Jubilee General Insurance Company Limited
Health Insurance Administration Office 2nd Floor, PNSC Building, Lalazar,
M.T.Khan Road, Karachi
Phone 021-3565 7885 -6, 021-3811 4000
Upon receiving the notice of claim the claimant customer will require to submit a complete claim form with below documents to the Insurance company
Upon receiving the above documents, claim will be registered and surveyor will be appointed under the advice of the bank by the insurance company The claim will be settled and deposited to the account holders account within 10 working days once all claim assessment documents are obtained from the customer
Jubilee General Insurance Company Limited
Bancassurance department, 3rd Floor, Jubilee Insurance House,
I.I. Chundrigar Road
P.O.BOX 4795, Karachi.
UAN: (021) 111-654-111, Tel: 021- 32416022-26 (Ext: 2532 / 2534 / 2535)
Upon receiving the above documents, claim will be registered and surveyor will be appointed under the advice of the bank by the insurance company. The claim will be settled and directly with the account holder within 10 working days once all claims assessment documents are obtained from the customer
HBL FreedomAccount can be opened by Individuals and Non-Individuals/Entities.
a. HBL FreedomAccount provides the following free services on maintaining an actual minimum balance of Rs.40,000 or above during the month:
b. For the month in which actual balance is below Rs. 40,000 even for a day, cumulative transactions charge (calculated using the per transaction charges specified in the prevalent Schedule of Bank Charges) will be applicable in lump sum at month end on all customer-initiated Debit transactions during the month. The charge will be auto recovered by the system.
HBL FreedomAccount is a current account, so no profit payment is made.
There are no minimum balance charges, however if average monthly balance falls below Rs 40,000/- transaction charges are applicable