To provide support to our customers in times of adversity, Meezan Bank provides Accidental Death and Permanent Disability* and ATM Cash Withdrawal** Takaful coverage (Islamic Insurance) of up to Rs 1 million to all account holders maintaining an average monthly balance of Rs. 10,000/- or more.
This coverage is provided FREE of cost and the Takaful claim amount is based on the average balance maintained in your account during the month preceding the date of the incident.
*Accidental Death and Permanent Disability Takaful is offered to account holders of up to 60 years.
**ATM Cash withdrawal Takaful is offered to all deposit account holders irrespective of the customer's age against snatching within 30 minutes of the withdrawal or 1.5 km radius (whichever comes earlier).
Compensation - 100%
Capital Sums in accordance with the following scale of percentages based on (1)
| Permanent total loss of sight of both eyes | 100% |
| Total loss or permanent total loss of use of the limbs | 100% |
| Total loss or permanent total loss of use of the right arm | 75% |
| Total loss or permanent total loss of use of the left arm | 60% |
| Total loss or permanent total loss of use of the right forearm | 65% |
| Total loss or permanent total loss of use of the left forearm | 56% |
| Total loss or permanent total loss of use of the right hand | 60% |
| Total loss or permanent total loss of use of the left hand | 50% |
| Total loss or permanent total loss of use of thigh | 50% |
| Total loss or permanent total loss of use of leg at or below the knee | 50% |
| Total loss or permanent total loss of use of foot | 40% |
| Permanent total loss of sight of one eye | 50% |
| Permanent total deafness in two ears | 50% |
| Permanent total deafness in one ear | 15% |
| Total loss or permanent total loss of use of thumb on right hand | 25% |
| Total loss or permanent total loss of use of thumb on left hand | 20% |
| Total loss or permanent total loss of use of index finger on right hand | 20% |
| Total loss or permanent total loss of use of Index finger on left hand | 15% |
| Total loss or permanent total loss of use of middle finger on right hand | 12% |
| Total loss or permanent total loss of use of middle finger on left hand | 10% |
| Total loss or permanent total loss of use of third (ring) finger on right hand | 10% |
| Total loss or permanent total loss of use of third (ring) finger on left hand | 8% |
| Total loss or permanent total loss of use of little finger on right hand | 8% |
| Total loss or permanent total loss of use of little finger on left hand | 6% |
| Total loss or permanent total loss of use of big toe | 5% |
| Total loss or permanent total loss of use of any other toe | 3% |