My retrofitted alarm on E92 beeps upon lock & unlock, lights also flash on lock, & welcome lights come on upon unlock.
I added the alarm to my VO though (which is really the correct way to do it) all the alarm functions, panic, etc. were automatically enabled after VO update.
Yes, you can go into iDrive or use your stalk to control if & when the beeps sound and/or light flash - but all these features were already ON once I updated my VO.
2009 328ix E92//SGM//ACS Roof Spoiler//MTech Aero Lip+Trunk Spoiler//M3 Side Skirts//CF Roundels+Grilles//M3 Novillo Interior//Perf Shift Lever+Boot//MPerf DCT Wheel//M3 GT3 eBrake Handle+Boot//ACS Pedals//M3 Mirrors//LCI Tails w/LUX Rev//LUX 160 AE+MTec 6000K D1S+HPB HID 6000K Fogs//HPB LED Interior//RPI Scoops//CF Euro Airbox+Underhood Hsgs//K&N//BMW PE//MTech Rear Bumper-iS Sport Diffuser//CF Strut Brace//Vishnu OFT//BMW 193M's+Kumho 4X