The Jammu and Kashmir Bank has provided a significant relief to five families in the Mumbai zone by settling insurance claims worth Rs 80 lakhs under its MetLoan & Life Suraksha (MLLS) product. The MLLS product is designed to insure loans and provide financial support to families in the event of the borrower’s death. The bank’s General Manager and Zonal Head, Rajesh Gupta and Irfan Anjum, respectively, along with officials from PNB MetLife, presented the symbolic cheque to the claimants, who were relieved to receive the payment.
The claimants appreciated the bank and PNB MetLife for their timely support, saying that the settlement of claims had released them from a significant financial burden. The bank’s Divisional Head, Rajesh Gupta, emphasized the importance of insuring loans to secure the financial future of families and provide peace of mind. Zonal Head Irfan Anjum added that insuring loans with MLLS product can reduce the financial burden on families during difficult times.
Associate Director and Head of PNB MetLife, Irfan Ali Zargar, urged customers to consider loan insurance for their peace of mind, stating that while it cannot replace the emotional loss, it can provide financial support to bereaved families, relieving them from the burden of liabilities. The event was attended by senior officials from the bank and PNB MetLife, marking a significant milestone in the bank’s efforts to provide customer-centric products and services.