The Jammu and Kashmir Bank (J&K Bank) has made a significant move to provide relief to families who have lost a loved one. The bank has facilitated the quick settlement of insurance claims under its MetLife Suraksha (MLLS) product, payment of which was made to 48 families, totalling Rs 1.53 crores. This has eased the financial burden on these families during difficult times.
The bank’s Zonal Head, Raja Zaffer Khan, and Associate Director and Head of PNB MetLife, Irfan Ali Zargar, jointly displayed the symbolic cheque representing the disbursed amount. The event was attended by various officials, including branch heads, cluster heads, and senior representatives from PNB MetLife.
The claimants expressed their gratitude to the bank and PNB MetLife for their timely support, stating that their prompt action has relieved them of a significant financial burden. Zonal Head Raja Zaffer Khan emphasized the importance of insuring loans to secure the financial future of families, while Cluster Heads urged branches to ensure swift settlement of claims in the event of a borrower’s death.
Associate Director and Head of PNB MetLife, Irfan Ali Zargar, advised customers to consider loan insurance for their peace of mind, stating that while it cannot compensate for emotional loss, it can provide financial support to bereaved families and relieve them of financial liabilities. The bank’s MLLS product offers a single premium option and bank funding, making it an attractive option for reducing the financial burden on families in difficult times. Overall, the bank’s efforts have brought relief to numerous families, and its initiatives are set to continue, making it a trusted partner for families in need.