Jammu and Kashmir Bank has provided financial relief to 10 families in the Delhi zone by settling MetLoan and Life Suraksha (MLLS) insurance claims for deceased borrowers. The claims amount to Rs. 39 lakhs, which has eased financial distress for the families. In a ceremony, the bank’s General Manager and Head of Division, Rajesh Gupta, and Associate Director and Head of PNB MetLife, Irfan Ali Zargar, jointly displayed the symbolic cheque representing the disbursed amount.
The beneficiaries expressed their gratitude to the bank and PNB MetLife for their prompt assistance, stating that the support has lifted a huge financial burden from their shoulders. Speaking on the occasion, Rajesh Gupta emphasized the importance of insuring loans for financial security, saying that it is the bank’s responsibility to encourage customers to secure their borrowings under MLLS, ensuring that their loved ones are not left with financial liabilities in unforeseen circumstances.
Dorjey Angchuk, AGM (Cross Selling), highlighted the benefits of MLLS, saying that it provides single premium options with bank funding, safeguarding borrowers’ families financially. Irfan Ali Zargar, Associate Director and Head of PNB MetLife, emphasized the crucial role of loan insurance, saying that while it cannot replace emotional loss, it can provide much-needed support to families during difficult times.
The bank’s commitment to customer welfare was reaffirmed, with Jammu and Kashmir Bank acknowledging the importance of loan insurance in providing financial protection to families during difficult times. The ceremony was attended by officials from Jammu and Kashmir Bank, PNB MetLife, and the beneficiaries themselves.