The J&K Bank, in an effort to provide financial relief to families who have lost a loved one, has facilitated the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims for its deceased borrowers across various branches in the Delhi zone. The Bank has successfully disbursed a total amount of Rs 39 lakh to ten families, alleviating their financial distress.
A ceremony was held to mark the occasion, with representatives from the Bank and PNB MetLife, the insurance partner, presenting symbolic cheques to the beneficiaries. The beneficiaries expressed their gratitude to the Bank and PNB MetLife for their prompt assistance, stating that the support has lifted a significant financial burden from their shoulders.
J&K Bank’s General Manager and Divisional Head (Rest of India), Rajesh Gupta, emphasized the importance of insuring loans for financial security, stating 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. AGM (Cross Selling) Dorjey Angchuk highlighted the benefits of MLLS, noting that it provides a single premium option with bank funding, which safeguards the borrowers’ families in terms of their financial stability.
Associate Director and Head of PNB MetLife, Irfan Ali Zargar, reaffirmed J&K Bank’s commitment to customer welfare, stating that while the loss of a loved one can never be replaced, ensuring financial protection through insurance can provide much-needed support to families during difficult times. The successful settlement of MLLS claims is a testament to the Bank’s efforts to provide financial relief to its customers in times of need.