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The Jammu and Kashmir Bank has facilitated the quick settlement of insurance claims under its MetLoan & Life Suraksha (MLLS) product for 48 families in the Srinagar Zone, totaling Rs 1.53 crore. This has provided significant relief to the bereaved families and eased their financial burdens during difficult times. The insurance claims were settled through the bank’s insurance partner, PNB MetLife, and were handed over to the families in the presence of senior officials from the bank and PNB MetLife.
The claimants expressed gratitude to the bank and PNB MetLife for their timely support, stating that the insurance cover has relieved them of a significant financial burden. They emphasized the importance of insuring loans to secure the financial future of families and praised the bank’s commitment to safeguarding customer interests through timely and customer-centric products and services.
Raja Zaffer Khan, Zonal Head of Jammu and Kashmir Bank, highlighted the significance of insuring loans to reduce the financial burden on families during challenging times. He emphasized the bank’s commitment to settling claims swiftly and encouraged branches to ensure that every claim is settled promptly in case of the borrower’s death. Cluster Heads, Shabir Ahmad Bulla and Asmat Ara, also stressed the importance of insuring loans, stating that it can reduce the financial burden on families during difficult times.
Irfan Ali Zargar, Associate Director and Head of PNB MetLife, advocated for customers to consider loan insurance for their peace of mind. He noted that while insurance cannot compensate for emotional loss, it can provide much-needed financial support to bereaved families, relieving them of the burden of liabilities in unforeseen circumstances. The event was attended by senior officials from the bank and PNB MetLife, including Regional Manager Mudasir Hassan Khanyari and Area Manager Zubair Ahmad Dar. Overall, the settlement of insurance claims has brought relief to the affected families and highlights the importance of insurance in securing the financial future of families.