The Jammu and Kashmir (J&K) Bank has facilitated the swift settlement of insurance claims for five families of deceased borrowers in its Mumbai zone, providing relief from financial burdens. The claims worth Rs 80 lakhs were paid under the bank’s MetLoan & Life Suraksha (MLLS) product, which provides life insurance coverage to borrowers. The settlement was enabled through the bank’s partnership with PNB MetLife.
The event was attended by senior officials of the bank and PNB MetLife, including the General Manager, Divisional Head, and Associate Director. The claimants expressed their gratitude for the quick redressal, appreciating the bank and PNB MetLife for their timely support. They praised the swift settlement, which relieved them of a significant financial burden.
The bank’s officials emphasized the importance of insuring loans to secure the financial future of families. They highlighted the benefits of products like MLLS, which can reduce the financial burden on borrowers and their families during challenging times. PNB MetLife’s Associate Director and Head also urged customers to consider loan insurance for their peace of mind, saying it can provide much-needed financial support to bereaved families.
This initiative demonstrates the bank’s commitment to providing customer-centric products and services, ensuring the well-being of its customers and their families. The settlement of claims under MLLS has brought relief to the affected families, and this initiative will continue to support them during difficult times.