Jammu and Kashmir Bank has demonstrated its commitment to customer welfare by facilitating the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims for the bereaved families of its deceased borrowers in the Baramulla Zone. A total amount of Rs 2.09 Crores has been disbursed to 57 families, bringing much-needed financial relief during difficult times. The settlement was made possible through the bank’s partnership with PNB MetLife, and a symbolic cheque representing the total amount was displayed during a brief ceremony in Baramulla.
The ceremony was attended by senior officials from the bank and PNB MetLife, including Zonal Head Imtiyaz Ahmad Bhat and Associate Director Irfan Ali Zargar. The legal heirs and nominees of the deceased borrowers expressed their heartfelt gratitude for the timely support, stating that the bank’s efforts to get the loans insured and ensure prompt settlement of claims have been crucial in reducing financial stress during a difficult time.
Imtiyaz Ahmad Bhat highlighted the importance of loan insurance in mitigating the financial impact of unforeseen events, stating that the MLLS scheme provides financial security for borrowers and their families. He emphasized that the bank believes in supporting its customers through every phase of life and that the scheme ensures critical relief to customers and their families during their toughest moments.
Irfan Ali Zargar also reiterated the importance of loan insurance, stating that while emotional loss cannot be replaced, financial stability can be provided to families facing unforeseen circumstances. The settlement represents the joint commitment of the bank and PNB MetLife to fulfilling their promises and providing timely assistance to valued customers. The bank’s efforts to facilitate the swift settlement of insurance claims demonstrate its commitment to customer welfare and its dedication to providing financial support to those in need.