Jammu and Kashmir Bank has provided financial relief to the families of deceased borrowers by settling MetLoan & Life Suraksha (MLLS) insurance claims across its Delhi Zone branches. The bank has disbursed claims amounting to Rs 39 lakh to ten families, easing their financial distress during difficult times. A ceremony was held to symbolically display the disbursed amount, attended by senior officials from the bank and its insurance partner, PNB MetLife.
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. The bank’s General Manager and Divisional Head, Rajesh Gupta, emphasized the importance of insuring loans for financial security, encouraging customers to secure their borrowings under MLLS to ensure their loved ones are not left with financial liabilities in unforeseen circumstances.
The bank’s AGM, Dorjey Angchuk, highlighted the benefits of MLLS, including a single premium option available with bank funding, which safeguards borrowers’ families in terms of financial stability. Irfan Ali Zargar, Associate Director and Head of PNB MetLife, reaffirmed the bank’s commitment to customer welfare, emphasizing the crucial role of loan insurance in providing financial protection to families during difficult times.
The settlement of MLLS insurance claims is a significant step towards providing financial relief to bereaved families. The bank’s efforts to promote loan insurance and provide timely settlement of claims demonstrate its commitment to customer welfare and financial security. The partnership between Jammu and Kashmir Bank and PNB MetLife has ensured that the families of deceased borrowers receive the necessary financial support, helping them to cope with their loss and maintain their financial stability.
The ceremony was attended by senior officials from the bank and PNB MetLife, including Branch Heads, Manager Advances, and Regional Manager Peer Jeelani. The event highlighted the importance of loan insurance and the bank’s efforts to promote financial security among its customers. The settlement of MLLS insurance claims is a testament to the bank’s commitment to customer welfare and its efforts to provide financial relief to those in need.