The Jammu and Kashmir Bank has facilitated the settlement of insurance claims worth Rs 2.02 crore under its MetLoan & Life Suraksha (MLLS) scheme, benefiting 38 families of deceased borrowers in the Kathua Zone. The scheme provides timely financial relief to families during difficult circumstances, easing the burden of loan repayment. The symbolic cheque representing the total claim amount was displayed by the Bank’s Zonal Head, Suresh Kumar Chowdhary, and PNB MetLife’s Associate Director, Irfan Ali Zargar.
The nominees and legal heirs who received the insurance benefits expressed gratitude to the Bank and its insurance partner for the timely and seamless settlement of claims. One of the beneficiaries thanked the Bank for ensuring that the loans were insured and for facilitating the prompt settlement of claims, which has helped their family cope with financial challenges during a difficult phase.
The Zonal Head, Suresh Kumar Chowdhary, highlighted the importance of loan-linked insurance in safeguarding families against unforeseen adversities. He emphasized that the Bank’s responsibility is to stand by its customers and their families in times of distress, ensuring that financial liabilities do not compound the emotional trauma faced by bereaved families.
PNB MetLife’s Associate Director, Irfan Ali Zargar, reiterated the company’s commitment to policyholders, stating that every claim tells a story of trust placed in them. He emphasized that insurance is not just about protection, but also about keeping promises made to customers and their families. The quick settlement of claims reflects the Bank’s customer-centric approach and its continued focus on providing comprehensive financial security solutions in partnership with trusted insurers.
The settlement of claims under the MLLS scheme demonstrates the Bank’s efforts to support bereaved families during moments of personal loss. The scheme provides a safety net for families, ensuring that they do not face financial difficulties in the event of the borrower’s demise. The Bank’s partnership with PNB MetLife has enabled it to provide timely and efficient insurance services to its customers, setting an example for other banks to follow. Overall, the initiative showcases the Bank’s commitment to its customers’ well-being and its role in providing financial security and support during difficult times.