The Jammu and Kashmir Bank has provided significant relief to 38 families who have lost their loved ones by settling insurance claims worth Rs 1.94 crore under its MetLoan & Life Suraksha (MLLS) product. The claims were facilitated by the bank’s Anantnag Zone, and the symbolic cheque was presented to the beneficiaries during a ceremony. The event was 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 the timely support, stating that the financial assistance has lifted a significant burden from their families during a difficult time. The bank’s Zonal Head, Khavar Mehraj Handoo, emphasized the importance of loan insurance in protecting families against unforeseen circumstances. He encouraged customers to cover their borrowings under MLLS to ensure that their loved ones are not left with financial liabilities in the event of any contingency.
The insurance partner, PNB MetLife, also reaffirmed its commitment to honoring the trust placed in the institution by its customers. According to Irfan Ali Zargar, Associate Director and Head of PNB MetLife, every claim reflects the trust customers have in the institution, and it is the company’s responsibility to stand by them and honor that trust during difficult times.
The settlement of these claims demonstrates the bank’s and its insurance partner’s dedication to providing vital financial relief to bereaved families. The MLLS product is designed to protect families against unforeseen circumstances, and the bank’s efforts to encourage customers to cover their borrowings under this product have paid off. The timely settlement of these claims has brought relief to the affected families, and the bank and PNB MetLife have reiterated their commitment to supporting their customers during difficult times.
The ceremony was attended by senior officials from the bank and PNB MetLife, including the Cluster Head, In-charge Credit, Zonal Insurance Coordinator, and branch heads and managers. The event highlighted the importance of insurance in protecting families against financial liabilities and the bank’s and its insurance partner’s commitment to providing support during difficult times. Overall, the settlement of these claims is a significant relief to the affected families, and it demonstrates the bank’s and PNB MetLife’s dedication to their customers.