J&K Bank Vice- President (insurance), Mr. M A Kawoosa, today handed over a cheque of Rs. 2,35,583 (Rupees Two lac thirty five thousand five hundred and eighty three) to the widow of one Mr. Abdul Rashid Bhat at the Bank's Corporate Headquarters.
Mr. Abdul Rashid Bhat, a resident of Harwan, had got himself insured with MetLife India in the month of February this year through New Theed branch of the bank. Unfortunately he was killed in a road accident after a few months of the insurance cover.
The deceased had insured himself for the assured sum of Rs. 1.15 lacs with accidental insurance cover for the same amount against the payment of a premium instalment of Rs. 5583.
"The bank took all the pains to complete the formalities which were required for smooth settlement of the insurance claim," said the widow of the deceased while receiving the cheque. It is worth mentioning that J&K Bank is offering insurance products, both life and non-life, to its customers across its network of 544 branches. In life insurance, the Bank is the partner and corporate agent of MetLife India, while as it distributes non-life products of Bajaj Allianz through its branches