Quick settlement of insurance claims relieves families of J&K Bank customers

  • Srinagar
  • 02 Feb 2024

In a massive relief to the bereaved families, J&K Bank facilitated swift settlement of insurance claims of fifteen deceased borrowers who belonged to the Baramulla Zone and had their accounts in different branches of the Bank.  The claims worth Rupees Forty Three Lacs and Ninety Five Thousand (Rs 43.95 Lacs) under MetLoan & Life Suraksha (MLLS) were paid to the legal heirs of the deceased customers during last few months.

The Bank’s Cluster Head (Baramulla) Sheikh Mohammad Muzaffar handed over one of the symbolic cheques to the nominee and legal heir of a deceased customer in presence of Zonal Head (Credit Life - PNB MetLife) Irfan Ali Zargar, Branch Head (Azad Gunj) Mohammad Yaqoob and other officials of the Bank and PNB MetLife including Regional Manager Showkat Ahmad Lone.

Expressing their profound gratitude to the Bank and its Insurance partner PNB MetLife for ensuring the swift settlement of their claims, the recipients of cheques described the payment as a great relief for their families during these difficult times.

While handing over the cheques, both the Bank officials and representatives of insurance company highlighted the importance of the timely insurance of loans. “With a single-premium option alongside the available bank-funding, borrowers can safeguard their families against such unforeseen eventualities”, said the Cluster Head as he urged the customers to get their loans insured under various available schemes.

Referring to the descriptions voiced by the family members of the deceased clients, Zonal Head (Credit Life - PNB MetLife) reminded the customers of the goodwill that J&K Bank has for its customers. “Being the well-wisher of its customers, J&K Bank always counsels its clients to get their loans insured so that their loved ones are taken care of, in case, unpredictable eventualities put difficult financial burden upon them”, he said.