J & K Bank Settles Insurance Claims Worth Rs 1.52 Cr, Provides Financial Relief To 42 Families

(MENAFN- Kashmir Observer) Srinagar- In a major relief to bereaved families during their time of loss, J&K bank has facilitated the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims for its deceased borrowers from various branches in the Pulwama Zone. The claims amounting to Rs 1.52 Cr, have been paid to 42 bereaved families, thereby alleviating their financial burdens during a difficult time.

The Bank's Zonal Head (Pulwama) Shaista Manzoor Khan along with Associate Director & Head -(JKB Relationship & Credit Life – PNB MetLife) Irfan Ali Zargar and Cluster Head (Shopian) Asif Rasool Kanu displayed the Symbolic Cheque of Rs 1.52 Cr in presence of various Branches Managers of Pulwama zone, Zonal Insurance Coordinator Zaffer Tahir Andrabi and other senior officials of the Bank and PNB MetLife including Regional Manager Peer Jeelani.

The recipients of the claims have expressed their gratitude towards J&K Bank and its insurance partner, PNB MetLife, for their prompt support.“We are thankful to the Bank for insuring these loans and appreciate the timely settlement of claims. PNB MetLife's assistance has been crucial in lifting the heavy financial burden during this difficult time,” said one of the claimants.

On this occasion, Zonal Head (Pulwama) Shaista Manzoor Khan emphasized the importance of loan insurance, particularly in mitigating the financial stress of families during challenging times.“As responsible bankers it is our duty to protect the interests of our customers especially in the face of such hardships. In fact, by securing loans through MLLS, we safeguard the financial interests of all the stakeholders involved.”

Meanwhile, PNB MetLife's Associate Director & Head (PMLI) Irfan Ali Zargar reiterated that the Bank always advises its clients to get their loans insured so that their loved ones are taken care of in case of such unseen contingencies.“While we cannot compensate for the emotional loss, promoting good insurance products can support bereaved families and relieve them of financial burdens during such challenging times,” he said.

Read Also J&K Bank Settles Insurance Claims Worth Rs 1.23 Crore J&K Bank Signs MoU With CNH Industrial To Boost Agricultural Financing

Follow this link to join our WhatsApp group : Join Now

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW

MONTHLY	Rs 100

YEARLY	Rs 1000

LIFETIME	Rs 10000

CLICK FOR DETAILS

MENAFN30112024000215011059ID1108942001

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.