J&K Bank Swiftly Settles Insurance Claims for 40 Grieving Families, Totaling Rs 3.13 Crores.J&K Bank has provided a significant relief to the families of its deceased borrowers by swiftly settling MetLoan & Life Suraksha (MLLS) insurance claims. The bank’s prompt action has helped nearly 40 families from various Budgam Zone branches, easing their financial burdens during a challenging time. The total amount settled for these claims is Rs 3.13 crores.
Timely Financial Relief
The Bank’s Channel Head (Credit Life – PNB MetLife), Irfan Ali Zargar, along with Cluster Heads Javid Rashid Shah and Masood Ahmad Lanker, presented a symbolic cheque of Rs 3.13 crores to the nominees and legal heirs of the deceased. The event was attended by concerned Branch Heads, senior officials of the Bank, and representatives from PNB MetLife.
The claimants expressed deep gratitude for the bank’s support in the timely settlement of their claims. One of the beneficiaries remarked, “We appreciate the Bank’s support in the timely settlement of the claims and are grateful that they covered these loans under insurance. We are also appreciative of PNB MetLife for saving us and freeing us from the trying weight of mounting responsibilities.”
Commitment to Client Welfare
Zonal Head (Budgam), Fayaz Ahmad Bhat, emphasized the importance of insuring loans during his address. He stated, “As a reliable financial partner, J&K Bank is dedicated to offering comprehensive financial solutions that put the well-being of its clients first. The Bank reiterates its commitment to serving its clients in a way that improves their financial circumstances through programs like the quick settlement of insurance claims.”
Advocating for Loan Insurance
Irfan Ali Zargar, Channel Head (Credit Life – PNB MetLife), urged clients to insure their loans to safeguard their families’ financial future. He said, “While we can’t make up for the emotional loss, we can help bereaved families by easing their financial burdens in the event of an emergency.”
Conclusion
J&K Bank’s swift settlement of insurance claims has provided much-needed financial relief to grieving families. The bank’s proactive approach underscores its commitment to the welfare of its clients, ensuring that they are supported during their times of need.