Srinagar- In a major relief to the affected families, J&K Bank facilitated the swift settlement of twenty-two MetLoan & Life Suraksha (MLLS) insurance claims of its deceased borrowers who had their accounts in different branches of the Bank. The claims worth Rs 78.32 Lacs were paid to the family members of deceased customers belonging to Pulwama zone during the last few months.
The Bank’s Zonal Head (Pulwama) Tariq Ali handed over the symbolic cheques to the nominees/Legal Heirs of the deceased customers in presence of Cluster Head (Pulwama) Neelofar Jan, Cluster Head (Shopian) Bashir Ahmad Bhat, Zonal Head (Credit Life – PNB MetLife) Irfan Ali Zargar, Zonal Insurance Coordinator Zaffar Tahir Andrabi, Branch Heads and other officials of the Bank and PNB MetLife.
Expressing gratitude to the Bank and its Insurance partner PNB MetLife, claimants described settlement of their claims as a big relief for the families during the toughest time of their lives.
Speaking on the occasion, officials from both the Bank and insurance company highlighted the significance of loan-insurance. “With a single-premium option alongside the bank funding available for the customers, borrowers can safeguard their families against such unforeseen eventualities”, said Zonal Head while urging the borrowers to opt for insuring their loans under different available schemes.
On the occasion, Irfan Ali Zargar of PNB MetLife, reminded the customers of the goodwill of J&K Bank, which he said, always advises its clients today get their loans insured so that their loved ones are taken care of, in case, unpredictable eventualities put difficult financial burden upon them.
Notably, earlier also the zone witnessed the sudden death of many borrowers, which has severely impacted their families in the form of huge financial burdens.