J&K Bank facilitates swift settlement of insurance claims worth Rs 1.94 Cr
J&K Bank swiftly settled insurance claims totaling Rs 1.94 crore for deceased borrowers, benefiting 38 families in Anantnag Zone.Summary
Jammu and Kashmir Bank (J&K Bank) has facilitated the swift settlement of insurance claims worth Rs 1.94 crore under its MetLoan & Life Suraksha (MLLS) product for deceased borrowers from its Anantnag Zone. This has provided significant financial relief to 38 bereaved families. The settlement ceremony, attended by J&K Bank's Zonal Head Khavar Mehraj Handoo and PNB MetLife's Irfan Ali Zargar, highlighted the importance of loan insurance in protecting families against unforeseen circumstances. Beneficiaries expressed gratitude for the timely support, emphasizing the reduction of financial burden during a difficult time. J&K Bank aims to ensure that loved ones are not left with financial liabilities through the MetLoan & Life Suraksha product, while PNB MetLife reaffirmed its commitment to honoring promises and providing support to customers and their families during challenging times.
(Source：Greater Kashmir)