Srinagar, Dec 23: In a major relief to families facing personal loss, Jammu and Kashmir 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 the bank’s Anantnag Zone. The claims have benefited 38 bereaved families, helping ease their financial burden at a particularly difficult time.
The symbolic cheque representing the disbursed amount was displayed during a brief ceremony by the bank’s Zonal Head (Anantnag), Khavar Mehraj Handoo, along with Associate Director and Head of PNB MetLife, Irfan Ali Zargar.
The event was attended by Cluster Head (Anantnag) Masood Ahmad Lankar, In-charge Credit Showkat Ahmad Naikoo, Zonal Insurance Coordinator Mohammad Naveed Keen, branch heads and managers (advances) of the concerned branches. Senior officials from PNB MetLife, including the Regional Manager, Regional Sales Manager and Senior Territory Manager, were also present.
The beneficiaries expressed gratitude to the bank and its insurance partner for the timely support. “We are thankful to the bank for insuring these loans and ensuring prompt settlement of the claims. The support extended by J&K Bank and PNB MetLife has lifted a significant financial burden from our family during an extremely difficult period,” said one of the claimants.
Speaking on the occasion, Handoo underlined the importance of loan insurance in protecting families against unforeseen circumstances. “In times of distress, insured loans provide vital financial relief to bereaved families. By encouraging customers to cover their borrowings under MetLoan & Life Suraksha, we aim to ensure that their loved ones are not left with financial liabilities in the event of any contingency,” he said.
Reaffirming the commitment of the insurance partner, Zargar said every claim reflected the trust customers place in the institution. “Insurance is not just about protection; it is about keeping the promises we make to our customers and their families. When life takes an unexpected turn, people count on us to stand by them and honour that trust,” he said.
