Srinagar, Dec 23: In a significant relief to bereaved families, J&K Bank has facilitated swift settlement of insurance claims under its MetLoan & Life Suraksha (MLLS) product for its deceased borrowers from the Bank’s Anantnag Zone. Claims amounting to Rs 1.94 crore have been disbursed to 38 families, significantly easing their financial distress at a difficult juncture.
In a brief ceremony, the symbolic cheque representing the disbursed amount was displayed by the Bank’s Zonal Head (Anantnag) Khavar Mehraj Handoo along with PNB MetLife’s Associate Director & Head Irfan Ali Zargar in the presence of Cluster Head (Anantnag) Masood Ahmad Lankar, In-charge Credit Showkat Ahmad Naikoo, Zonal Insurance Coordinator Mohammad Naveed Keen, Branch Heads and Manager Advances of the respective branches. Senior officials from PNB MetLife, including the Regional Manager, Regional Sales Manager and Senior Territory Manager were also present on the occasion.
Expressing their gratitude, the beneficiaries appreciated J&K Bank and its insurance partner PNB MetLife for their prompt support. “We are thankful to the Bank for insuring these loans and ensuring timely settlement of the claims. The support extended by J&K Bank and PNB MetLife has lifted a significant financial burden from our family during this extremely difficult time,” said one of the claimants.
Speaking on the occasion, Zonal Head (Anantnag) Khavar Mehraj highlighted the importance of loan insurance in safeguarding families against unforeseen circumstances. He said, “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 try to ensure that their loved ones are not left with financial liabilities in the event of any contingency.”
Reiterating the commitment of the insurance partner, Associate Director & Head Irfan Ali Zargar said, “Every claim tells a story of trust placed in us. We understand that insurance is not just about protection—it is also about keeping the promises we make to our customers and their families. When life takes an unexpected turn, our customers count on us to stand beside them and deliver on that promise. We value the faith our customers place in us, and nothing gives us greater fulfilment than honoring their trust.”
Notably, aimed at extending convenience to the people during their difficult times, the Bank organizes such events to highlight customer welfare as its top priority and reinforce its role as a trusted financial partner to the people across its areas of operation.
