J&K Bank provides swift relief to 99 bereaved families, disburses Rs 4.41 Cr in insurance claims In a significant relief to bereaved families during their time of loss, J&K Bank has facilitated the swift settlement of Met Loan & Life Suraksha (MLLS) insurance claims for deceased borrowers across various branches in the Baramulla Zone. The claims, amounting to Rs 4.41 Crore, have been disbursed among 99 families, easing their financial burden during a difficult phase. On the occasion, the Bank’s DGM & Zonal Head (Baramulla) Tanveer Ahmad Najar, along with PNB MetLife’s Associate Director & Relationship Head Irfan Ali Zargar, symbolically displayed a cheque of Rs 4.41 Crore representing the total claim amount disbursed to the nominees/legal heirs of the deceased customers. The event was also attended by Cluster Head (Baramulla) Masood Ahmad, Cluster Head (Kupwara) Abdul Majid Bhat, Cluster Head (Sopore) Mehboob Allahi Khan, Cluster Head (Bandipora) Mohammad Muzaffar, Zonal Coordinator Kaiser Ahmad Tantray, besides various Branch Heads, Manager Advances of respective branches, and officials from PNB MetLife. The recipients of the claims expressed their gratitude towards J&K Bank and its insurance partner PNB MetLife for their prompt support. "We are thankful to the Bank for insuring these loans and greatly appreciate the timely settlement of claims. PNB MetLife’s support has also been crucial in lifting the heavy financial burden during this difficult time faced by our family," said one of the claimants. Speaking on the occasion, Zonal Head (Baramulla) Tanveer Ahmad Najar emphasized the importance of loan insurance, particularly in mitigating financial stress for families during challenging times. "When customers face hardships, it is our duty to ease their burden. By securing loans through Met Loan & Life Suraksha, we safeguard the financial interests of all stakeholders involved." Present on the occasion, Associate Director & Relationship Head – PNB MetLife Irfan Ali Zargar remarked, “Every policy we issue carries a promise to be there for our customers when they need us most. Our customers place their trust in us to protect their future and support their families. These are the moments that matter. And these moments are why we exist.” #JKBank #JKBank
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Highlights: 1. Editorial on KYC and its role in banking industry. 2. J&K Bank holds CERSAI's 23rd national awareness program. 3. J&K Bank’s Chief Information Security Officer talks about online loan frauds and prevention thereof. 4. J&K Bank renews MOU with Shri Mata Vaishno Devi Shrine Board. 5. Segment on Doorstep banking. 6. Information regarding aadhaar linkage. 7. Lucky Draw & Weekly Quiz Contest (Send in your entries to jkbankdiary@jkbmail.com.** **Please dont forget to mention your name, residence, phone number and 16 digit bank account number in the mail).