Excelsior Correspondent
SRINAGAR, Jan 11: Today, J&K Bank ensured the quick disbursement of insurance claims under the MetLoan & Life Suraksha (MLLS) scheme for its deceased clients.
A total of Rs 1.65 Crores was allocated to the nominees of approximately 35 affected families, whose accounts were held at various branches within the Bank’s Budgam Zone.
During the event, Zonal Head Fayaz Ahmad Bhat stressed the critical nature of loan insurance for safeguarding both borrowers and their families.
He stated, “This effort underscores our dedication to protecting the interests of our clientele and the Bank. Insuring loans alleviates the financial strain on families during difficult periods. By opting for MLLS with a one-time premium funded through the loan, customers can secure their families’ futures against unexpected challenges.”
Associate Director Irfan Ali Zargar remarked, “While we cannot fill the emotional void left by the loss of a loved one, we can certainly offer financial support to grieving families. By endorsing substantial insurance products like MLLS, we aim to mitigate the financial strain on families during such unforeseen events.”
The symbolic cheques were presented by the Bank’s Zonal Head (Budgam) Fayaz Ahmad Bhat and Associate Director & Head (PMLI) Irfan Ali Zargar in the presence of Cluster Head (Ganderbal) Javid Rashid Shah, Cluster Head (Budgam) Masood Ahmad Lanker, Branch Managers and Manager Advances from Budgam, Zonal Insurance Coordinator Sajad Ahmad Farooqi, along with senior officials from both the Bank and PNB MetLife’s Regional Manager Mudasir Hassan Khanyari and Area Manager Younis Ahmad Bazaz.
