J&K Financial institution settles MLLS insurance coverage claims

Excelsior Correspondent

JAMMU, Mar 18: J&Okay Financial institution at present facilitated the swift settlement of MetLoan & Life Suraksha (MLLS) insurance coverage claims of its deceased debtors who had their accounts in several branches of the Financial institution’s Udhampur Zone.
The claims price Rs 2.34 crores have been paid to 48 households releasing them from the extreme monetary disaster.
The Financial institution’s Zonal Head (Udhampur) Rajesh Gupta and Zonal Head (Credit score Life – PNB MetLife) Irfan Ali Zargar displayed the symbolic cheque of Rs 2.34 cr – an quantity that was handed over to the nominees/authorized heirs of the deceased clients – in presence of Zonal Insurance coverage Coordinator Raghuveer Singh, Department Heads and different officers of the Financial institution and PNB MetLife together with Regional Supervisor Ravi Sharma.
Talking on the event, J&Okay Financial institution, Zonal Head (Udhampur) Rajesh Gupta stated, “With a single-premium possibility alongside the financial institution funding accessible for the purchasers, we will safeguard the households of debtors and the pursuits of our establishment in case of such unexpected eventualities. Let’s all the time advise the debtors to get their loans insured for the long run wellbeing of their very own households.”
Whereas reminding the purchasers of the goodwill of J&Okay Financial institution, Zonal Head (Credit score Life – PNB MetLife) stated that the Financial institution all the time advises its purchasers to get their loans insured in order that their family members are taken care of in case of such unseen contingencies.
“We could not have the ability to compensate the emotional lack of life however with good insurance coverage merchandise we will all the time help the bereaved households by relieving them of their monetary burden”, he added.