J&K Bank facilitated the settlement of life insurance claims amounting to Rs 2.55 crore in favour of the legal heirs of a deceased High Net Worth Individual (HNI) customer of its Residency Road branch in Srinagar.
The settlement, covering multiple insurance policies, provided financial support to the bereaved family and underscored the importance of adequate life insurance in safeguarding the financial future of dependents.
At a function held to mark the settlement, J&K Bank’s Zonal Head, Srinagar, Sheikh Mohammad Muzaffar, along with PNB MetLife Associate Director and Relationship Head Irfan Ali Zargar, handed over a symbolic claim-settlement cheque to Residency Road Branch Head Tajamul Qadri.
The event was attended by Project Head Sheikh Yasir Arafat, Regional Manager Sajid Ali Khan and Zonal Insurance Coordinator Tahseena. Speaking on the occasion, Sheikh Mohammad Muzaffar said the settlement demonstrated the value of insurance during times of adversity.
“The settlement demonstrates the true value of insurance during times of adversity. While no financial compensation can make up for the loss of a loved one, adequate insurance protection can help a family retain financial stability and face the future with greater confidence,” he said.
He encouraged customers to periodically review their insurance and protection requirements and opt for suitable insurance solutions available through the Bank to safeguard the long-term financial well-being of their families.
Reaffirming the insurance partner’s commitment to policyholders, PNB MetLife Associate Director and Relationship Head Irfan Ali Zargar said every claim reflected the trust customers placed in the institution.
“Every claim tells a story of trust placed in us. Insurance is not just about financial protection; it is about keeping promises to our customers and their families. When life takes an unexpected turn, they count on us to stand beside them. We deeply value this faith, and nothing gives us greater fulfilment than honouring that trust,” he said.
