Srinagar, Aug. 14 -- Srinagar- In a major relief to a bereaved family, J&K Bank has facilitated the settlement of life insurance claims worth Rs.2.55 crore for 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, was completed swiftly, providing financial support to the family at a difficult time and underscoring the importance of adequate life insurance protection, a J&K Bank spokesman told Kashmir Observer.

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-settleme...