J&K Bank hands over insurance cheques to kin of deceased

J&K Bank officials presenting insurance cheques to kin of deceased employees in Srinagar and Jammu on Friday.

SRINAGAR: J&K Bank provided two insurance cheques amounting to Rs. 20 lakh and Rs. 10 lakh respectively to the families of its two deceased employees who passed away due to serious ailments during their active service. The Bank also handed over at Jammu the claim cheque of Rs. 15 lakh to the spouse of its valuable customer Irshad Ahmed, who had died in an accident while driving his vehicle,
The bank’s Zonal Head Kashmir (Central I) Syed Rais Maqbool at Srinagar handed over the two cheques to the spouses of the deceased at the Bank’s Zonal Office. Highlighting the need to maintain the wellbeing of employees and their families, Zonal Head said that in order to keep the dependents of deceased employees insulated against financial insecurities, J&K Bank comprehensively covers all its employees under Term Life and Accidental Insurance policies.
The deceased employees, Fayaz Ahmad Bhat (Senior Executive) and Shakeel Ahmad Pandit (Banking Attendant), were covered under the Group Insurance Policy for the bank’s staff.
Meanwhile, Bank’s Zonal Head Jammu (North I) Vibhakar Khajuria alongwith Cluster Head (Doda), officials of Bajaj Allianz General Insurance Company Limited and other bank officers while presenting the insurance claim cheque to the spouse of the deceased customer said that J&K Bank always ensures that all registered and eligible claims are settled expeditiously.