Bank insurance

30% increase in J&K Bank insurance revenues; Making an effort to ensure that the benefits of insurance reach all segments of society: CMD – India Education | Latest Education News | Global education news

JAMMU: Good products and services, better technology, and focused attention on customers are key parts of the success mantra for any business organization. And I’m happy to see our energetic and experienced staff here from the Jammu Division areas, whose dedication and diligence has helped them find their place among the top performers in the life insurance segment of the Bank.

J&K Bank CMD RK Chhibber made the remarks in ‘Leader’s Talk’ at an event held to recognize the Jammu Division Zone Bank champions in the life insurance segment here in Jammu in the presence of MD Pnb MetLife Ashish Srivastava. Bank executive chairman Sunil Gupta, chairman (insurance) Narjay Gupta, area chiefs, heads of business units of Jammu region and other leaders were also present on the occasion.

While expressing his satisfaction with the 30% growth in the Bank’s insurance revenues, CMD RK Chhibber called on Bank staff assigned to operational levels to make sustained efforts to ensure that the benefits of insurance reach all strata of society, including the most marginalized. “In order to increase our bottom line, we need to redouble our efforts to increase non-interest income streams. And life insurance is one of the most under-explored areas, especially Covid right now. Said the CMD.

“We must ensure immediate resolution of deceased claims while keeping the focus on existing customers in addition to educating relevant personnel in this regard in our operational geographic areas,” he added.

Speaking on the occasion, MD Pnb MetLife Ashish Srivastava expressed his gratitude to CMD J&K Bank and assured them to strengthen the two-decade partnership. “We have one of the best claims settlement ratios in the industry in addition to innovative and affordable products available on the market. And today, I assure you all that we will continue to improve our services to match the credibility that J&K Bank brings to this partnership, ”he said.