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Bank refunded insurance premium after borrower’s death, denied claim; family gets relief

A consumer commission ruled against Jammu and Kashmir Bank and PNB MetLife India Insurance. The bank reversed a loan insurance premium after the borrower's death. This action denied benefits to the deceased's family, which was deemed unfair. The commission ordered the bank and insurer to…

July 21, 2026 World The Times of India

A consumer commission ruled against Jammu and Kashmir Bank and PNB MetLife India Insurance. The bank reversed a loan insurance premium after the borrower’s death. This action denied benefits to the deceased’s family, which was deemed unfair. The commission ordered the bank and insurer to…

This story was indexed from the original publisher. Read at The Times of India

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