By Tricitynews Reporter
Chandigarh
13th April:- PNB MetLife, among India’s leading
life insurance companies, along with its partner Jammu & Kashmir Bank
(JKB) announced the launch of JKB
Family Protection Savings Bank Account. Technology is an integral
part of this solution keeping in mind the J&K terrain. The partners worked
together to develop a technology based platform to host this solution and
enhance customer and employee experience.
JKB Family Protection Savings Bank
Account is essentially a savings bank account with an element of protection
built in. This combination of savings and financial protection to their
customers with simplicity and ease of on boarding will further help JKB in its endeavour
for “Financial inclusion and Financial Deepening”- savings account for all and
provide financial protection to their customers. It is one of a kind being
innovative, real time integrated and secured solution between various systems
of J&K Bank like Core banking, portals, satellite applications, and that of
PNB MetLife systems. J&K Bank employees and customers can enjoy a
seamless experience of not only sourcing and servicing by trust based login to
PNB MetLife systems but also a single platform for a lot of other insurance
information like knowledge centre for JK Bank employee. The core integration
bundled with security measures like trust based login gives an enhanced and
secured experience on various existing processes.
Speaking on this solution, Samrat Das, CIO, said that digitization
is providing a huge impetus to financial inclusion. However, to deepen the
impact and reach in challenging terrains such as Jammu & Kashmir,
customized platforms and propositions are required. JKB Family Protection
Savings Bank Account is a path-breaking technology based project leading to the
launch of an integrated banking solution.
He added that PNB MetLife team and
the JKB team worked together to overcome many issues and launch the innovative
technical bundled solution across 850+ branches in the state. This product is a noteworthy step
towards making the relationship between J&K Bank and PNB Metlife stronger
while serving the customers best.
PNB MetLife embarked on their
journey with J&K Bank in 2002 and since then they have covered lives of
close to 350,000 customers of J&K Bank with life cover amounting to approx.
Rs 11,000 cr.
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