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POLICYHOLDERS UNCLAIMED MONEY
Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
“Misselling isn’t just about commissions”: Bandhan Life CEO on insurance reality checkSatishwar B., MD and CEO, Bandhan Life Insurance, discusses the Public Insurance Registry, Bima Sugam, misselling and commissions, in a con...
Insurance mis-selling in India: How banks and agents push mis-sold policiesFinancial year-end targets fuel aggressive sales tactics in insurance. Customers are being sold policies they do not need, often through co...
Have unclaimed insurance amount? Here’s how to check and claim your hidden wealthOver Rs 25,000 crore remains unclaimed in Indian insurance policies due to forgotten claims or unaware nominees. Tracking and claiming thes...
How to claim your inheritance — property, EPF, bank FDs, mutual fundsNavigating the inheritance of assets following a loved one's death can be a daunting task. Families are tasked with understanding the legal...
How to locate a deceased’s bank accounts, property, cryptocurrency and other assets in IndiaUnclaimed assets of deceased individuals pose a significant challenge in India. Vast sums lie unclaimed across banks, insurance, and provid...
Life insurance companies hold Rs 22,237 crore in unclaimed funds – Here's why no one is claiming itIn India, life insurance companies had Rs 22,237 crore in unclaimed funds at the start of 2023-24. The IRDAI's June-November 2023 campaign ...
LIC unclaimed maturity amount at Rs 880.93 crore in FY2024: How to check if there is any unclaimed amount in your LIC policyLIC has unclaimed maturity amounts of Rs 880.93 crore in 2023-24. Over 3.7 lakh policyholders have failed to collect their funds in the fin...
LIC's unclaimed maturity amounts stand at Rs 881 crore in FY24LIC reported unclaimed maturity amounts of ₹880.93 crore in FY24, slightly up from the previous year. The government is employing various m...
How to pick the right nominee for life insurance, bank account, PPF, EPF, mutual funds, stocksWhile a nominee is only a custodian of your assets, choosing the right one can ensure that your legal heirs get their inheritance rightly a...
How to check if there is any amount unclaimed under LIC policyIf any money is left unclaimed for more than 10 years, all the amount is transferred to the Senior Citizen Welfare Fund, such funds are use...
Unclaimed funds with banks, insurance companies near Rs 50,000 croreIn case of banks, change of residence is seen to be a major source of funds lying idle as an account holder may not go back to another city...
Rs 82,000 crore lying in unclaimed bank a/cs, life insurance, mutual funds, PF: How to get your money backET Wealth estimates that more than Rs 82,000 crore of investor wealth is lying unclaimed in forgotten and lost investments. There are uncla...
Unclaimed shares, insurance, deposits: How to find and get your dues backCrores of rupees are lying with banks, and other organisations. Here’s how you can get back your money.
Crores lie unclaimed with insurers. Here's how to find out if any is yoursAs much as Rs 15,167 cr of policyholder's money was lying unclaimed with life insurers as on March 31, 2018.
Rs 15,167 crore unclaimed money of policyholders lying with insurersLIC has Rs 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore.
Policyholders will be able to get details of unclaimed insurance online“Now, policyholders or their nominees will be able to access information pertaining to their own policies and claim the amount due to them,”
Insurance trap: How to see through agents' deceitInsurance agents are using all kinds of baits to trap investors. Here's how to see through the subterfuge.
LIC tracks down clients, settles 89k unclaimed policiesLife insurance sector holds about Rs 2,000 crore in unclaimed funds, with the private sector insurers accounting for about 45%.
Rs 26,000 crore left unclaimed in bank, provident fund accountsInvestors have not claimed over Rs 26,000 crore from their provident fund (PF) accounts, insurance companies and bank fixed deposits, data ...