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UNCLAIMED DEPOSIT POLICYHOLDERS
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', ...- Health insurance claim settlement lapses: Rs 1 crore penalty imposed on Care Health Insurance by IRDAIIndia's insurance watchdog, IRDAI, has fined Care Health Insurance Rs 1 crore. The penalty stems from serious lapses in how the company han...
- 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...
- 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...
- IRDAI issues new circular to help speedy disbursal of unclaimed insurance moneyDue to an increase in unclaimed amounts and concerns from insurers over regulatory compliance, the Insurance Regulatory & Development Autho...
- 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...
- 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...
- Nearly Rs 49,000 crore lying unclaimed with banks, insurers: KaradGiving the details in a written reply, the minister said as per information received from the Reserve Bank of India (RBI), the total amount...
- 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...
- Rs 32,000 crore as unclaimed deposits with banks and insuresCountry’s largest insurer, Life Insurance Corporation (LIC) alone holds Rs 12,892 crore as unclaimed deposit.
- 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.
- Transfer unclaimed deposits to welfare fund by March 1: Irda to insurersThe directive comes under the Department of Economic Affairs accounting procedure for transfer of funds to the Senior Citizens' Welfare Fun...
- Insurance funds pile up for want of bank account; insurers bank on Jan Dhan YojanaData released by the govt in response to a Parliament query shows that as much as Rs 5,848 crore is lying unclaimed with insurance companie...
- IRDA directs insurers to pay out dues to policyholders on timeIt has directed insurers to oversee timely payouts through a Policyholder Protection Committee in order to bring better governance and tran...
- 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 ...
- Ulips: A host of new regulationsThe battle with Sebi has forced IRDA to issue a host of new regulations which will change the way ULIPs are positioned.
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