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UNCLAIMED INSURANCE IN INDIA
Rs 10,000 monthly investment in post office RD vs SBI RD: Where will you get higher maturity amount in 5 years?Investing Rs 10,000 monthly in a Post Office Recurring Deposit for five years yields a higher maturity amount than an SBI RD. The Post Offi...- 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', ...
- Your monthly spend also decides how soon you can retire: Expense tracking apps, AI tools are changing how Indians investExpense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping ...
- UDGAM portal facilitates users to search unclaimed deposits across multiple banks: RBI to SCThe submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...
- Unclaimed amount transferred by PSBs to RBI fund at Rs 60,518 crore: MoS FinanceUnclaimed funds in public sector banks, insurance companies, and mutual funds have reached significant levels. Banks hold Rs 60,518 crore, ...
- Rs 2,000 cr returned so far under 'Your Money, Your Right' initiative; PM urges citizens to claim unclaimed assetsNearly 2,000 crore rupees have been returned to citizens through the 'Your Money, Your Right' initiative. This government program helps peo...
- FinMin, RBI working on portal to help citizens claim unclaimed assets: DFS SecyThe finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...
- 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...
- FM Nirmala Sitharaman launches 'Your Money, Your Right' campaignThe finance minister underlined the importance of the "3 A's" - Awareness, Accessibility and Action - as the guiding principles of the camp...
- FM Nirmala Sitharaman to launch nationwide awareness campaign for unclaimed financial assets on October 4Finance Minister Nirmala Sitharaman will launch a three-month nationwide awareness campaign, 'Apki Poonji, Apka Adhikar', starting October ...
- 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...
- LIC has Rs 21,500 crore unclaimed funds: How LIC policyholders can check for unclaimed amountIf any LIC policyholder or a beneficiary wants to know whether any amount under his/her LIC policy is lying unclaimed with the insurer, thi...
- LIC sits on over Rs 21,500 cr unclaimed fundsEvery insurer is required to display information about any unclaimed amount of Rs 1,000 or more on their respective websites (to continue e...
- 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...
- 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 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.
- 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.
- Insurance companies holding on to stash of unclaimed Rs 11,668 croreThe approximate unclaimed amount with Life Insurance Corporation (LIC) of India as on March 31, 2016, was Rs 5,934 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,”
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