The submissions were made before a bench of Justices Vikram Nath, Sandeep Mehta and Vijay Bishnoi which was hearing a plea filed by journal...

Unclaimed funds in public sector banks, insurance companies, and mutual funds have reached significant levels. Banks hold Rs 60,518 crore, ...

Nearly 2,000 crore rupees have been returned to citizens through the 'Your Money, Your Right' initiative. This government program helps peo...

The finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...

Over Rs 25,000 crore remains unclaimed in Indian insurance policies due to forgotten claims or unaware nominees. Tracking and claiming thes...

The finance minister underlined the importance of the "3 A's" - Awareness, Accessibility and Action - as the guiding principles of the camp...

Finance Minister Nirmala Sitharaman will launch a three-month nationwide awareness campaign, 'Apki Poonji, Apka Adhikar', starting October ...

Due to an increase in unclaimed amounts and concerns from insurers over regulatory compliance, the Insurance Regulatory & Development Autho...

If any LIC policyholder or a beneficiary wants to know whether any amount under his/her LIC policy is lying unclaimed with the insurer, thi...

Every insurer is required to display information about any unclaimed amount of Rs 1,000 or more on their respective websites (to continue e...

If 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...

Giving the details in a written reply, the minister said as per information received from the Reserve Bank of India (RBI), the total amount...

Country’s largest insurer, Life Insurance Corporation (LIC) alone holds Rs 12,892 crore as unclaimed deposit.

As much as Rs 15,167 cr of policyholder's money was lying unclaimed with life insurers as on March 31, 2018.

LIC has Rs 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore.

The approximate unclaimed amount with Life Insurance Corporation (LIC) of India as on March 31, 2016, was Rs 5,934 crore.

“Now, policyholders or their nominees will be able to access information pertaining to their own policies and claim the amount due to them,”