LIC: The biggest insurance firm in the country, LIC, has crores of rupees sitting unused. Nobody is asserting that figure. In the financial year 2023-2024, LIC holds an unclaimed maturity sum of Rs 880.93 crore. The information was provided by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha.
Pankaj Chaudhary has shared some important data
He stated that this sum is associated with 3,72,282 policyholders who have not received their maturity benefits. If you or your parents or grandparents have purchased an LIC policy and overlooked claiming the maturity, you can easily verify it and submit a claim. The Life Insurance Corporation of India possesses an unclaimed maturity sum of Rs 880.93 crore. If you wish to find out the total of this unclaimed maturity amount, we will explain how you can claim it.
To begin with, be aware of the documents required for this. To verify the unclaimed sum in an LIC policy, you will require certain essential documents. In addition to online, you can also verify it by going to the LIC office. We would like to inform you that the claim amount upon the policy’s maturity, if not claimed by anyone, is categorized as unclaimed funds. If any sum stays unclaimed for a decade, it is moved to the Senior Citizen Welfare Fund. It is utilized for the benefit of elderly individuals.
This is the process to check about any unclaimed maturity:
- Visit LIC website https://licindia.in/home
- Click on Customer Service on the homepage.
- Choose the option of Unclaimed Amounts of Policyholders
- Enter the policy number, name, date of birth, and PAN card details
- You will get full details as soon as you submit.