Life Insurance Corporation of India (LIC) revealed that it has an unclaimed maturity amount of Rs 880.93 crore. Minister of State for Finance Pankaj Chaudhary gave this information in the Lok Sabha on Monday. He said that during the financial year 2023-2024, 3,72,282 policy holders have failed to avail the maturity benefit. If you have not claimed the maturity money, then know how to do it immediately.
How to check conclaim and outstanding amount
If a LIC policyholder or beneficiary wants to check whether the LIC policy money is unclaimed or outstanding in his name, then he can follow some of the steps mentioned here.
1. First, visit the LIC website- https://licindia.in/home.
2. Now select Customer Service and ‘Unclaimed Accounts of Policy Holders’.
3. After this, enter the policy number, name (mandatory), date of birth (mandatory), and PAN details.
4. Now click on the submit button and you can check the details.
How can you make a claim?
If you also have an unclaimed amount with LIC, then you can claim through LIC agent or by going to LIC’s office with the necessary documents.
What are the rules regarding unclaimed accounts?
If an amount remains unclaimed for more than 10 years, the entire amount is transferred to the Senior Citizen Welfare Fund and as per the rules, such amount is used for the benefit of the senior citizen. According to the IRDAI circular on unclaimed amounts, the “unclaimed amount” will include any amount held by insurers.
