LIC has crores of rupees lying in the name of unclaimed amount. There is no claimant for it. If you also feel that some money is owed to you, then there is no need to worry, here know the method through which you can easily check the unclaimed amount.
The country’s largest insurance company offers many types of schemes for its customers. Most of LIC’s schemes are for a long period of time. In this, options are given to pay monthly, quarterly, half-yearly and yearly premiums. The annual premium becomes high. Many times account holders are unable to pay the premium due to various problems and do not even surrender the policy. In such a situation, their money remains with LIC. If a claim is not made within a certain time, it is considered as an unclaimed amount.
Apart from this, if a policyholder dies due to any reason and his nominee does not claim the amount for years, then this amount is also considered unclaimed after a certain time. Like banks, LIC also has crores of rupees in the name of Unclaimed Amount. There is no claimant for this. If you also feel that some money is due to you, but you do not have accurate information about it, then there is no need to worry. LIC provides this facility to policyholders and their dependents that they can easily check death claim, maturity claim, premium refund or any other type of unclaimed amount online. Know its method here.
Check Unclaimed Amount like this
To check the unclaimed amount, you have to go to the official website of LIC. After this, come to the bottom and go to Unclaimed Amounts of Policyholders among the options given there and click. After this a window will open in which you will be asked for the policy number, name of the policyholder, date of birth and PAN card number. After giving this information, you have to click on the submit button. If you have any money in LIC, it will be visible as soon as you click on submit. After this you have to complete the process of claiming the money.
Claim money like this
If you see the outstanding amount on checking, then you will have to contact the LIC office to claim it. For this, you will first apply and along with this you will have to give KYC and submit the required documents. After submitting this, the process of payment of outstanding amount will start from LIC and in a few days your money will come to the bank account linked to the policy.
These are the instructions
Let us tell you that IRDAI has a clear instruction for all insurance companies that they will give complete information about the account and money without claim on their portal. If there is a claim of Rs 1000 or more, then its complete information has to be given on the website. Even if the claim is 10 years old, then its complete information has to be given on the website. Unclaimed money can be claimed for 25 years after it is transferred to the Senior Citizens Welfare Fund.
