Ayush Mishra7 minutes ago
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Life Insurance Corporation of India (LIC) had a total unclaimed maturity amount of Rs 880.93 crore in the financial year 2023-24. According to government information, a total of 372,282 policyholders have not claimed their maturity benefit. That means, even after 3 years of the policy maturing, no one has claimed it.
In such a situation, if you feel that someone from your family had taken a LIC policy, which has matured but the money has not been received. In such a situation, you can claim the amount of that policy. Let us know how to find out unclaimed maturity in LIC…
Process to find out about unclaimed maturity
- LIC website https://licindia.in/home go to
- Click on Customer Service on the homepage.
- Go to this and select the option of unclaimed amount of policyholders.
- Enter the required details like policy number, name, date of birth and PAN card number.
- After this you will get information about the policy with unclaimed maturity.
According to the rules, the policies whose maturity amount has not been claimed by anyone are deposited in the unclaimed account. If the amount remains unclaimed for 10 years, it is put into the Senior Citizens Welfare Fund. This money is spent in the care of the elderly.
How to claim unclaimed deposit? Get the claim form from any LIC office or download it from the official website. After filling the form, attach the necessary documents like policy document, premium receipts and death certificate if applicable. Submit the completed form along with the documents to the LIC office. LIC will review your claim and if approved, it will release your unclaimed amount amount.
More than 25 crore people have LIC policy By 1956, there were 154 Indian insurance companies, 16 foreign companies and 75 provident companies operating in India. On September 1, 1956, the government nationalized all these 245 companies and started the Life Insurance Corporation of India, i.e. LIC. Currently more than 25 crore people have LIC policies.