LIC: There is a big update for LIC policyholders. Life Insurance Corporation of India (LIC) is considered to be the most trusted insurance company in the country. Along with giving better returns to the investors, it also keeps the invested money away from market risks. Most people take LIC policies for tax benefits. Most of its policies are for the long term.
How does unclaimed money happen in LIC?
Many times policyholders buy the policy. They pay the premium for a few months or a few years, but then they don’t pay the premium. Many times people don’t know about the maturity of the policy. In such a situation, they forget to withdraw the money. This amount becomes an unclaimed amount after a long time.
If you have ever taken a policy of LIC. If you have paid the premium for a few years and later forgot to pay the premium, then there is no need to worry. You can get back the money you have deposited. LIC provides its customers the facility to claim the policy. You can easily claim the policy online from the comfort of your home.
How to check the unclaimed amount?
To check the unclaimed amount, first you have to go to the official website of LIC: https://licindia.in/. Then go to Unclaimed Amounts of Policyholders. 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 will have to complete the process of claiming the money. If you want, you can also check the outstanding amount by directly visiting https://customer.onlinelic.in/LICEPS/portlets/visitor/unclaimedPolicyDues/UnclaimedPolicyDuesController.jpf.
How will you make a claim?
To claim your unclaimed amount, you will have to contact the LIC office. For this, you will first submit an application. You will have to get KYC done and submit the necessary documents. LIC will verify your information from its records. If the information is found to be correct, your claim will be processed. After a few days, the money will be credited to the bank account linked to your policy.
How can we restart the policy again? The policyholder must pay all outstanding premiums and interest to restart the policy. To restart the policy, the policyholder can complete the LIC policy revival process by visiting an agent or a branch. In addition, inquiries can also be made by calling customer service.