LIC Policy: The Life Insurance Corporation of India has insurance policies for every category. AEIC has also launched a unique scheme for women. Under this scheme, women receive money every month. Even today, there is no pension provision for people in most jobs. Saving is significant in everyone’s life. Some people invest in a policy and forget about it.
Such a situation arises when the policy term is many years; one does not remember that it is the last year to invest in the policy. If the policyholder dies in the middle, then even the nominee does not know about being associated with the scheme. Do you know that LIC has a lot of money of such people, where people forgot after investing.
No one has come forward to claim this amount. LIC has a maturity amount of about Rs 880.93 crore in 2023-2024, which no one claims. Minister of State for Finance Pankaj Chaudhary surprised everyone by giving this information in the Lok Sabha. The government informed us that 73,282 policyholders had not received maturity benefits this year.
Check unclaimed amounts easily.y
If LIC, one of India’s big institutions, has any unclaimed amount, it can be checked online. Some related information has been shared below, which you can use to do this work. For this, you need a LIC policy number, the policyholder’s name, the date of birth, the PAN card, etc.
Easy process to check unclaimed amount
The method of checking an unclaimed amount in LIC is straight, which trains straight onward. Check on customer service, and you must choose Unclaimed Amounts of Policy Holders.
TToobtain the required information, you must enter the policy number, name, date of birth, and PAN card information.
You have to click on Submit. Then, the given information will be visible on the screen.
Know what the organization does with the unclaimed amount
If any fund in LIC remains unclaimed for a decade or 10 years, it is put into the Senior Citizen Welfare Fund. This amount is used to benefit senior citizens.
According to the rules and regulations of the insurance regulator IRDAI, if any amount remains unclaimed for 6 months from the due date or after the maturity date, it is put into the category of unclaimed amount. At the same time, LIC customers can check their policy status in time to withdraw the maturity amount when the time comes.
Priyanka Singh
Priyanka Singh is an experienced journalist and Chief Copy Editor at Timesbull.com with more than six years of experience in digital media. She currently leads the Entertainment, Business, and Education desks, ensuring accuracy, clarity, and editorial excellence across content. Originally from Bihar, she brings strong subject understanding to her reporting....
