New Delhi: The Life Insurance Corporation of India (LIC) has numerous unclaimed amounts belonging to policyholders who forgot about their policies after paying a few premiums or failed to claim their money due to other reasons. The good news is that it’s now easier than ever to check if you have unclaimed funds with LIC and reclaim them promptly.
LIC unclaimed amount
The LIC unclaimed amount typically consists of:
Death claims
Maturity benefits
Survival benefits
Premium refunds
Indemnity claims
Over time, these money under these heads accumulate to thousands of crores of rupees, as they lie unclaimed awaiting their rightful claimants.
LIC unclaimed policy check
If you have an unclaimed policy or a policy you had forgotten all about apart from any money lying with the LIC due to the reasons cited above, then here’s how to carry out an LIC unclaimed policy check:
1. Visit the LIC Website: https://merchant.licindia.in/LICEPS/portlets/visitor/unclaimedPolicyDues/UnclaimedPolicyDuesController.jpf) to go to the specific page dedicated to Unclaimed Policy Dues
2. Enter your LIC Policy Number,
date of birth, PAN Card Number and name as registered on the policy
3. After filling in all the required details, click on the submit button. This action will prompt LIC to search its records and provide you with information regarding any unclaimed amount linked to your policy.
Why it’s important to check LIC unclaimed policy status online
LIC policyholders and others who think they have money lying with the country’s largest life insurer, must checking for unclaimed policy status online since it is only available for a limited period crucial as there’s a limited period during which you can reclaim it.
Once the recovery period expires, the pending amount with LIC gets classified as unclaimed property, making the retrieval process more complex.
Therefore, it is advisable for all policyholders, past and present, to periodically check for unclaimed amounts linked to their LIC policies. This proactive approach ensures that you don’t miss out on funds that are rightfully yours. With LIC’s online platform simplifying the process, retrieving unclaimed money has become convenient and accessible. Take a few moments to check today—you might just uncover funds waiting to be reclaimed.
LIC unclaimed funds can be claimed online by running a simple check. Here’s how to check whether you have unclaimed funds lying with Life Insurance Corp of India. Companies Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
