LIC News / LIC has Rs 880 crore unclaimed, is this money yours? Check it immediately like this

LIC News: Life Insurance Corporation of India (LIC) recently informed that there is an unclaimed maturity amount of Rs 880.93 crore lying in the financial year 2023-2024. This figure was shared by Minister of State for Finance Pankaj Chaudhary through a written reply in the Lok Sabha. In this financial year, there have been about 3,72,282 policyholders who were unable to get their maturity benefits.

If you are also an LIC policyholder and your amount has not been claimed for some reason, then do not worry. Here we will tell you how you can check the unclaimed amount of LIC and what steps to follow to get it.

Documents required to check unclaimed amount in LIC policy

Before checking the unclaimed amount, you must have the following information and documents:

LIC policy number

Name of the policy holder

Date of birth

PAN card number

Process to check unclaimed amount of LIC policy

Visit the official website of LIC:

Visit https://licindia.in/home.

Select Customer Service section:

Click on the "Customer Service" tab of the website.

Go to the 'Unclaimed Amounts of Policyholders' option:

In this section, you will get the option to check the unclaimed amount.

Fill in your details:

Here you have to fill in the policy number, name, date of birth, and PAN card details.

Click on Submit:

After filling all the information correctly, click on the 'Submit' button.

Information related to your unclaimed amount will appear on the screen.

Steps taken by LIC

LIC has taken several important steps to reduce unclaimed and outstanding claims:

Awareness through media:

Media campaigns are being run to make policyholders aware of their maturity benefits and unclaimed amount.

Improvement in claim settlement process:

LIC has simplified the claim settlement process.

Now claims can be made only through valid NEFT (National Electronic Funds Transfer).

Role of agents and development officers:

LIC agents and development officers contact policyholders from time to time and encourage them to claim the amount.

What happens to the unclaimed amount?

If any amount remains unclaimed for 10 years, then this amount is transferred to the Senior Citizens' Welfare Fund. This fund is used for the well-being of senior citizens and their welfare.

Conclusion

If you are a LIC policyholder and your amount is left unclaimed, then you do not need to panic. By following the simple steps mentioned above, you can check your policy status and claim your amount. Due to the steps taken by LIC and the improved process, it has now become even easier to get the amount.

So, check your policy status in time and avail your benefits.