Life Insurance Corporation Of India: The country’s largest life insurance company Life Insurance Corporation (LIC) has presented a shocking figure. LIC says that it has a maturity amount of about Rs 880.93 crore, on which no one is claiming. Giving this information in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said that the Life Insurance Corporation has unclaimed maturity amount of Rs 880.93 crore. This thing of his surprised everyone.
In this situation the amount is considered unclaimed
Unclaimed amount means that the policyholders have not received their money even after completion of maturity. If the policyholder has not received any benefit from the insurer for three years or more, the amount is considered unclaimed.
This happens in situations where either the policyholder stops paying the premium or the policyholder dies or one does not complete the further procedures to withdraw the amount even after the policy has matured. Is.
Where is the unclaimed amount transferred
If no one claims the amount for more than ten years after maturity, the entire amount is transferred to the Senior Citizens Welfare Fund of the government.
Check unclaimed maturity in this way
To check the unclaimed maturity of Life Insurance Corporation, first go to LIC website https://licindia.in/home.
Now click on the customer service option on the homepage.
After this the policyholder select the unclaimed amount and click on it.
Fill in the details like policy number, name, date of birth and PAN card number and finally click on the submit button.
To stake your claim on this amount, take the form from the LIC office or download it from the site.
Now submit it attaching the policy documents such as premium receipts and if the policyholder has died, the death certificate.
Life Insurance Corporation will investigate this claim. If it is approved, the unclaimed amount will be transferred to you.
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