Life Insurance Corporation of India (LIC) said that unclaimed maturity amount of Rs 880.93 crore is lying in 2023-2024. Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha that 3,72,282 policyholders have been unable to receive maturity benefits in this financial year. In such a situation, if you are also included in this, then let us know how to check the unclaimed amount in LIC policy?
First of all, to check the unclaimed amount in LIC policy, you should have knowledge about these documents. LIC Policy Number, Policy Holder Name, Date of Birth, PAN Card Number. Now you can follow these steps to see the unclaimed amount on LIC website.
- Visit LIC website https://licindia.in/home
- Click on “Customer Service” and select ‘Unclaimed Amounts of Policyholders’ option.
- Fill the policy number, name, date of birth, and PAN card details.
- Click on 'Submit' and get the information.
have taken several steps
LIC has taken several steps to reduce unclaimed and outstanding claims. To make policyholders aware through media. Pankaj Chaudhary said that the claim settlement process has been simplified. Claim can be settled through valid NEFT only. Apart from this, agents and development officers contact the policyholders regularly.
If any amount remains unclaimed for 10 years, then that amount is transferred to the Senior Citizens Welfare Fund. It is used for the welfare of senior citizens.
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