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LIC is the country's largest life insurance company. A large number of people take insurance to protect themselves. But do you know how to get information about the unclaimed amount with LIC?

Nowadays, most people get insurance. Earlier, the elders of the house used to say that whatever savings you have, that is your own. Now, people from government to private jobs also save in different ways. One medium in this is LIC. LIC is the country's largest life insurance company. But sometimes it also happens that when the elders of the house are not there, the children do not even know that the insurance money is deposited in their name. Today we will tell you how you can find out whether there is any unclaimed amount in your name or not.

Unclaimed amount

Now the question is what is the unclaimed amount? Let us tell you that the unclaimed amount is the amount that the policyholders have not taken even after the maturity is completed. According to the rules, if the policyholder has not received any benefit from the insurer for three years or more, then the amount is considered unclaimed. Let us tell you that this happens more often in situations when either the policyholder stops paying the premium or the policyholder dies. Apart from this, even after the policy matures, no one has completed the procedures to withdraw the amount.

How do you check unclaimed maturity?

Let us tell you that to check the unclaimed maturity of Life Insurance Corporation, first of all, you have to go to LIC's website https://licindia.in/home. After this, now click on the customer service option on the homepage. After this, the policyholder selects the unclaimed amount and clicks 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 claim this amount, take the form from the LIC office or download it from the site. Now submit it by attaching it with policy documents such as premium receipts and if the policyholder has died, then the death certificate. After this, Life Insurance Corporation will investigate this claim. If it is approved, the unclaimed amount will be transferred to you.

How much unclaimed amount does LIC have?

Life Insurance Corporation had told in 2024 that they have a maturity amount of about Rs 880.93 crore, which no one is claiming. Giving this information in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said that Life Insurance Corporation has an unclaimed maturity amount of Rs 880.93 crore.

Disclaimer: This content has been sourced and edited from abplive. While we have made modifications for clarity and presentation.