There is a lot of unclaimed money in banks and LICs. The Reserve Bank of India has recognized that the money deposited in this has not been claimed till now. Recently, RBI said how much unclaimed money is in banks.
There is a lot of unclaimed money in banks and LICs. The Reserve Bank of India has recognized that the money deposited in this has not been claimed till now. Recently, RBI has revealed the amount of unclaimed money in banks, now Life Insurance Corporation has also revealed the details of unclaimed deposits. And in the 12 public sector banks of the country, about Rs. The Reserve Bank of India has announced the creation of a new centralized portal to trace 35,000 crore ‘unclaimed’ heirs. This portal will also be available soon. But even in the government insurance company ‘Life Insurance Corporation of India’ (LIC) there are also those who do not claim this. LIC has around Rs.21,500 crore.
No clear information is available regarding the current unclaimed amount of LIC. But when the company launches its IPO, till September 2021 Rs. 21,539 crore unclaimed fund, it said in the documents. However, if you want to know if your own policy is unclaimed then follow these steps.
How to know LIC Unclaimed Amount:
LIC has set up a special tool on its portal itself to find out the unclaimed amount. You can check your unclaimed amount here by entering your policy details.
- First go to LIC site.
- After this you need to go to customer service department.
- In the Customer Service section, you need to click on ‘Unclaimed Total Policyholders’.
- After clicking this link, a separate window will appear. There you have to provide some information about the policy.
- You have to provide LIC policy number, policyholder name, his date of birth, PAN card number. After this, all unclaimed details will appear as soon as you click on submit.
Can claim with KYC document:
You can claim unclaimed amount in LIC by following KYC rules. For this you need to complete your proper KYC. Also the KYC of the policy holder should also be updated. Apart from this, you also need to submit documents related to the policy. This amount issued by LIC will be credited to the policy holder’s account.
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