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The country's largest insurance company offers many types of plans for its customers. Most of the plans of LIC are for a long period. In this, options of paying monthly, quarterly, half-yearly and yearly premiums are given. The yearly premium becomes high. Many times account holders are unable to pay the premium due to various problems and do not even surrender the policy. In such a situation, their money remains with LIC. If a claim is not made within a certain time, then it is considered as an unclaimed amount.
Apart from this, if for some reason the policyholder dies and his nominee does not claim the amount for years, then after a certain time this amount is also considered unclaimed. Like banks, LIC also has crores of rupees in the name of unclaimed amount. There is no claimant for this. If you also feel that some money is due to you, but you do not have accurate information about it, then there is no need to worry. LIC provides this facility to policyholders and their dependents that they can easily check death claim, maturity claim, premium refund or any other kind of unclaimed amount online. Know its method here.
Check unclaimed amount like this
To check the unclaimed amount, you have to visit the official website of LIC. After this, come to the bottom and go to Unclaimed Amounts of Policyholders from the options given there and click. After this a window will open in which you will be asked for the policy number, name of the policyholder, date of birth and PAN card number. After giving this information, you have to click on the submit button. If you have any money in LIC, it will be visible as soon as you click on submit. After this you have to complete the process of claiming money.
How to claim money
If you see the outstanding amount on checking, then you will have to contact the LIC office to claim it. For this, you will have to apply first and along with this you will have to give KYC and submit the necessary documents. After submitting this, the process of payment of outstanding amount will start from LIC and in a few days your money will come to the bank account linked to the policy.
these are the instructions
Let us tell you that IRDAI has given clear instructions to all insurance companies that they will give complete information about unclaimed accounts and money on their portal. If there is a claim of Rs 1000 or more, then its complete information will have to be given on the website. Even if the claim is 10 years old, its complete information will have to be given on the website. After transferring the unclaimed money to the Senior Citizen Welfare Fund, it can be claimed for 25 years.
