LIC Unclaimed Maturity Amount: How To Check It Online And Claim Unclaimed Money With LIC; Details Explained

In several instances, account holders are unable to deposit the premium due to several reasons and do not even surrender the policy. In such a situation, their money remains with LIC. This money is deemed unclaimed if no claim is filed for a certain period. 

LIC unclaimed claims can include death claims, maturity claims, survival benefits, or indemnity claims.

Should you feel you also have some unclaimed money with LIC then you are free to claim it. LIC provides the facility to policyholders and their dependents to conveniently check online for any form of unclaimed amount and claim the amount.

Visit LIC website https://licindia.in

  Click customer service   Select the 'unclaimed amounts of policyholders' option.   Enter LIC policy number, name, date of birth, and PAN card number.   Now Press the submit button

If the policyholders have any money in LIC, it will be visible.

To claim any outstanding amount, you must get in touch with the LIC office. You must apply for this, together with the required documents and KYC. 

Following submission, LIC will start the process of paying the unpaid balance. In a few days, your funds will be transferred to the bank account linked to the insurance.

 

IRDAI regulations provide that any money left unclaimed for more than 10 years is transferred to the Senior Citizen Welfare Fund, which is used for the benefit of senior citizens. If no claims are made for 25 years after the transfer to the Senior Citizens Welfare Fund, the money will be transferred to the central government.