Saturday, February 24, 2024

Over Rs 15k crore unclaimed money with insurance cos

 A staggering amount of Rs 15,167 crore amount belonging to policyholders is lying unclaimed with 23 life insurance companies, according to latest regulatory data. As per data released, of the total unclaimed amount of Rs 15,166.47 crore as on March 31, 2018, Life Insurance Corporation towers over other companies in the unclaimed list with Rs. 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore.

Among private companies, ICICI Prudential Life Insurance has Rs 807.4 crore of unclaimed insurance claims, followed by Reliance Nippon Life Insurance (Rs 696.12 crore), SBI Life Insurance (Rs 678.59 crore) and HDFC Standard Life Insurance (Rs 659.3 crore).

 

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