{"id":330,"date":"2014-02-27T09:18:00","date_gmt":"2014-02-27T09:18:00","guid":{"rendered":"http:\/\/myplanning.in\/uncategorized\/does-your-life-insurance-policy-are-still-unclaimed\/"},"modified":"2026-03-16T07:19:55","modified_gmt":"2026-03-16T07:19:55","slug":"does-your-life-insurance-policy-are-still-unclaimed","status":"publish","type":"post","link":"https:\/\/myplanning.in\/es\/insurance\/does-your-life-insurance-policy-are-still-unclaimed\/","title":{"rendered":"Does your Life Insurance policy are still Unclaimed?"},"content":{"rendered":"<div dir=\"ltr\" style=\"text-align: left;\">\n<div style=\"background: white; line-height: 15.6pt; margin-bottom: .0001pt; margin-bottom: 0cm; margin-left: 10.2pt; margin-right: 10.2pt; margin-top: 0cm; text-align: justify;\">\n<div style=\"background-position: initial initial; background-repeat: initial initial; line-height: 15.6pt; margin: 0cm 10.2pt 0.0001pt;\"><\/div>\n<h2><span style=\"font-family: Georgia, Times New Roman, serif;\"><b><i><span style=\"color: #111111;\"><span style=\"font-size: x-small;\">By<\/span>&nbsp;<\/span><\/i><\/b><b style=\"font-size: medium;\"><a href=\"https:\/\/www.facebook.com\/rjadvise\" target=\"_blank\" rel=\"noopener noreferrer\">RJ Advisory<\/a><\/b><\/span><\/h2>\n<p><span style=\"font-family: Georgia, Times New Roman, serif;\"><span style=\"color: #111111; line-height: 115%;\">Recently I read one article in business magazine and inspired to write this article to help policy holders. According to IRDA circulars in India<span>&nbsp;<\/span><\/span><u><span style=\"line-height: 115%;\"><a href=\"http:\/\/businesstoday.intoday.in\/story\/life-insurance-companies-unclaimed-funds-irda\/1\/203455.html\" target=\"_blank\" rel=\"noopener noreferrer\">unclaimedmoney with life insurance firms rises 250%<\/a>.<\/span><\/u><span><span style=\"color: #111111; line-height: 115%;\">&nbsp;<\/span><\/span><span style=\"color: #111111; line-height: 115%;\">As IRDA said, at the end of 2012-13, unclaimed money with life insurance companies was Rs. 4,866 crore compared to Rs 1,373 crore in 2009-10. The main reason behind rise in unclaimed&nbsp;<\/span><span style=\"line-height: 15.6pt;\">amount is because of dependents not being aware <\/span><\/span><br \/><a name='more'><\/a><span style=\"font-family: Georgia, Times New Roman, serif;\">of existence of a life insurance policy. Among other reasons the IRDA<span style=\"line-height: 15.6pt;\"> said is to rising unclaimed amount delay in settlement of claim and change in address of the insured. It could be your money also lying with any Insurance Company got unclaimed!<\/span><\/span><br \/><span style=\"font-family: 'Helvetica Neue', Arial, Helvetica, sans-serif; line-height: 15.6pt;\"><br \/><\/span><\/p>\n<div style=\"clear: both; text-align: center;\"><span style=\"font-family: Helvetica Neue, Arial, Helvetica, sans-serif; font-size: x-small; margin-left: 1em; margin-right: 1em;\"><a href=\"http:\/\/2.bp.blogspot.com\/-fz2aqkGw6Zo\/Uw72m5qF8iI\/AAAAAAAAAnY\/pudrtpS0ePA\/s1600\/Unclaimed_LI_02_2014.png\" style=\"margin-left: 1em; margin-right: 1em;\"><img fetchpriority=\"high\" decoding=\"async\" border=\"0\" src=\"http:\/\/2.bp.blogspot.com\/-fz2aqkGw6Zo\/Uw72m5qF8iI\/AAAAAAAAAnY\/pudrtpS0ePA\/s1600\/Unclaimed_LI_02_2014.png\" height=\"200\" width=\"320\" \/><\/a><\/span><\/div>\n<div style=\"background-position: initial initial; background-repeat: initial initial; line-height: 15.6pt; margin: 0cm 10.2pt 0.0001pt;\"><b style=\"line-height: 15.6pt;\"><span style=\"color: #111111;\"><span style=\"font-family: Helvetica Neue, Arial, Helvetica, sans-serif;\"><br \/><\/span><\/span><\/b><\/div>\n<div style=\"background-position: initial initial; background-repeat: initial initial; line-height: 15.6pt; margin: 0cm 10.2pt 0.0001pt;\"><b style=\"line-height: 15.6pt;\"><span style=\"color: #111111; font-family: Georgia, Times New Roman, serif;\">What are some steps you must take to secure your existing policy?<\/span><\/b><\/div>\n<div style=\"background-position: initial initial; background-repeat: initial initial; line-height: 15.6pt; margin: 0cm 10.2pt 0.0001pt;\"><\/div>\n<p><\/p>\n<ul>\n<li><span style=\"color: #111111; font-family: Georgia, Times New Roman, serif; line-height: 115%;\">Check the all policies you are holding in name of you and your family members.<\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #111111; line-height: 115%;\"><span style=\"font-family: Georgia, Times New Roman, serif; line-height: 115%;\">Check your Contact details like Address, Mobile, e-mail etc are properly updated in Policy.<\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #111111; line-height: 115%;\"><span style=\"line-height: 115%;\"><span style=\"font-family: Georgia, Times New Roman, serif; line-height: 115%;\">You must also update your Bank details (MICR, NEFT code) in your Insurance Policy.<\/span><\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #111111; line-height: 115%;\"><span style=\"line-height: 115%;\"><span style=\"line-height: 115%;\"><span style=\"font-family: Georgia, Times New Roman, serif; line-height: 115%;\">You should check and note down your maturity date of your policy in your personal diary.<\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<ul>\n<li><span style=\"color: #111111; line-height: 115%;\"><span style=\"line-height: 115%;\"><span style=\"line-height: 115%;\"><span style=\"line-height: 115%;\"><span style=\"font-family: Georgia, Times New Roman, serif; line-height: 115%;\">Check Nominee details (If nominee is minor, appoint guardian to receive any claim in future).<\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<div style=\"background-position: initial initial; background-repeat: initial initial; line-height: 15.6pt; margin: 0cm 10.2pt 0.0001pt;\"><span style=\"font-family: Georgia, Times New Roman, serif;\"><span style=\"color: #111111; line-height: 115%;\">But Latest Good news is that From April 1, <\/span><u style=\"color: #111111; line-height: 115%;\"><a href=\"http:\/\/articles.economictimes.indiatimes.com\/2014-02-25\/news\/47670587_1_policyholders-insurance-companies-nominees\" target=\"_blank\" rel=\"noopener noreferrer\">Policyholders will be able to get details of unclaimed insurance online<\/a>.<\/u><span style=\"color: #111111; line-height: 115%;\"> From April, Policy holder or nominee will be able to access information about the policy. IRDA has asked insurance companies to display details like policy holders name, address, maturity, death benefit and premium due for refund etc things, unclaimed for over six months, on their websites. Share your best comments on this articles.<\/span><\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By&nbsp;RJ Advisory Recently I read one article in business magazine and inspired to write this article to help policy holders. According to IRDA circulars in India&nbsp;unclaimedmoney with life insurance firms rises 250%.&nbsp;As IRDA said, at the end of 2012-13, unclaimed money with life insurance companies was Rs. 4,866 crore compared to Rs 1,373 crore in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[18],"tags":[],"class_list":["post-330","post","type-post","status-publish","format-standard","hentry","category-insurance"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/posts\/330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/comments?post=330"}],"version-history":[{"count":1,"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/posts\/330\/revisions"}],"predecessor-version":[{"id":1966,"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/posts\/330\/revisions\/1966"}],"wp:attachment":[{"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/media?parent=330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/categories?post=330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myplanning.in\/es\/wp-json\/wp\/v2\/tags?post=330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}