Lost or forgotten assets: Reclaim them even after 10 years; Here’s how

Forgotten investments are a big issue. A massive amount of money lies in banks, insurance companies and housing finance companies. It is more common amongst the older folks where they speak about the old share and deposit certificates they lost and forgot about them completely. This is the reason that the money lies unclaimed with financial institutions. The concerned companies and financial institutions, too, fail to locate investors or policyholders as contact details changes are not updated with the company. Also, once the original document is lost, it becomes difficult to claim the amount that is due to them.

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