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  • News From Press Rs 15,167 crore unclaimed money of policyholders lying with insurers

    Rs 15,167 crore unclaimed money of policyholders lying with insurers

    Source: The Economic Times Jul 30, 2018


    As much as Rs 15,167 crore amount of policyholders is lying unclaimed with 23 life insurers, according to Irdai data. Insurance regulator Irdai has already asked insurers to take steps to identify the policyholders or beneficiaries and disburse the claims.

    Board level committee for policyholder protection of every insurer is entrusted with the responsibility of monitoring the timely payout of the all dues to policyholders.

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