Wed, December 18, 2024
[ Wed, Dec 18th 2024 ]: Forbes
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[ Wed, Dec 18th 2024 ]: Business Standard
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[ Wed, Dec 18th 2024 ]: Hartford Courant
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[ Wed, Dec 18th 2024 ]: Business Times
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[ Wed, Dec 18th 2024 ]: Post and Courier
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[ Wed, Dec 18th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: The New York Times
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[ Tue, Dec 17th 2024 ]: The Globe and Mail
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Aye Finance Files DRHP For INR 1,450 Cr IPO
[ Tue, Dec 17th 2024 ]: MSNBC
Meet Forbes Media's first female CEO in the company's 107-year history
[ Tue, Dec 17th 2024 ]: Moneyweb
Understanding PE multiples: The sub-10 and over-20 clubs
[ Tue, Dec 17th 2024 ]: AOL
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[ Tue, Dec 17th 2024 ]: Reuters
Half US at high risk of power shortfall in next decade, regulator says
[ Tue, Dec 17th 2024 ]: MarketWatch
How do the rich give away their money? With a smart strategy.
[ Tue, Dec 17th 2024 ]: Investopedia
Millennials vs. Gen Z: Who's Winning the Savings Game?
[ Tue, Dec 17th 2024 ]: Think Advisor
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[ Tue, Dec 17th 2024 ]: WPBF
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[ Tue, Dec 17th 2024 ]: Forbes
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[ Tue, Dec 17th 2024 ]: News Tribune
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[ Tue, Dec 17th 2024 ]: Business Today
Restrictions lifted: ECL Finance and Edelweiss ARC get RBI's green signal
[ Tue, Dec 17th 2024 ]: Kiplinger
On the Naughty List: Holiday Tax Scams to Look Out For
[ Tue, Dec 17th 2024 ]: The New Zealand Herald
Inflation, OCR, and closures: a look at New Zealand's economy in 2024 - The Front Page
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Cassava Technologies (Liquid's Parent) Secures US$310m in Funding and Reorganises
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The Driving Force Behind Data Modernization: Bridging Technology And Innovation
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Gulf's Consumer Culture Lures Banks and Private Credit to Region
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Business Brief: Breaking down a bombshell resignation letter
[ Tue, Dec 17th 2024 ]: Wall Street Journal
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NBFC player Aye Finance files draft papers with Sebi for Rs 1,450 cr IPO
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[ Mon, Dec 16th 2024 ]: The Daily Mirror
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[ Mon, Dec 16th 2024 ]: The New Zealand Herald
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[ Mon, Dec 16th 2024 ]: bnnbloomberg
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[ Mon, Dec 16th 2024 ]: MoneyWeek
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Canada's finance minister resigns as unpopular Trudeau faces biggest test of his political career
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Unclaimed and outstanding LIC claims surge 83% in 5 years: FinMin
[ Mon, Dec 16th 2024 ]: Commercial Observer
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[ Mon, Dec 16th 2024 ]: The Financial Express
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[ Mon, Dec 16th 2024 ]: Yahoo
Who could run for Tennessee governor in the 2026 GOP primary? The early possibilities
[ Mon, Dec 16th 2024 ]: Sydney Morning Herald
Meet the people setting your interest rates
[ Mon, Dec 16th 2024 ]: The Financial Times
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[ Mon, Dec 16th 2024 ]: Winnipeg Free Press
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[ Mon, Dec 16th 2024 ]: Cyprus Mail
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[ Mon, Dec 16th 2024 ]: India Today
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[ Mon, Dec 16th 2024 ]: sinchew
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[ Mon, Dec 16th 2024 ]: Business Today
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[ Mon, Dec 16th 2024 ]: Business Standard
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[ Sun, Dec 15th 2024 ]: Firstpost
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[ Sun, Dec 15th 2024 ]: bnnbloomberg
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[ Sun, Dec 15th 2024 ]: Sydney Morning Herald
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Unclaimed and outstanding LIC claims surge 83% in 5 years: FinMin

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. nding-lic-claims-surge-83-in-5-years-finmin.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  Unclaimed and outstanding deposits refer to amounts that remain unpaid due to various reasons, such as the policyholder or nominee not claiming them, lack of proper communication, or unawareness of the claim process.

The article from CNBC TV18 discusses the significant increase in unclaimed and outstanding Life Insurance Corporation (LIC) claims, which have surged by 83% over the past five years. According to the Finance Ministry, the amount of unclaimed funds has risen from Rs 12,200 crore in March 2018 to Rs 22,266 crore by March 2023. This increase is attributed to various factors including policyholders not updating their contact details, lack of awareness about policy maturities, and delays in claim settlements due to incomplete documentation or disputes. The Finance Ministry has urged LIC to enhance its efforts in tracking down policyholders or their nominees to settle these claims, emphasizing the need for better communication and outreach programs to reduce the backlog of unclaimed amounts.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/business/finance/unclaimed-outstanding-lic-claims-surge-83-pc-in-5-years-finmin-19524975.htm ]