Around Rs. 12,000/- crore is lying unclaimed in Life Insurance due to following reasons:-
- Loss of policy documents
- Death of policyholder
- Closure of bank account
- No claim even after maturity
- Premiums remaining unpaid
We help in recovery of following types of claims of life insurance:-
- Death Claims
- Survival benefits
- Maturity claim
- Premium refunds
If Insurance claims remains unclaimed for 10 years it is transferred to Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.
