Over Rs 20k cr of unclaimed amounts lie with life insurers at end of FY24

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The Bima Bharosa portal of Irdai also includes a web link for unclaimed amounts, giving policyholders or beneficiaries the option to search for unclaimed amounts.  Further, the regulator has suggested a slew of additional measures to life insurers to prevent the accumulation of unclaimed amounts.

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Category: BusinessFinance

Markets: India

Topics: Unclaimed amounts with life insurance companies Master Circular on Unclaimed Amounts Insurance Information Bureau (IIB)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-23 @ 20:02:00 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 7 lines

Sentence Length: 69 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24599080

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