Insurers have â¹15,167 cr of unclaimed policyholders' money
As much as â¹15,167 crore of policyholders' money is lying unclaimed with 23 life insurers, with state-owned LIC having the maximum unclaimed amount at â¹10,509 crore, IRDAI's data showed. Among the private insurers, ICICI Prudential Life Insurance has â¹807.4 crore of unclaimed insurance claims, followed by Reliance Nippon Life Insurance at â¹696.12 crore and SBI Life Insurance at â¹678.59 crore.