LIC Tips: LIC policy closed due to non-payment of premium? Withdraw the unclaimed amount from home, this is the complete process..

LIC Tips: LIC policy closed due to non-payment of premium? Withdraw the unclaimed amount from home, this is the complete process.. Newspoint | 01/07/2025 20:39:15

Life Insurance Corporation of India (LIC) is considered to be the most trusted insurance company in the country. Along with giving better returns to the investors, it also keeps the invested money away from market risks. Most people take LIC policy for tax benefits. Most of its policies are for the long term.

How does an unclaimed amount happen in LIC?

Many times policyholders get the policy. They also pay a premium for a few months or a few years, then do not pay the premium. Many times people do not know the maturity of the policy. In such a situation, they forget to withdraw the money. This amount becomes an unclaimed amount after a long time.

LIC provides a facility to claim policy

If you too had ever taken a policy of LIC. Paid a premium for a few years and later forgot to pay the premium, then there is no need to worry. You can get your deposited money back. LIC provides a facility for its customers to claim the policy. You can easily claim the policy online sitting at home.

How to check the unclaimed amount?

To check the unclaimed amount, first, you have to go to the official website of LIC https://licindia.in/. Then go to Unclaimed Amounts of Policyholders. After this, a window will open, in which you will be asked for the policy number, name of the policyholder, date of birth, and PAN card number. After giving this information, you have to click on the submit button. If you have any money in LIC, then it will be visible as soon as you click on submit.

Will the process be completed with a direct link too?

After this, you have to complete the process of claiming the money. If you want, you can also check the outstanding amount by going directly to https://customer.onlinelic.in/LICEPS/portlets/visitor/unclaimedPolicyDues/UnclaimedPolicyDuesController.jpf.

How to claim?

To claim your unclaimed amount, you have to contact the LIC office. For this, you will first apply. You will have to do KYC and submit the necessary documents. LIC will verify your information from its records. If the information is found to be correct, then your claim will be processed. After a few days, the money will be credited to the bank account linked to your policy.

How can you restart the policy?

The policyholder has to pay all the outstanding premiums and interest to restart the policy. To restart the policy, the policyholder can go to the agent or branch and complete the process of LIC policy revision. For this, inquiries can also be made by calling the customer service.