Sentences with phrase «unclaimed amount»
The term "unclaimed amount" refers to money or funds that have been left unused or abandoned by its rightful owner. Full definition
Further Irda mandated the settlement of dues to policyholders through electronic mode and also the display of unclaimed amounts on their websites by insurers.
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Any remaining unclaimed amount can be carried back one year and claimed for up to 100 % of net income as well.
The information provided herein shall contain name of investor, address of investor and name of Mutual Fund / s with whom unclaimed amount lies.
The reason you claim this money in a different way is because the company have sent details of the money to ASIC (name and the unclaimed amount), but not the money itself.
Over the last one year, the unclaimed amount with the LIC and Reliance Life rose by 40 per cent and 143 per cent, respectively, and in absolute numbers, the jump for Reliance Life was the highest among all insurers — from Rs 618 crore in March 2013 to Rs 1,502 crore in March 2014.
While 20 out of the 24 life insurance companies saw a rise in the unclaimed amounts over the last two years, four players — LIC, Reliance Life, Bajaj Allianz Life and ICICI Prudential Life — accounted for almost 70 per cent of the total unclaimed amount.
Trace unclaimed amount: - Both policyholders and nominees can access details of their unclaimed amount on the insurer's website.
Upon entering basic details such as name, date of birth, policy number and permanent account number (PAN), an insured can find out details of any unclaimed amount.
In case you are a nominee, legal heir or appointee of an IDBI Federal Life policyholder and a claim has been settled against the policy, you can use this service to verify if there is any unclaimed amount beyond six months.
Increased from Rs. 1,372.64 crore in financial year 2010 to Rs. 4,865.81 by FY13, almost Rs. 5,000 crore unclaimed amount is lying with insurance compRead More
If insurers have any unclaimed amount above Rs 1000, then they are required to display its information on their website, as asked by the Ins... read more
Increased from Rs. 1,372.64 crore in financial year 2010 to Rs. 4,865.81 by FY13, almost Rs. 5,000 crore unclaimed amount is lying with insurance companies.
The regulator in the circular said that unclaimed amount is common in insurance sector and a sharp increase in it has become a cause of concern.
If insurers have any unclaimed amount above Rs 1000, then they are required to display its information on their website, as asked by the Insurance RegRead More
As mentioned in a circular issued on Wednesday, IRDA informed that the insurer's website would have a facility where the policyholder (s) or his / her dependants can check if there is any unclaimed amount due to them is still with the insurer.
If the insurer is having the claim amount for more than six months from the date of settlement, then it is known as the unclaimed amount which includes claim amount paid to the policyholder due to — premium refund, survival benefits, death / maturity etc..
Increased from Rs. 1,372.64 crore in financial year 2010 to Rs. 4,865.81 by FY13, almost Rs. 5,000 crore unclaimed amount is lying with insu... read more
If insurers have any unclaimed amount above Rs 1000, then they are required to display its information on their website, as asked by the Insurance Regulatory and Development Authority (IRDA).
Insurance Regulatory and Development Authority (Irda) on Wednesday said insurance companies will be required to display information about any unclaimed amount above Rs 1,000 on their respective websites.
Increased from Rs 3,037 crore in 2011 - 1 to Rs 4,865 in 2012 - 13, the unclaimed amount has swelled by 60 %.