LIC Unclaimed Funds: How to Find and Get Your Unpaid Insurance Money

• Unclaimed LIC funds arise when the company cannot contact policyholders or nominees, including policy payouts and interest.
• Amounts unclaimed for over 12 months are considered unclaimed; after 10 years, they transfer to the Senior Citizens’ Welfare Fund (SCWF).
• To check, provide LIC policy number, policyholder's full name, date of birth, and PAN card details via the LIC website or branch.
• Claim process involves visiting an LIC branch, submitting a surrender form, request letter, KYC, NEFT details, and the original policy bond.
• Legal heirs can claim if the nominee is deceased, requiring proof of relationship and additional legal documents like succession certificates.

Why It Matters: Recover forgotten LIC funds by checking for unclaimed amounts and following the claim process with required documents.