LIC Policy Restart: Whenever a policy is closed, the insurance company gives a chance to revise it for 2 years. If you also want to restart your closed LIC policy, then know what is the way here.
LIC Policy Restart: Life Insurance Corporation of India (LIC) runs many types of schemes for its customers. Most of the schemes of LIC are for a long time. If you are unable to pay some premium continuously for some reason, then your policy is closed in the middle. However, whenever a policy is closed, the insurance company gives a chance to revise it for 2 years. In such a situation, you have a chance to start that policy again. If you also want to restart your closed LIC policy, then know what is the way here.
This is the way to 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 complete the process of LIC policy revision by going to the agent or branch. For this, inquiries can also be made by calling customer service. Whatever special report or medical report is required to restart the policy is paid by the policyholder.
What is unclaimed amount?
Many times account holders are unable to deposit the premium due to various problems and do not even surrender the policy. In such a situation, their money remains with LIC. On the other hand, if a policyholder dies due to any reason and the nominee does not claim the amount for years, then such money is considered unclaimed after a certain time. The facility to check such unclaimed money is also given to you by LIC.
Check unclaimed amount like this
To check the unclaimed amount, you have to go to the official website of LIC. After this, come to the bottom and go to Unclaimed Amounts of Policyholders among the options given there and click. 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 will have to click on the submit button. If you have any money in LIC, it will be visible as soon as you click on submit. After this you will have to complete the process of claiming the money.
