LIC Reports ₹880.93 Crore In Unclaimed Maturity Funds

The Central government revealed that Life Insurance Corporation had unclaimed insurance compensation funds amounting to ₹880.93 crore, which matured in the last financial year. It also disclosed that 3,72,282 policyholders have not claimed their maturity benefits. Also, LIC reported unclaimed death benefits worth ₹14 lakh for the year 2023-24.