<p data-start="96" data-end="411"><a href="https://investorlink.in/recovery-of-unclaimed-insurance-policies">Unclaimed amounts of policyholders</a> refer to insurance proceeds that remain unpaid because the policyholder, nominee, or legal heir has not claimed them. In India, a large volume of insurance money lies unclaimed with insurers due to lack of awareness, outdated contact details, or the death of the policyholder.</p>

<p data-start="413" data-end="704">These unclaimed amounts may include life insurance maturity proceeds, death claim benefits, survival benefits, premium refunds, and annuity payments. When insurers are unable to reach the rightful beneficiary or do not receive valid claim documents, such amounts are classified as unclaimed.</p>

<p data-start="706" data-end="1106">One of the most common reasons for unclaimed amounts of policyholders is the death of the insured without proper communication to nominees or family members. In many cases, policy documents are lost, nominee details are outdated, or heirs are unaware that a policy even exists. Changes in address, phone number, or bank details without informing the insurer can also lead to missed claim settlements.</p>

<p data-start="1108" data-end="1428">To protect policyholders&rsquo; interests, the Insurance Regulatory and Development Authority of India (IRDAI) requires insurers to maintain records of unclaimed amounts and provide online search facilities. Policyholders and legal heirs can check insurer websites or centralised insurance portals to trace unclaimed policies.</p>

<p data-start="1430" data-end="1741">Claiming unclaimed amounts of policyholders generally requires submitting identity proof, policy details, claim forms, and in death cases, the policyholder&rsquo;s death certificate. If there is no nominee or if disputes arise, insurers may ask for legal documents such as a succession certificate or probate of will.</p>

<p data-start="1743" data-end="2039">To avoid insurance benefits becoming unclaimed, policyholders should regularly update nominee and contact details, inform family members about their policies, and maintain proper records. Timely action can ensure that insurance proceeds reach the rightful beneficiaries without unnecessary delay.</p>