The document discusses unclaimed insurance money in India. It states that as of March 2018, over Rs. 15,167 crores of policyholders' money was lying unclaimed with life insurers in India, with LIC accounting for Rs. 10,509 crores of this total. It provides details on the top private insurers with unclaimed amounts. Further, it outlines the steps policyholders can take to check for any unclaimed amounts on insurer websites and the new rules stipulating that unclaimed amounts will be transferred to the Senior Citizens Welfare Fund if unclaimed for 10 years.
EXCELLENT OPPURTUNITY FOR BRIGHT CAREER
• IF YOU ARE LOOKING FOR ORGANISATION WHERE YOU
• DECIDE YOUR OWN TIMINGS TO WORK,
• CAN EARN AS MUCH YOU WANT AND
• PROVIDES EVER INCREASING INCOME,
• FACILITY OF CAR
• TELEPHONE
• COMPUTER ETC.
AND ALSO SECURED FUTURE
JOIN AS AGENT OF LIFE INSURANCE CORPORATION OF INDIA
OPPURTUNITY FOR MALE/FEMALES/HOUSEWIVES/C.A.’S/ OR ANY
PERSON ZEAL TO GET ALONG WITH PEOPLE
ALSO CONTACT FOR INSURANCE PLAN FOR YOUR NEEDS
SANJEEV HANDA
Sr. Business Associate
9810163246
handa1502@gmail.com
LIC insurance company profile,
LIC insurance company information,
LIC corporate profile,
LIC profile,
LIC corporate,
insurance company profile,
insurance company information,
corporate profile,
profile,
corporate,
LIC OF INDIA insurance company profile,
LIC OF INDIA insurance company information,
LIC OF INDIA corporate profile,
LIC OF INDIA profile,
LIC OF INDIA corporate
EXCELLENT OPPURTUNITY FOR BRIGHT CAREER
• IF YOU ARE LOOKING FOR ORGANISATION WHERE YOU
• DECIDE YOUR OWN TIMINGS TO WORK,
• CAN EARN AS MUCH YOU WANT AND
• PROVIDES EVER INCREASING INCOME,
• FACILITY OF CAR
• TELEPHONE
• COMPUTER ETC.
AND ALSO SECURED FUTURE
JOIN AS AGENT OF LIFE INSURANCE CORPORATION OF INDIA
OPPURTUNITY FOR MALE/FEMALES/HOUSEWIVES/C.A.’S/ OR ANY
PERSON ZEAL TO GET ALONG WITH PEOPLE
ALSO CONTACT FOR INSURANCE PLAN FOR YOUR NEEDS
SANJEEV HANDA
Sr. Business Associate
9810163246
handa1502@gmail.com
LIC insurance company profile,
LIC insurance company information,
LIC corporate profile,
LIC profile,
LIC corporate,
insurance company profile,
insurance company information,
corporate profile,
profile,
corporate,
LIC OF INDIA insurance company profile,
LIC OF INDIA insurance company information,
LIC OF INDIA corporate profile,
LIC OF INDIA profile,
LIC OF INDIA corporate
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
People work to earn income, that's so obvious, right? So what is wrong in earning some more in this rapidly increasing economy. We're there to guide you to succeed in your business. All you need to do is grab this opportunity and become LIC Advisor. Training and other relevant support needed for the work will be provided from our side. Visit www.getmelic.com for more details
Academic project with an objective to break conventional and conditioned pattern of thinking and to induce associative thinking by appying learnings from different industries and domiains
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
People work to earn income, that's so obvious, right? So what is wrong in earning some more in this rapidly increasing economy. We're there to guide you to succeed in your business. All you need to do is grab this opportunity and become LIC Advisor. Training and other relevant support needed for the work will be provided from our side. Visit www.getmelic.com for more details
Academic project with an objective to break conventional and conditioned pattern of thinking and to induce associative thinking by appying learnings from different industries and domiains
Granting of loans on life insurance policies, with some companies examples like LIC policies, Birla Sun Life insurance policy.
Also it includes pros and cons of taking loans against life insurance policies and on what type of policies people can take loans.
National pension scheme a noble step to provide pensionMoney Investor
National Pension Scheme (NPS) is a contributory pension scheme. It was launched in January
2004 for government employees (except Armed Forces). However, in May 2009, it was opened
to all Citizens of India.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
2. What is unclaimed insurance amount?
Unclaimed amount is money that is due to policyholders or beneficiaries in the form
of death claim, maturity claim, survival benefits, premiums refunds or indemnity
claims—including accrued interest—but has not been claimed for more than 6
months since the settlement date.
Insurers can invest this money in debt products like money market instruments, liquid
mutual funds and fixed deposits; and the investment income needs to be paid to the
policyholder or beneficiary if she makes a claim in the future. Any penalty can be
adjusted against this investment income. The insurer can deduct a charge from this
fund to manage it, but the costs are capped at 20 basis points. In order to make your
job easier, insurers now allow you to spot your unclaimed money on their websites,
where you need to look under the tab titled unclaimed amount of policyholders. Click
the tab and on the page that opens, enter the details such as name of the
policyholder, policy number, Permanent Account Number (PAN), Aadhaar number and
date of birth to know details of any unclaimed amount. The policyholder’s name and
date of birth are compulsory fields, whereas PAN and policy number can be optional.
To save the insurers the trouble of putting out details of very small claim, the rules
allow companies to publish details only if the unclaimed amount is Rs1,000 or more.
3. .
Once you have identified the money, you can approach the insurer directly
or follow the steps listed on the website. To reduce unclaimed amounts,
the regulator has made electronic payments mandatory with the exception
of small premium ticket size of up to Rs10,000. Also, the rules make it clear
that even after 10 years, insurers will need to display information about
any unclaimed amount of Rs1,000 or more on their respective websites.
However, policyholders and beneficiaries are eligible to claim the unpaid
dues (unclaimed money) up to 25 years from the date of transfer of the
same to the Senior Citizen’s Welfare Fund.
Do note that if no claim is made for a period of 25 years after the transfer,
you will have to forfeit the money and it will belong to the government.
4.
5. .
Unclaimed insurance money is the amount due to the policyholders or
beneficiaries but has not been claimed for more than 6 months after the
settlement date. The claim amount can be in the form of death claim,
maturity claim, and premium refunds (including accrued interest).
According to the Insurance Regulatory and Development Authority (IRDAI)
data, as much as Rs 15,167 Crores, which is policyholder’s money, is lying
unclaimed with 23 life insurers.
Out of the total unclaimed amounts as on March 31st 2018, Life Insurance
Corporation (LIC) is sitting on Rs 10,509 Crores, while the 22 private sector
insurers account for the remaining Rs 4,657.45 Crores.
6. .
Among private insurers, ICICI Prudential Life Insurance has Rs 807.4 Crores of unclaimed
amounts of policyholders, followed by Reliance Nippon Life Insurance at Rs 696.12
Crores, SBI Life Insurance Co at Rs 678.59 Crores and HDFC Standard Life Insurance Co
at Rs 659.3 Crores.
The unclaimed insurance money of policyholders has been increasing. In the year 2012-
13, the unclaimed amount for the entire industry was Rs 4,865.81 Crores. There has been
a 25% increase year-on-year over the past five years.
The IRDAI has asked insurers to take proper steps to identify the policyholders or
beneficiaries and disburse the claims.
All the life insurers have been asked by IRDAI to provide a search facility on their
websites to permit policyholders or dependents to identify, if there are any unclaimed
amounts due to them, lying with these insurers.
There will be a separate window on the website of the insurer to find out unclaimed
amounts. Policyholders or dependents should enter details such as policy number, the
name of the policyholder, PAN of the policyholder, date of birth or Aadhaar number of
the policyholder, to find the unclaimed amounts. The information pertaining to
unclaimed amounts on websites of insurers should be updated on a half-yearly basis.
7. .
All the life insurers have been asked by IRDAI to provide a search facility
on their websites to permit policyholders or dependents to identify, if
there are any unclaimed amounts due to them, lying with these insurers.
There will be a separate window on the website of the insurer to find out
unclaimed amounts. Policyholders or dependents should enter details
such as policy number, the name of the policyholder, PAN of the
policyholder, date of birth or Aadhaar number of the policyholder, to find
the unclaimed amounts. The information pertaining to unclaimed amounts
on websites of insurers should be updated on a half-yearly basis.
8. Reasons why amounts are unclaimed
Nominees are not aware of the policy
The main reason why most of the amounts go unclaimed is
because nominees are not aware of the policy availed by the
policyholder. In some cases, nominees won't be having policy
documents to make a claim. To avoid such situations, it is
advisable to let nominees know about the insurance policy
availed and also where the policy documents are stored.
9. .
Change in address
If the claim amount is paid via cheque, the change in the address of the
policyholder or claimants may lead to delays in the process. To avoid this
headache, you should update the address in the insurer's records.
Misplacement of cheque
Misplacement of the cheque can lead to a delay in receiving the claim.
Now many insurers settle claims through electronic transfer of funds. So, it
is advisable for all the policyholders to opt for electronic transfer of funds.
For the policies issued after 2014, insurers insist on electronic transfer of
funds.
10. The unclaimed insurance amount reported by
the life and non-life insurance companies is as
follows:
11. As per the IRDA’s latest report, unclaimed money worth nearly
Rs 15,167 crores (as on March 31, 2018) is lying idle with Life
Insurance Companies.
The Unclaimed List is as below:
LIC – Rs 10,509 Cr
ICICI Pru – Rs 807.4 Cr
Reliance – Rs 696.12 Cr
SBI Life – Rs 678.59 Cr
HDFC Life – Rs 659.3 Cr
12. Steps to Look for Unclaimed and Outstanding
Amounts as a LIC Policyholder
13. .
You can find the path to check your unclaimed as well as outstanding LIC policy
dues by simply going to the home page of the LIC website.
Here, you will need to go to the bottom part of the page and look for the multiple
bottom links.
Next, you have to click on ‘Unclaimed Amounts of Policyholders’.
You will now arrive at the page with the heading ‘Unclaimed and Outstanding
Amounts to Policyholders’. This section of the LIC website can be used to know if
any amount from your LIC policy is lying without being claimed.
You will be required to enter a few details and they are – Your policy number, name
of policyholder, your date of birth in DD/MM/YYYY format, and PAN card number.
In this form, your name and date of birth will be the mandatory fields. After filling
the form, you need to click on ‘Submit’.
14. New rules about unclaimed insurance
money
If no insurance claim is made for a period of 25 years after the transfer, you will have
to forfeit the money and it will belong to the government
According to the Insurance Regulatory and Development Authority of India’s (Irdai)
circular, which was released on 25 July, unclaimed monies of insurance companies will
move to the Senior Citizens Welfare Fund, which has been created by the
government, after lying unclaimed for 10 years from the date it was payable to the
policyholder or the beneficiary.
The government had created this fund Through the Finance Acts, 2015 and 2016, to
promote the welfare of senior citizens, in which notified institutions have to transfer
unclaimed monies. These institutions include: postal savings scheme and Employees
Provident Fund schemes. In an amendment in April this year, the government also
added insurance companies to this list.
The government had created this fund Through the Finance Acts, 2015 and 2016, to
promote the welfare of senior citizens, in which notified institutions have to transfer
unclaimed monies. These institutions include: postal savings scheme and Employees
Provident Fund schemes. In an amendment in April this year, the government also
added insurance companies to this list.