Rs 15,167 cr unclaimed money lying with life insurance companies
New Delhi, July 29 : A staggering amount of Rs 15,167 crore amount belonging to policyholders is lying unclaimed with 23 life insurance companies, according to latest regulatory data.
On the basis of this information, the Insurance Regulatory and Development Authority of India (IRDAI) has asked the companies to disburse old insurance claims after identifying the concerned policyholders or beneficiaries.
As per the data released, of the total unclaimed amount of Rs 15,166.47 crore as on March 31, 2018, state-run Life Insurance Corporation towers over other companies in the unclaimed list with Rs 10,509 crore, while the 22 private sector insurers account for the remaining Rs 4,657.45 crore.
Among private companies, ICICI Prudential Life Insurance has Rs 807.4 crore of unclaimed insurance claims, followed by Reliance Nippon Life Insurance (Rs 696.12 crore), SBI Life Insurance (Rs 678.59 crore) and HDFC Standard Life Insurance (Rs 659.3 crore).
Insurance companies are required to update information regarding unclaimed amounts on their websites on six-monthly basis.
IRDAI has earlier asked the life insurance companies to provide a search facility on their website to enable policyholders or beneficiaries ascertain any unclaimed amounts due to them that are still lying with the firms.
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Meerut youth allegedly assaulted, family claims forced chanting of Jai Shri Ram slogans
Meerut :A young man from Sofipur village, Meerut, was reportedly assaulted, stripped, and coerced to chant religious slogans, according to allegations made by his family on Monday. The incident occurred on Saturday evening as the victim, Gulfam, was returning home from practice at a private shooting range in Mangal Pandey Nagar, said his father, Aftab.
Aftab claimed that Gulfam was intercepted by three individuals who took him to Victoria Park. There, the assailants allegedly beat him, stripped him, and demanded that he chant "Jai Shri Ram." Gulfam’s family also alleged that the attackers stole his mobile phone and left him unconscious at the scene.
However, local police have rejected the claims of stripping and forced chanting, suggesting that the incident appears to be linked to personal enmity. "There is no mention of any forced chanting in the FIR. It seems to be a case of enmity between local youths," stated Mahavir Singh, Station House Officer (SHO) of Civil Lines Police Station.
Based on Aftab’s complaint, an FIR was filed under relevant sections of the Bharatiya Nyaya Sanhita, including 351(2) for criminal intimidation, 352 for intentional insult with intent to provoke a breach of peace, and 324 for mischief. Civil Lines Circle Officer, Abhishek Tiwari, confirmed that efforts are ongoing to apprehend the suspects involved.
Gulfam, who is preparing for a national shooting competition, is currently undergoing medical treatment at a private hospital. His family continues to maintain that the attack was religiously motivated, though the authorities have yet to substantiate these specific claims.
