LIC sits over Rs 21K cr unclaimed funds

Tribune Web Desk

Updated At : 02:36 PM Feb 17, 2022 IST

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New Delhi, February 16

Insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus (DRHP) filed for IPO with SEBI. This includes interest earned over the outstanding unclaimed amount.

As per the DRHP, the unclaimed amount was at Rs 18,495 crore at the end of March 2021 and Rs 16,052.65 crore at the end of March 2020. — PTI

DHRP findings

Every insurer is required to display information about any unclaimed amount of Rs1,000 or more on their respective websites

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