Archive · 23 Jul 2026
Government Clarifies Unclaimed Insurance and EPF Funds
The Indian government has clarified that unclaimed insurance and EPF amounts will not be used for purposes other than the existing mechanism.
Unclaimed insurance amounts over 10 years are transferred to the Senior Citizen Welfare Fund.
Citizens can check and claim their unclaimed amounts through the 'Your Money — Your Right' campaign.
The LIC has ₹7,318.50 crore in unclaimed amounts, while EPFO has ₹9,330.56 crore in inoperative accounts.
The government is also running awareness campaigns and initiatives to help people claim their money.
The government has no proposal to use unclaimed funds for purposes other than the existing mechanism.
Unclaimed insurance amounts over 10 years are transferred to the Senior Citizen Welfare Fund.
LIC has ₹7,318.50 crore in unclaimed amounts as of 31 March 2026.
EPFO has ₹9,330.56 crore in inoperative accounts as of 31 March 2026.
Citizens can check and claim their unclaimed amounts through the 'Your Money — Your Right' campaign.
- Who
- The central government and citizens with unclaimed insurance and EPF amounts.
- What
- Clarification on the use of unclaimed funds and how to claim them.
- When
- As of 31 March 2026.
- Where
- India.
- Why
- To ensure unclaimed funds are returned to rightful owners.
Government's Stance
Public's Perspective
Use of Unclaimed Funds
Government's Stance
The government has no proposal to use unclaimed funds for purposes other than the existing mechanism.
Public's Perspective
Public may expect more proactive measures to return unclaimed funds.
- Unclaimed Amount with LIC
- ₹7,318.50 crore as of 31 March 2026
- Unclaimed Amount with EPFO
- ₹9,330.56 crore as of 31 March 2026
- Senior Citizen Welfare Fund (SCWF)
- Unclaimed insurance amounts for over 10 years are transferred here.
- Your Money — Your Right Campaign
- A nationwide effort to reconnect citizens with forgotten financial assets.
- Bima Bharosa Portal
- https://bimabharosa.irdai.gov.in/
- EPFO Portal
- https://unifiedportal-mem.epfindia.gov.in/memberinterface/