Archive · 21 Jul 2026
₹16,649 crore unclaimed in LIC and EPF accounts
There is a lot of money, ₹16,649.06 crore, that people have not claimed from their life insurance policies with LIC and their Employees' Provident Fund (EPF) accounts.
The government has shared this information in Parliament.
LIC has ₹7,318.50 crore in unclaimed policyholder accounts, and EPF has ₹9,330.56 crore in inoperative accounts.
LIC is trying to contact policyholders through letters, SMS, and even using a Credit Bureau Agency to find their details.
For EPF, the government has started a new system where money in inoperative accounts with small balances can be automatically sent to the members' bank accounts linked to their Aadhaar.
If the money in insurance policies is not claimed for more than 10 years, it goes to a fund for senior citizens.
The government is encouraging people to check and claim their money.
₹16,649.06 crore is unclaimed in LIC and inoperative EPF accounts as of 31 March, 2026.
LIC has ₹7,318.50 crore in unclaimed policyholder accounts.
EPF has ₹9,330.56 crore in inoperative accounts.
LIC is contacting policyholders through letters, SMS, and a Credit Bureau Agency to help them claim their money.
EPFO has introduced a pilot project for auto-initiation of claim settlement in Aadhaar-verified inoperative accounts with balances of ₹1,000 or less.
- Who
- Policyholders of LIC and members of EPF
- What
- ₹16,649.06 crore is lying unclaimed in LIC and inoperative EPF accounts
- When
- As of 31 March, 2026
- Where
- India
- Why
- Policyholders and EPF members have not claimed their dues, leading to unclaimed amounts.
LIC and EPF Account Holders
Government and Regulatory Bodies
Claiming Unclaimed Money
LIC and EPF Account Holders
Policyholders and EPF members need to actively check and claim their unclaimed money through LIC's website or EPFO's initiatives.
Government and Regulatory Bodies
LIC and EPFO are taking steps to trace policyholders and members, and simplify the claiming process.
- Total Unclaimed Amount
- ₹16,649.06 crore
- Unclaimed LIC Amount
- ₹7,318.50 crore
- Inoperative EPF Amount
- ₹9,330.56 crore
- LIC Claim Process
- Policyholders can search unclaimed amounts on LIC's official website using their date of birth, name, or PAN.
- EPFO Auto-Claim Initiative
- EPFO has introduced a pilot project for auto-initiation of claim settlement in Aadhaar-verified inoperative accounts with balances of ₹1,000 or less.
- Unclaimed Insurance Money
- Transferred to the Senior Citizens' Welfare Fund (SCWF) after 10 years.
