Archive · 20 Jul 2026
Unclaimed Money with LIC and EPFO Reaches Significant Levels
The Indian government has shared new information about unclaimed money with LIC and EPFO.
LIC and EPFO are organizations that help people with insurance and savings.
LIC was created in 1956 to make life insurance affordable for everyone, especially in rural areas.
EPFO was set up in 1952 to manage savings and pension schemes for workers.
A member of Parliament asked the government to share how much unclaimed money is with these organizations and what steps they are taking to return it to the rightful owners.
The government has now provided this information.
The Central government has released data on unclaimed money with LIC and EPFO.
LIC was established on September 1, 1956, to make life insurance accessible.
EPFO was set up in 1952 to manage provident fund, pension, and insurance schemes.
Lok Sabha MP Dr MK Vishnu Prasad sought details on unclaimed money and return steps.
The information was provided during the Monsoon Session of Parliament.
- Who
- Life Insurance Corporation of India (LIC) and Employees’ Provident Fund Organisation (EPFO)
- What
- Unclaimed money and deposits
- When
- During the Monsoon Session of Parliament
- Where
- India
- Why
- To provide details of unclaimed money and steps to return it
- Organizations Involved
- Life Insurance Corporation of India (LIC) and Employees’ Provident Fund Organisation (EPFO)
- LIC Establishment Date
- September 1, 1956
- EPFO Establishment Date
- 1952
- LIC Purpose
- Make life insurance accessible, especially in rural areas
- EPFO Purpose
- Manage provident fund, pension, and insurance schemes for organized sector workers
- Inquiry Source
- Lok Sabha MP Dr MK Vishnu Prasad
- Session of Parliament
- Monsoon Session
- Information Sought
- Total unclaimed money and steps to return it