Insurance companies holding on to stash of unclaimed Rs 11,668 crore

Unclaimed amount of policyholders with insurance companies (both life and non-life) has reached around Rs 11,668 crore as on March 31, 2016, Parliament was informed today. 

"There are unclaimed amounts of policyholders with various insurance companies in India. The approximate unclaimed amount with insurance companies as on March 31, 2016 is Rs 11,668 crore," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha. 

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