
The consequences of this lack of awareness are significant. At the beginning of FY2025, insurers were holding more than ₹9,305 crore in unclaimed amounts, including maturity proceeds, death claims and surrender values.
Mr. Mahesh S. Shetti is a certified Insurance and savings advisor with India’s leading Insurance providing company LIC. We understand that successful financial portfolio is not dependent on the products, but on the service we provide to our clients and the relation that we build. We work closely with you to build that trust and we guarantee customized and timely service.
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ASIA Insurance Post 24/06/2026
The consequences of this lack of awareness are significant. At the beginning of FY2025, insurers were holding more than ₹9,305 crore in unclaimed amounts, including maturity proceeds, death claims and surrender values.
NEW DELHI: State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said.


