Are you insured? Beware! Do not lose your money
It is important to be careful when entering bank details, address, nominee and other communication details at the time of policy purchase. It is more important to review the policy documents and inform the insurer in case there is any change in the information. Not updating these details may result in your family missing out on the claims payment.
Close to Rs 15,167 crore of policyholders’ money is lying unclaimed with life insurers today. Insurance is bought as a protection tool to be put to use in times of need. Image source: PTI