Rs. 3096 Crore Unclamed Money in Insurance Sector

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....s. 3096 Crore Unclamed Money in Insurance Sector <br>News and Press Release<br>Dated:- 8-3-2013<br><BR>The Insurance Regulatory and Development Authority (IRDA) has informed that the total unclaimed a....

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....mount for the insurance industry, as reported by the insurers, in Rs. 3096.72 Crpre (as on 31.03.2012). Of this Rs. 2476.19 Crore is in Life Industry and Rs. 620.53 Crore in Non-Life industry. IRDA h....

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....as further informed that it has advised the insurers vide its Circular dated 4th November 2010 that such unclaimed amount will not be appropriated/written back, in any circumstance. This was stated b....

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....y Minister of State for Finance, Shri Namo Narain Meena, in Lok Sabha today. DSM/RS/rs (Release ID :93322)<BR> News - Press release - PIB....