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Unclaimed Amount Details

Dear Policyholder,

This is with reference to IRDA’s circular IRDA/F&A/CIR/GLD/195/08/2014 dated 20th Aug, 2014 on disclosure of unclaimed amount.

The circular outlines the following:

Unclaimed amounts of policyholders shall be disclosed as per the following criteria:

in respect of claims settled but not paid, from the date the claim processing has been completed by the insurer

in respect of amounts due to policyholders on account of death or surrender, from the date of receipt of all information/ documents from the policyholders; and in case of maturity, survival benefits, annuity, etc. from the due date as per the policy contract.

in respect of excess collection of premium or tax, from the date on which the excess receipts become payable which may be on acceptance of proposal or as per terms of policy contract or as per applicable law or directions of the Authority, and

with respect to cheques issued but not encashed by the policyholders/ beneficiaries, the cheques crossing the validity dates (becoming stale) during a month shall be transferred to “unclaimed amounts” at the end of that month.

 

For the benefit of our Policyholders, SUD Life has uploaded the following information in respect of unclaimed amount as on 30th September 2016 on the website.

To claim your unclaimed amount please follow the steps given below :

Click on ' New Unclaimed Amount Page' provided below the 'Documents Required' table.

Enter required fields and submit the bank details.

Download and print the 'Unclaimed Request Refund Form'.

Visit your nearest SUD Life office and submit the form along with the required documents to enable us process the refund.

 

Documents Required

Reason for Unclaimed RefundDocuments Required
Termination Excess Premium Annuity Surrender

1. Cancelled cheque

2. Bank Statement

3. Address Proof

4. Photo Identity Proof

5. PAN copy

6. Passbook Copy with name, address and account details

Excess Premium – Group Policy

Request letter containing the following

1.Name of Member

2.Loan Account No. ( Duly Attested by the Bank)

3. Savings Bank Account No. ( Duly Attested by the Bank)

Claims

Requirements for Individual Death Claim (Claims settled but not paid)

1. Nominee's Death Certificate

2. Succession Certificate from Court of Law

3. Bank details of the Beneficiary mentioned in Succession Certificate

Requirements for Group Surrender (MRTA) Claims (EFT Rejects)

1. KYC of Life Assured (Photo Identity Proof and Address Proof)

2. Bank details of the Life Assured - Cancelled Cheque with pre printed name / Bank Pass book copy

Requirements for Individual / Group Death Claims (EFT Rejects)

1. KYC of Nominee (Photo Identity Proof and Address Proof)

2. Bank details of the Nominee - Cancelled Cheque with pre printed name / Bank Pass book copy

Requirements for Maturity Claims - Non Pension

1. KYC of Policyholder (Photo Identity Proof and Address Proof)

2. Bank details of the Policyholder - Cancelled Cheque with pre printed name / Bank Pass book copy

3. Original Policy Document 4. Maturity Discharge Voucher duly filled and signed

Requirements for Maturity Claims - Pension

1. KYC of Policyholder (Photo Identity Proof and Address Proof)

2. Bank details of the Policyholder - Cancelled Cheque with pre printed name / Bank Pass book copy

3. Original Policy Document

4. Maturity Discharge Voucher duly filled and signed

5. Annuity Option Sheet duly filled and signed

6. Proposal Form duly filled and signed (where Fund Value is equal to or more than Rs. 5 lacs)

7. Age Proof (where Fund Value is equal to or more than Rs. 5 lacs)

 

Please note that the details of unclaimed amount are updated by SUD Life on a Half Yearly basis.

For Star Union Dai-ichi Life Insurance Company Limited

CIN- U66010MH2007PLC174472

 For Unclaimed Amount as on March 2019 Click here

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Registered with IRDAI as Life Insurance Company, Registration No. 142.

Registered Office : 11th Floor, Vishwaroop I.T . Park, Plot No. 34, 35 & 38, Sector: 30A of IIP, Vashi, Navi Mumbai – 400 703.

Telephone No.: 022-39546200 / 71966200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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