Unclaimed Insurance, unclaimed Provident Fund, unclaimed Bank Deposits and unclaimed dividends in India

Unclaimed Funds in India

There are Billions of Rupees in unclaimed Provident Fund Accounts, Insurance, Bank Deposits and dividends, The reason is investing online, no product knowledge and no advisory help.

These days everyone had started advising for insurance and investment.  As this business does not need any investment, the first choice is Insurance. Every next house is having one advisor. No proper knowledge or experience, becoming Advisor is the easiest job in India after the entry barrier is reduced to 10th std for becoming an Insurance advisor. 

No one wants to serve, only earn, earn and earn. Insurance policies are stopped or cancelled before the maturity period due to incomplete information. Most of the Advisors don't give after-sale service which is also a reason for discontinuation of the plans. 

The only solution is to buy Insurance from an Advisor with 10 years of regular experience after going through his existing client feedback.  Never buy Insurance and other financial instruments online and make your nominees run for the claims.