India’s central government has launched a campaign called ‘Your Money — Your Right.’ This campaign helps individuals claim unclaimed insurance amounts and inactive Employees Provident Fund (EPF) accounts online. It aims to reconnect citizens with forgotten financial assets, which include large sums in unclaimed insurance policies and EPF accounts.

The campaign was announced on July 23, 2026. It aims to make it easier for policyholders and EPF members to check their dues and start claims online. As of March 31, 2026, the Life Insurance Corporation of India (LIC) holds about ₹7,318.50 crore in unclaimed amounts. Inoperative EPF accounts contain around ₹9,330.56 crore. This shows the scale of unclaimed funds in India. According to a report by Mint, this initiative should help reduce unclaimed funds by raising awareness and simplifying the claims process.

Understanding the Online Claims Process for Insurance

To claim unclaimed insurance amounts, policyholders can visit the official LIC website. They can search for their unclaimed amounts using their policy details. The LIC has also set up measures to trace policyholders and their nominees through letters, SMS, and local agents. The Bima Bharosa portal, part of this initiative, helps policyholders trace their unclaimed insurance policies. Users can check their eligibility for claims and follow steps to recover their funds.

The ‘Your Money — Your Right’ campaign includes awareness ads in multiple languages across the country. This ensures that individuals know their rights to reclaim these funds. This is especially important for younger generations who may not know about their unclaimed assets. The campaign also highlights the need for financial literacy. Many people lack knowledge about these funds and the claiming process. The Ministry of Finance notes that the initiative aims to educate citizens about their financial rights and the importance of staying informed about their assets.

Career Ahead’s analysis shows that the government’s proactive approach to unclaimed insurance recovery matches global trends in financial literacy.

Career Ahead’s analysis shows that the government’s proactive approach to unclaimed insurance recovery matches global trends in financial literacy. Countries worldwide are focusing on helping citizens reclaim lost assets. This can greatly improve individual financial stability. The campaign’s focus on digital accessibility is especially relevant today, as online platforms can speed up claims processing.

EPF Claims and the Digital Landscape

The claims process for EPF members is slightly different. Inoperative EPF accounts can be categorized by their Know Your Customer (KYC) status. The government has started a pilot project to automatically settle Aadhaar-verified inoperative accounts with balances of ₹1,000 or less. Eligible members will receive their funds directly in their Aadhaar-linked bank accounts. This means they won’t need to submit new claims or documents. This move should greatly simplify the claims process for EPF members, especially those unfamiliar with it.

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The EPFO (Employees’ Provident Fund Organisation) is also raising awareness about unclaimed funds through social media and local camps. These efforts are vital for young professionals who often change jobs and may lose track of their EPF accounts. As of March 2026, the EPFO reported no unclaimed accounts, but many inoperative accounts still hold significant balances. This shows a need for individuals to check their EPF status and claim any pending amounts. The government’s initiative helps individuals recover their money and encourages better financial planning.

Career Ahead research finds that digitalizing the claims process is a big step toward improving financial literacy among young professionals. By making the process easier, the government empowers individuals to take control of their financial futures. The focus on digital claims aligns with a broader trend of increasing digital engagement in India, especially after the COVID-19 pandemic, which sped up the shift to online services.

This campaign’s impact goes beyond financial recovery. It represents a shift toward a more financially literate society. As people become more aware of their financial rights and assets, we may see a trend of increased financial responsibility among the younger generation. The government’s commitment to promoting financial literacy through ‘Your Money — Your Right’ is crucial for fostering a culture of financial awareness. This can lead to improved economic stability for individuals and the nation.

Career Ahead research finds that digitalizing the claims process is a big step toward improving financial literacy among young professionals.

Frequently Asked Questions

How do I check if I have unclaimed insurance?

To check for unclaimed insurance amounts, visit the official LIC website. Use your policy details to search for any unclaimed funds. The Bima Bharosa portal can also help trace unclaimed policies.

What steps do I need to take to claim my EPF?

To claim your EPF, ensure your KYC details are updated. Then, visit the EPFO’s official portal. You may qualify for automatic settlement if your account balance is ₹1,000 or less.

What are the benefits of claiming unclaimed amounts promptly?

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Claiming unclaimed amounts quickly helps individuals regain control over their finances. It can significantly impact their financial planning and reduce the risk of losing access to these funds due to regulatory changes or inactivity.