What are various unclaimed investments that NRIs' are generally unaware of?
Unclaimed Wealth in India: Opportunities for NRIs
Hidden wealth in India, that most NRIs are unaware of:
Old physical shares - The old physical shares, which have not been dematerialized, still hold a lot of value and can be claimed by the shareholder or the legal heir even if you do not have all the documents. This is part of unclaimed asset recovery.
The rejected insurance claims - If you filed an insurance claim that was either rejected or was mis-sold to the NRIs or their parents, then there is still an option to fight and claim the money. This could be considered as part of unclaimed inheritance or unclaimed assets.
The dormant bank accounts - Money lying in the bank accounts of an NRI or the family members can still be claimed as unclaimed property. Even if the account has not been accessed for a long time, the funds can be recovered through unclaimed asset recovery services.
PF claims - The amount accumulated in the Provident Fund accounts even after leaving India remains yours and can be claimed. This is often an unclaimed asset that many NRIs forget to recover.
Insurance premiums - If you paid insurance premiums while in India, the premium amounts can still be claimed from the insurance company even if you do not have the policy running. Unclaimed inheritance can also include such recoveries for those who may not be aware of the unclaimed funds.
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Read MoreWhat are various unclaimed investments that NRIs' are generally unaware of?
Read MoreWhat are various unclaimed investments that NRIs' are generally unaware of?
Unclaimed Wealth in India: Opportunities for NRIs
Hidden wealth in India, that most NRIs are unaware of:
Old physical shares - The old physical shares, which have not been dematerialized, still hold a lot of value and can be claimed by the shareholder or the legal heir even if you do not have all the documents. This is part of unclaimed asset recovery.
The rejected insurance claims - If you filed an insurance claim that was either rejected or was mis-sold to the NRIs or their parents, then there is still an option to fight and claim the money. This could be considered as part of unclaimed inheritance or unclaimed assets.
The dormant bank accounts - Money lying in the bank accounts of an NRI or the family members can still be claimed as unclaimed property. Even if the account has not been accessed for a long time, the funds can be recovered through unclaimed asset recovery services.
PF claims - The amount accumulated in the Provident Fund accounts even after leaving India remains yours and can be claimed. This is often an unclaimed asset that many NRIs forget to recover.
Insurance premiums - If you paid insurance premiums while in India, the premium amounts can still be claimed from the insurance company even if you do not have the policy running. Unclaimed inheritance can also include such recoveries for those who may not be aware of the unclaimed funds.
Also Read: Unclaimed Inheritance in India: How NRIs Can Reclaim Their Assets