Kathmandu. India’s finance ministry is set to launch a nationwide awareness campaign to encourage the wealthy who have been lying idle in insurance banks and securities boards for years without identifying their heirs or owners.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will flag off the campaign on October 4, 2025 in Gandhinagar, Gujarat.
The Department of Financial Services (DFS) in coordination with Insurance Regulatory and Development Authority of India, Reserve Bank of India, Securities and Exchange Board of India (SEBI), and Investor Education and Protection Fund Authority (EFTA) under the Ministry of Corporate Affairs is launching an awareness campaign to encourage claims on unclaimed assets in the financial sector.
The campaign is being launched under the slogan “Your Money, Your Rights” with a three-month nationwide awareness campaign.
Unclaimed financial assets, including life insurance claims, bank deposits, dividends, shares, and mutual fund income, often remain unclaimed due to lack of awareness or outdated account details.
During the campaign, citizens will be given door-to-door information on how to find their unclaimed properties, update documents and evidence, and claim process. Digital tools will also be displayed.
According to the Insurance Regulatory and Development Authority of India (IRDAI), the insured did not take the payment of Rs 222 billion from life insurance companies in 2024. Most of these amounts belong to the insured when the term of the insurance has expired, the real owner is not known, and the insured does not even know which company he or she is insured with.
