Insurance Firms Sit On Rs 6,700 Crore Unclaimed Funds

Small sums add up to big ones. Particularly when you are an insurance company. Turns out close to Rs 6,700 crore (approximately $1.2 billion) is lying unclaimed with Indian private and public insurance companies at the end of March 31, 2014.   According to a reply in the Lok Sabha recently by Minister of state … Continued