Does a life insurance company have a legal to inform beneficiaries of an unclaimed policy?

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1204378

2026-03-22 17:20

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Well, life insurer has the legal responsiblity to intimate the beneficiary during maturity of the policy. But though it is not legally binding, the life insurer ought to send reminder to the beneficiary about unclaimed policy amount, to maintain cordial relationship with the insured/beneficiary of the policy.

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