ICICI Prudential Life Launches 'Saksham Niveshak' Campaign for Unclaimed Shareholder Assets

How to Reclaim Unpaid Dividends and Shares

Shareholders have a specific window to claim their unpaid dividends and equity shares through ICICI Prudential Life's 'Saksham Niveshak' campaign. The initiative runs from April 1, 2026, to July 9, 2026. Dividends declared from FY2020 to FY2026 are eligible for reclamation during this period. To successfully receive these funds, shareholders must ensure their Know Your Customer (KYC) and bank details are up-to-date with the company. Claims are processed and funds are typically transferred electronically.

Why This Matters for Shareholders

This campaign presents a vital opportunity for shareholders to recover financial assets they may have forgotten about, preventing them from being permanently transferred to the Investor Education and Protection Fund (IEPF). If shareholders do not claim their entitlements by the July 9 deadline, these assets will be transferred to the IEPF. Following such a transfer, shareholders lose their direct claim against ICICI Prudential Life for these specific assets and must instead navigate the separate claim process directly with the IEPF Authority.

Regulatory Background and Industry Practice

The 'Saksham Niveshak' campaign aligns with directives from the Investor Education and Protection Fund Authority (IEPFA) and adheres to Section 124 of the Companies Act, 2013. This framework is in place to protect investor interests by managing funds that remain unclaimed for seven consecutive years. ICICI Prudential Life has conducted similar campaigns, as have other group entities like ICICI Lombard. Major listed life insurers, including HDFC Life and SBI Life, operate under the same regulations concerning unclaimed dividends and IEPF transfers, and commonly run outreach programs to ensure compliance and shareholder service.

Next Steps for Shareholders

Shareholders interested in reclaiming their unpaid dividends and shares should first verify their dividend history with ICICI Prudential Life. It is essential to update KYC and bank details with the company's Registrar or their Depository Participant. All claim requests must be submitted through the company's designated procedures before the July 9, 2026, deadline. Shareholders needing to claim assets already transferred to the IEPF must follow the separate procedures established by the IEPF Authority.