ICICI Prudential Life Insurance Company has initiated a new campaign, ‘Saksham Niveshak’, aimed at shareholders with unpaid or unclaimed dividends as of 31 March 2026. This initiative, which runs from 1 April 2026 to 9 July 2026, is in accordance with the directive from the Investor Education and Protection Fund (IEPF) Authority, Ministry of Corporate Affairs.
The campaign encourages shareholders to update their KYC and bank details to claim equity shares and unpaid dividends before they are transferred to the IEPF. The company has sent out intimation letters to shareholders, highlighting the necessity of updating these details to facilitate the electronic processing of dividend payments.
According to the company’s records, dividends declared from FY2020 to FY2026 have remained unpaid or unclaimed for some shareholders. The details of these unclaimed dividends are available on ICICI Prudential Life Insurance‘s website.
Shareholders are urged to send the unpaid dividend warrants or a signed letter-cum-indemnity to the company to reissue the unclaimed dividends. The company has warned that if the necessary documents are not provided or are incomplete, the request for dividend payment may be rejected, and the unclaimed dividends, along with corresponding shares, will be transferred to the IEPF.
In the absence of registered bank details, the outstanding dividend amount cannot be paid. Moreover, if dividends remain unclaimed, the corresponding equity shares will be transferred to the IEPF without further notice, and no liability shall be held against the company for such transfers.
Shareholders wishing to reclaim dividends and shares after their transfer to the IEPF must apply separately to the IEPF Authority using Form IEPF-5, as prescribed by the Ministry of Corporate Affairs.
For queries, shareholders can contact KFin Technologies Limited, the company’s Registrar and Share Transfer Agent, or email the company directly.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).