Home » Insurance » IRDAI Public Insurance Registry (PIR) ₹8,973.89 Crore Unclaimed Insurance: What IRDAI’s New PIR Proposal Really Means for You By Harsh Nath Jha | Published on September 2, 2026 Figure: IRDAI’s blueprint for the Public Insurance Registry (PIR) and interconnected insurance rails. ⚠️ Reality Check First: While headlines are buzzing with talk of a "₹9,000 Crore Windfall," let us be clear: this represents the ₹8,973.89 crore of cumulative unclaimed insurance funds sitting dormant across insurers as of February 28, 2026. The proposed Public Insurance Registry (PIR) is not an ATM to automatically dispense cash today—it is a groundbreaking regulatory architecture designed to ensure policies never get lost in the dark again. If you have ever cleaned out an old family cupboard,...
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