NoRegret.in

In India, there is approximately Rs. 150,000 crore worth of unclaimed money. The primary reason for this is that people pass away without informing their families about their investments, bank accounts, insurance policies, etc. Many individuals do not even record nominees. Since most insurance and deposit forms only ask for the nominee's name without an address or telephone number, nominees may not be aware of the investment. Sometimes, spouses are partially aware of these investments, but there is always a risk of misfortune happening to both of them. In the conventional scenario, financial institutions typically rely on nominees to initiate contact in the unfortunate event of the policy or account holder's demise. However, these institutions lack a mechanism to ascertain whether the policy/account holder is alive or not and often possess minimal contact information for nominees, usually limited to their names. Here at NoRegret.in, we revolutionise this process. Once user has uploaded their docs and declare their nominees, we'll regularly check in with user to ensure their well-being. In the event of mishappening, we’ll proactively reach out to their nominees to ensure that they are informed and aware of user’s financial arrangements, even if they are not familiar with the platform. This innovative approach not only reverses the traditional notification process but also grants users unparalleled peace of mind, all without necessitating prior awareness of our platform by family members.