Lot of unclaimed insurance, dormant bank accounts definitely tells that there is a section of people who plan the things for their family but missed in communicating the same to their family members.

First question you should ask yourself is how frequently you discuss your insurance and investments with your dependents ( spouse/parents/kids etc) . Are they aware of what all things you have planned in terms of investments and where all you have invested. If not then start discussing periodically , may be 6 months or yearly or monthly or whenever there is a major change in your planning.

For Example : If you have added 1 CR of term insurance then let your dependent know the details about it and let them understand this. Another example could be , you have bought Kid's plan for his/her education then let your family member know this.

You should also ask some simple questions to your spouse/dependent whenever you feel appropriate and these questions might be uncomfortable but that will give you idea on how prepare your dependents are:

For example:

1. What If I am hospitalized and you need to arrange 5 Lakhs , how will you do it. Are your dependents aware of bank accounts/cash options or whatever way that you use to manage your money and they know how to arrange that sum at critical times when you are not available for that moment.

2. In case of any unfortunate incident what will be the financial coverage and how that money should be utilized and managed to live remaining life. I know it is very uncomfortable question but slowly you should have such sort of discussions.

It is important that we invest and plan but also make sure our dependents are aware of all our planning.

Not only make your dependents aware but also make sure you list down the details somewhere elctronically or physically and keep updating it regularly.