Change Nominee and Address in LIC policy

Some of the common reasons why a nominee is changes are given below:

1. Name is incorrect.

1. Date of birth is incorrect.
2. In case the nominee has passed away.

Procedure to change nominee

The procedure to change the nominee is fairly simple and hassle-free in nature. You can make the change during your policy term any number of times. For all the policies with a sum assured below Rs.75,000, the first cancellation or change of nomination is done free of cost. A fee is charged from the second time onwards.

Mentioned below is the procedure for changing nomination:

1. Form 3750 must be submitted to ensure LIC is notified.
2. Endorsement must be done.

Documents Required to Change the Nominee

The list of documents that must be submitted to change the nominee are mentioned below:

1. Photocopy of the LIC policy.
2. Policy contract. 
3. Relationship proof.
4. Form 3750.

Steps Involved in Changing your Address Offline

One of the key things to note here is that the application to change address can be submitted only in the home branch where you have taken the policy. Even if you have

moved to a different state, you cannot simply give this application in the local branch office.

The process involved in changing the address can be given as follows:

1. Visit the home branch of your LIC policy.

1. Submit a request to change your address in writing and with the reason for the change of address.
2. Submit a copy of the new address proof along with your policy details.

1. The officer in charge of the application will verify the new address and accept your application.

1. Once the application is submitted, you have to wait for the company to proceed with the updates.
2. Once the new address is updated by the company, it will be reflected in your portal under your profile.

It is worth noting that this entire process could take a while. In most cases, changing the address will not be an immediate process. After submitting the application, the policyholder may have to wait for a few days before the update is done.

Updating the Address in the Portal

Though there is an option for users to update the address in the portal on their own, there is not much use for this. The address updated here will not be used by the company for contacting the policyholder.

However, if you feel like you need to update your address here for information purpose, you can simply go ahead and do so. Once you have registered your policy on the LIC website and created an account, updating the address is just a few clicks away.

It can be done as follows:

1. Visit the LIC India official website and register as a new user.
2. Once you have registered, login into the account and click on ‘Enroll Policies’.
3. Provide your policy details and enroll your policy in the portal.
4. The details entered here will be used to register your policy.
5. If this process is already done, you can simply click on ‘update profile’ to enter the new address.
6. After entering the new address, click on submit.

As noted earlier, the address updated in this way can be used only for information purpose. The company will not use this for communication purposes. Any actual change in the policy address can be initiated only by visiting the home branch.

Updating the address and nominee are crucial steps to make the policy is up-to-date, Without the latest address, the company may not be in a position to communicate any important information regarding a policy.

If you have any doubts regarding this process, you may also contact LIC’s customer service department to enquire about the process involved in changing your address.