Guide to Changing Your Name on an LIC Policy During Renewal
Changing your name on a Life Insurance Corporation of India (LIC) policy can be a crucial step, especially if your name has been updated due to marriage, legal changes, or other reasons. Here, we outline the process and required documents for making such changes, particularly when the policy is already in the renewal stage.
Understanding the Importance of a Name Change
When your name changes, ensuring that your life insurance policy accurately reflects your new identity is essential. This not only avoids any confusion but also facilitates smoother claims processes down the line. There are typically two primary scenarios where a name change is accepted by LIC: changes via a gazette or municipal procedure, and changes for females following marriage. Each scenario has specific documents that need to be submitted.
Required Documents for Name Change
When you decide to change your name on your LIC policy, you need to follow a series of steps to ensure the process goes smoothly. The necessary documents include:
Duly filled name change application form: This can be obtained from the LIC website or your nearest LIC branch. Affidavit: An official legal document confirming the name change. Proof of identity: If the name change is due to marriage, provide a valid marriage certificate. For other reasons, you may need a document like a passport, PAN card, Aadhaar card, or any other government-issued identity card.Opting to Make Name Changes
While it is generally expected that the name on your policy matches your birth record, there are some exceptions. If you have legally changed your name via a government gazette or municipal procedure, or if you are a female whose name has changed following marriage, you are eligible to make these changes. The supporting document required varies depending on the reason for the name change.
Procedure for Name Change
The process to change your name on your LIC policy involves several steps:
Prepare the necessary documents: Ensure you have all the required documents ready, including the application form, affidavit, and proof of identity. Visit the nearest LIC branch: Take all the documents to your nearest LIC branch and speak with the customer service or help desk. Submit the documents: Hand over the application form and supporting documents to the LIC representative. Verification process: The LIC may verify the authenticity of the documents and may contact you for further details if needed. Policy record update: Once the verification is complete, the policy records will be updated with your new name. You may receive an updated policy document as confirmation.It is important to note that the specific process and requirements can vary based on your location and the policies of LIC. Directly contacting LIC or visiting their website for the most accurate and up-to-date information is highly recommended.
For cases where a minor correction is needed, or if a name has been wrongly mentioned, submit a birth certificate or any other relevant proof.