Change nominee in LIC Policy: LIC is considered to be the most trusted company in the country because it has been beneficial for the investors in many ways.
Change nominee in LIC Policy: Crores of people of the country are connected through the policy of Life Insurance Corporation. LIC is considered to be the most trusted company in the country as it has been beneficial for the investors in many ways. With the passage of time, LIC keeps launching many attractive and new policies for its customers.
Most people find investing in LIC risk free and money is also considered safe here compared to other insurance companies. The role of LIC Nominee is very important in any policy. But many times people need to change their nominee for some reason, so today we are going to tell you how you can change it.
Know who is the nominee
In the scheme taken under Life Insurance Corporation, one or more persons can be made a nominee. If you have taken the policy then the nominee will also be joint. An unknown person cannot be made a nominee. At the same time, no minor child can also be made a nominee.
This is how you can change the nominee
Any number of times an individual can change the nominee before the policy maturity. The name of the nominee will be changed in the same branch where your policy operates. You can change your nominee from where the policy is opened. The process of changing the nominee cannot be done online, you can do it offline only.
All work will have to be done offline
LIC has started online service for most of its facilities. You can take advantage of all the facilities online by visiting the LIC portal. However, to change the nominee, you have to go to LIC’s office only. This facility has not been started online yet.
