Apply for Name Change in LIC Policy in India or LIC policyholder name correction in India: Life Insurance Corporation, commonly known as LIC, is the largest life insurance provider company in the country and in India. It provides various life insurance products and services to people who have taken the LIC Policy in India. There are times when users want to change their name in their LIC policy because their name is incorrect in India. Changing one’s name can be a requirement for Life Insurance Corporation (LIC) policyholders, just like anyone else in India.
Name Change in LIC Policy in India, whether it’s due to marriage, divorce, or personal reasons in India, LIC policyholders may need to go through the process of name change and gazette notification in India. To ensure a smooth transition and avoid any complications in the future, it is important to understand the procedure and follow the necessary steps to Name Change In LIC Policy In India . Let’s explore how you can make this change and simplify your insurance journey in India. In this article, we will discuss the procedure of Name Change In LIC Policy In India.
LIC, one of the top life insurance providers in India, provides a simple and convenient way for policyholders to update their names in policy documents in India. You can easily complete the process online through the LIC portal. In certain instances, a Gazette notification might be required, depending on the nature of the name change in India.
The LIC policy acts as an investment tool in India. It also helps to pay off the debts of a person. You can also make alterations to the details that you have provided at the time of purchase of these policies because of many reasons in India.
Reasons For Name Change In LIC Policy in India
In India, there are some situations in which a person who has taken the LIC policy has a right to change the details or update his or her name in the policy document. These reasons are listed below:-
- In India, when a woman wants to change her name or surname after marriage to take up the name or surname of her husband.
- Adoption of a child in India.
- If the person has legally changed his or her name for some reason in India.
- In case of spelling errors in the policyholder’s name.
- Due to events like marriage in India
- Event like divorce in India
- LIC policy name change after death of policyholder in India
- Events like legal name change might necessitate altering the name on the policy document to ensure all records remain accurate and up-to-date in India.
- LIC policy name change due to spelling mistake in India
Eligibility Criteria for Name Change in LIC Policy in India
For Name Change in LIC Policy in India, different eligibility criteria exist for name changes in LIC policies in India, depending on the policyholder’s situation:
For Individuals in India:
If you are an individual policyholder in India, you can request a name change by submitting the required documents to LIC. The process can be initiated conveniently through the LIC portal in India.
For Name Change in LIC Policy in India for Minor Policyholder in India:
In the case of policyholders who are minors in India, the proposer or legal guardian can apply for a name change on behalf of the child. The guardian must provide the necessary documents to support the request.
For Policyholders with Joint Names in India:
For policies with joint ownership, both policyholders must agree on the name change in India. It is mandatory to provide appropriate documentation and obtain consent from all involved parties in India.
Documents Required For Name Change in LIC Policy in India
- A copy of the gazette publication for Name Change in LIC Policy in India.
- Copy of advertisement made in the newspaper from India.
- An official declaration or certificate and affidavit for name change in LIC policy documents in India.
- Marriage certificate holding the policyholder’s name( in case of marriage).
- Adoption deed (in case of child’s adoption) in India.
- Passport-size photo
- Identity Proof from India: Aadhaar card, PAN card, Passport, or any other government-issued ID.
- Address Proof from India: Aadhaar card, Passport, Driving License, or utility bills.
- Policy Document from India: Copy of the existing LIC policy.
- Affidavit from India: A duly signed affidavit declaring the reason for the name change.
Important Points To Remember for LIC Policyholder Name Correction in India and for Name Change in LIC Policy in India
Friend’s in India, before initiating the process, there are some points that you must remember in order to change the name in the LIC policy documents:-
- The name update should be made in the LIC home branch where the person has taken the policy in India.
- In India, it is suggested that you should change your name, which is your current name, or the new name should be mentioned in ID proofs like an aadhaar card, pan card, ration card, etc. before you initiate the process of name change in the LIC policy documents. This is done because the LIC requires specific proof for the name change, and if you do the needful prior, then it will be easy to provide the proof to the company when they ask for it.
- Carry all the required documents requested by the life insurance company in India.
- Provide a valid reason leading to a name change in LIC policy documents in the request application that you have written.
- If you have any queries, then you should contact the customer care of the LIC office in India.
- Suppose you are new to this process or are unfamiliar with the working of this name change procedure. In that case, it is strongly suggested that you should take the assistance of a life insurance advisor before you take steps to change the name in the LIC policy documents.
Gazette Publication For Name Change in LIC Policy in India
In order to Name Change in LIC Policy in India, you will need a copy of the gazette notification. The process of publishing a Gazette notification is as follows:
Name change affidavit for LIC policy in India: Name Change in LIC Policy in India, first, create a name change affidavit for Name Change In LIC Policy in India, must include the reason for name change in the Affidavit and must include old and new name which you want in the gazette for Name Change In LIC Policy in India.
The Name Change Affidavit for LIC (Life Insurance Corporation) policy in India is a crucial legal document that allows individuals to update or correct their name in LIC records. This affidavit serves as a declaration of identity and explains the reasons behind the name change in India. It includes important details such as the old name, new name, policy number, date of birth, and any supporting documents for the name change. To ensure authenticity, the affidavit must be signed in the presence of a notary public or an authorized officer. Once the Name Change Affidavit is properly executed and submitted to LIC, the necessary amendments are made to the policyholder’s information. This ensures that future policy-related transactions are carried out smoothly and accurately.
Newspaper Ads for name change in LIC policy in India: To change your Name Change In LIC Policy in India, you must publish your name change ad in two newspapers, one in English and one in your local language in India.
Gazette Notification for Name Change In LIC Policy in India: The name change affidavit and newspaper ad copy should be taken to your local gazette publication office, they will verify the documents, and after verification, the gazette notification will be published for Name Change In LIC Policy in India.
How to Apply for Name Change in LIC Policy Online in India
LIC policy name change online process in India offers a convenient online platform for policyholders to easily apply for name changes in India. Here’s a step-by-step guide on how to apply for a name change in your LIC policy:
Step 1: Logging In to LIC Portal for LIC policy document correction in India.
First, visit the official LIC website and log in using your credentials. If you don’t have an account yet, you can create one quickly.
Step 2: Selecting Policy Services
Once you’re logged in, navigate to the “Policy Services” section and choose the “Name Change” option from the list of available services.
Step 3: Filling out LIC name change form in India for LIC policy document correction in India
Next, fill out the application form with accurate details. Make sure to provide the reason for the name change and enter all the necessary policy information.
Step 4: Uploading Documents
After filling out the form, you’ll need to upload scanned copies of the required documents. These include your gazette notification, identity proof, address proof, policy document, and affidavit. Make sure to have these documents ready in advance.
Step 5: Making Payment
Finally, proceed to make the necessary payment to complete the process. This payment is required for processing your name change request.
LIC policy name change online process in India is described above. Following these steps, you’ll be able to apply for a name change in your LIC policy online easily and efficiently.
Process To Change Name In LIC Policy Offline in India
Friend’s in India, If you want to change your name in the LIC documents, you must follow a process to do the necessary. You can make different types of changes in the LIC policy documents. Suppose you want to change the name and contact details in India.
In that case, you are required to provide a written application for the same by visiting the nearest LIC branch office because an online facility for these services is not available. Then you are required to submit all the necessary documents and proof, including ID proof, residential proof, etc, along with the application that you have written.
In India, you can also track the changes by drafting an email to the company if there is any spelling mistake in the name. You can visit the nearest branch or mail the LIC officer in charge, and if your complete name has been changed because of reasons such as divorce or marriage, then you are required to submit a request letter to the office of the life insurance company by visiting the office directly.
Here is a step-by-step procedure you need to follow in order to change your name in the LIC policy documents in India:-
Step 1: A person desiring to change or update details in the LIC policy document is required to write a request application stating the information about the name change to the branch manager of the Life insurance company in India.
Step 2: Write the updated name in the request application and also put your signature on it at the end.
Step 3: Submit the necessary documents to the LIC office where you have changed your name in India.
Step 4: Also, attest other necessary documents like ID proof which can include a photo ID, etc. residential proof, proof of age.
Step 5: After attesting all the necessary documents, the verification process will start, in which the insurer will process your application in India.
It is to be noted that a quotation fee is charged by the company. This fee is required to be paid when you are attesting and submitting the document to the LIC policy office in India.
LIC Policy Name Change Charges in India
Name changes for LIC policies usually take a few weeks to process. The fees associated with the change may vary based on the type of change and the number of policies involved.
Things to Consider After Name Change in LIC Policy In India
After successfully completing the name change process, the policyholder needs to take into account the following steps:
Update KYC Details: It is important to update the Know Your Customer (KYC) details with the new name.
Review and Update Nominee Details: Take the time to carefully review and update the nominee details, if required.
Policyholder’s Responsibilities: Please remember to continue paying premiums and fulfilling all policy obligations under the new name. It is essential to maintain these responsibilities to ensure the policy remains active and effective.
By following these steps, the policyholder can smoothly transition to the new name and ensure the policy is up to date.
LIC Policy Name Change Process Guideline in India: A Step-by-Step Guide for Name correction in LIC bond in India
If you need to change your name on an LIC policy in India, it’s important to follow a systematic process to ensure accuracy and compliance. Whether you’re fixing a typo, updating your name after marriage or divorce, or making changes due to an Aadhar update.
Before you begin: Make sure your reason for a name change is in line with LIC’s guidelines. Common reasons include marriage, divorce, or correcting spelling mistakes.
Step 1: Gather your documents
Step 2: Visit the nearest LIC Branch
Step 3: Fill out the Name Change Form
Step 4: Submit your Documents
Step 5: Policyholder Verification
Step 6: Write a Name Change Request Letter
Step 7: Notify your Policy Nominee: Inform your policy nominee about the name change and ask for their acknowledgment.
Step 8: Check the Status: Keep track of your name change request by contacting LIC’s customer care or visiting the branch.
Step 9: Update your Policy Documents: Once approved, LIC will update your policy documents with the corrected name. Verify the updated documents for accuracy.
Step 10: Pay any Applicable Charges:
Online Name Change Option: Explore the online name change process available on the LIC website or portal. Follow the website’s instructions and submit the required documents digitally.
Name Change After the Policyholder’s Demise: In unfortunate circumstances where the policyholder has passed away, the nominee or legal heir can request a name change by providing relevant documents.
Remember, accurate documentation and following LIC’s guidelines are crucial during the name change process. By following these steps diligently, you can successfully update your name on the LIC policy and ensure the smooth management of your insurance coverage.
Conclusion for Name Change in LIC Policy in India:-
You might find it necessary to change the name on your LIC policy, which is an important administrative task. Thanks to the convenience of online services and simplified procedures, it has now become much easier to accomplish. Just remember to follow the correct steps and submit the necessary documents to ensure a hassle-free name change process.
Frequently Asked Questions (FAQ) for Name Change in LIC Policy in India:-
Can I change my LIC policy to another person in India?
Yes, if you are a policyholder of LIC, you have the right to transfer the title and interests to another person.
How to update name in LIC policy in India
- Publish gazette for name update in Lic policy
- Fill correction form on LIC website
- Wait for few weeks
- Name will be updated on LIC policy in India.
Can I apply for a for Name Change in LIC Policy in India through any LIC branch?
Yes, you can visit any LIC branch to initiate the name change process. Alternatively, you can also apply for the change online through the LIC portal from India.
What happens if I don’t update the name in my LIC policy in India?
Failing to update the name in your LIC policy might lead to issues during claims settlement or other administrative processes. It is essential to keep all details updated.
LIC policy Name Change due to Marriage or Divorce in India
When it comes to LIC policies, changes in name due to marriage or divorce are quite common in India. These changes occur when policyholders experience significant life events. For instance, in the case of marriage, if a female policyholder decides to change her surname, it’s important to update her name on the LIC policy to reflect the new name after marriage. Similarly, after a divorce, a policyholder might choose to revert to her maiden name or adopt a different surname.
To initiate the name change process, the policyholder needs to submit a Name Change Affidavit along with supporting documents such as a marriage certificate or divorce decree in India. These documents serve as proof of the name change and help update the policyholder’s details in the LIC records. Once the required documents are submitted and verified, LIC will process the request promptly and update the policyholder’s name accordingly. This ensures that the policyholder’s records remain accurate and up-to-date in India.
If you have recently undergone a name change due to marriage or divorce, please follow these steps to update your name on the LIC policy.
Can I change the name of a deceased policyholder in the policy in India?
No, the name change can only be requested by the living policyholder or their legal guardian in the case of minor policyholders in India. Once a policyholder is deceased, the name change request is not applicable.
How long does it take for the name change process to be completed in India?
In India, the processing time for the name change in LIC policy can vary depending on factors such as the volume of requests and the completeness of documentation. Generally, it takes a few weeks to complete the process, but it’s essential to follow up with LIC if there are any delays.
LIC policy name change after Aadhaar update in India
You should publish a gazette for this and change name in LIC Policy in India.
How to know LIC policy name change status in India
Visit Lic portal and put your application number and check the status.
LIC policy customer care for name change in India
Yourdoorstep is the best agency in India for name change in Lic Policy.
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