How To Change Nominee In Lic Online

Buying an LIC life insurance policy is a key step to securing your family’s financial future, and the nominee plays a central role in ensuring that protection. But life changes, relationships evolve, new members join the family, or priorities shift which makes it necessary to update your nominee. 

Many policyholders search for a quick solution like “How to change nominee in LIC Online,” expecting a fully digital process. While LIC offers convenient online services for payments and policy tracking, changing the nominee requires a combination of online preparation and a formal submission at the branch. This guide will simplify the process and help you update your nominee efficiently.

For personalized guidance and to make sure your insurance decisions are always on track, book a free call with our experts today.

What Is The Process of Changing Nominee Name in LIC Online?

The LIC's e-Services portal lets you register your policy, pay your premiums, check your claim status, and even view your current nominee details once you are registered. However, when it comes to the legal act of changing or making a fresh nomination, LIC requires a mandatory physical submission. This is because the change has to be officially endorsed (written) on your original policy contract. This is a legal requirement that cannot be completed digitally.

Even though you can’t change your LIC nominee online, you should still register on the official LIC customer portal to manage all your other policy-related activities. For now, the LIC online portal is mainly for viewing your policy and making payments.

How to Change Nominee in LIC Policy Offline?

Here’s a simple, step-by-step guide to completing the process offline.

Step 1: Get the Form

You need to notify LIC of India by using the prescribed Form 3750 (Nomination Change Form). You can get this form directly from your nearest LIC branch office or sometimes download it from the official LIC website's forms section.

Note: You can check the official LIC nomination forms here: [https://ebiz.licindia.in/D2CPM/?&_ga=2.186146670.635092916.1759729209-2136153473.1757317120#MarketingPosters/forms]

Step 2: Fill it Out

Carefully fill in the form with all the details of the new nominee, including their full name, date of birth, address, and your relationship with them. Make sure the details match their official ID documents (like a Passport or Aadhaar) to avoid future complications.

Step 3: Collect Documents

Gather all the required supporting documents. This usually includes the original policy bond and relationship proof (we have listed these in detail in the next section).

Step 4: Visit Your Servicing Branch

You must submit the signed Form 3750 and the documents to the LIC branch that services your policy (where you bought the policy from). They will not accept it at just any LIC branch.

Step 5: Get Endorsement and Acknowledgement

The LIC branch will officially endorse the change onto the back of your original policy contract. You should also receive a written acknowledgment from the insurer once your application is filed. This confirmation proves you have successfully completed the process.

If you’re looking for proof of your recent premium payment, you can easily download your LIC Premium Payment Receipt online through the LIC customer portal.

Legal and Procedural Guidelines for Changing Your LIC Nominee

Changing your LIC nominee involves certain legal requirements and procedural steps to ensure the update is recognized and valid. Here’s what you need to know:

1. Legal Authority (Section 39, Insurance Act, 1938)You can nominate or change your nominee anytime before the policy matures. To make it legally valid, LIC must register the change after receiving your written notice. Without this notice, LIC may legally pay the previous nominee in good faith.

2. Ways to Change Your Nominee

• Endorsement on the Policy Bond: Fill in the back of your original policy bond. If your signature isn’t in English, sign in front of an English-speaking witness. Illiterate policyholders can have their thumb impression attested by a Magistrate, Gazetted Officer, or authorized LIC official.
• Through a Will: You can also make or update a nomination in a registered Will, but LIC must receive notice of it before paying any claim.

3. Registering the Change with LICAfter making the endorsement or Will, send a written notice along with the policy bond or Will copy to your servicing LIC branch. LIC will update its records and may return the endorsed policy. Skipping this step means the previous nomination remains valid.

What are the Reasons to Change Nominee in LIC Policy?

Here are the most common reasons a policyholder opts for a nominee change:

• Marriage or Divorce: You've gotten married and want to add your spouse, or you've separated and need to remove an ex-spouse from the nomination.
• Birth of a Child: You want to add your children as nominees.
• Demise of the Existing Nominee: This is an unavoidable reason. If your current nominee passes away before you do, the existing nomination becomes null and void, and you must add a new one.
• Change of Trust: You may have simply met someone special you trust more, or you feel the current nominee is no longer the right person to handle the funds.
• Correction of Errors: Sometimes, the original nominee's name, relationship details, or date of birth was entered incorrectly and needs to be fixed.

Documents Required to Change Nominee in LIC Policy

Regardless of whether you're asking how to change nominee in LIC online or offline, documentation is key. You will need to submit the following documents to the servicing branch:

• Form 3750 (the official Nomination Change Form, correctly filled out).
• Original LIC Policy Contract/Bond.
• Photocopy of New Nominee's ID Proof (e.g., Aadhaar, PAN, Passport, Driving License).
• Self-Attested ID Proof of PAN card or Aadhaar card.
• Duly Signed Endorsement or Will Copy.
• Appointee Details (required if your new nominee is a minor; include the appointee’s full name, age, address, and relationship to the minor).
• Acknowledgment Receipt from branch (keep it safely as proof of submission).
• Printed “Change of Nomination” Form (optional; you can request this form from the LIC branch to make the process smoother).

Confused about policy guidelines? You can always refer to the official LIC Policy Guidelines and Helpline for official details.

Things to Consider While Changing Nominee in LIC

Before you start asking your agent or searching how to change nominee in LIC online, keep these important standard policy and nominee rules in mind.

• Complete and Accurate Details: Always ensure the new nominee's name, age, and address match their official documents perfectly. Small discrepancies can lead to major issues during the claim settlement process.
• Minor Nominees Need an Appointee: If your chosen nominee is a minor (under 18), you must name an Appointee (an adult who will receive and hold the claim money on behalf of the minor until the latter turns 18). 
• Multiple Nominees and Share Distribution: You have the option to appoint multiple nominees (e.g., your spouse and two children). If you include multiple nominees, you should clearly specify the percentage share of the claim amount each nominee is to receive (e.g., Spouse 50%, Son 25%, Daughter 25%). If shares are not specified, the proceeds may be distributed equally or as per LIC rules and applicable laws..
• Charges: For changing or cancelling a nomination, IRDAI has set the maximum fee at ₹50 (including all taxes) for electronic policies and ₹100 (including all taxes) for physical policies. 
• Assignment Effects: When you assign your LIC policy, you’re basically transferring its rights to someone else, usually a bank or lender as loan security. Doing this automatically cancels your nomination. But there’s an exception: if the assignment is only for a loan, your nominee’s rights stay intact, just limited to what the lender is owed. Once you repay the loan and the policy is reassigned to you, your earlier nomination automatically comes back into effect.

If you want to find out how much life cover you really need, use the LIC Term Plan Calculator. It helps you estimate the ideal coverage based on your income, expenses, and financial goals. 

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Conclusion

Updating your insurance nominee is important to ensure that the life insurance benefits reach your intended loved ones smoothly, avoiding any legal complications or delays. Even though the facility to process an entire change of nominee online is not yet available, the offline method is straightforward. Keep in mind the essentials: Form 3750, your LIC branch, and your original policy bond, and a copy of your Will (if updating the nomination through a Will). Following the proper steps ensures your nominee change is smooth and your loved ones are protected.

For personalized guidance and to make sure your insurance decisions are always on track, book a free call with our experts today.

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