How To Change Nominee In LIC

Buying an LIC life insurance policy helps secure your family’s financial future, and the nominee is the person designated to receive the policy benefits in case of the policyholder’s demise. As life changes, such as marriage, the birth of a child, or shifting financial responsibilities, you may need to update this nomination to reflect your current circumstances.

Many private insurers now allow nominee updates digitally through OTP-based authentication. However, legacy insurers like LIC continue to follow a physical validation process because nomination changes must be formally recorded as part of the policy contract for legal recognition.

This article breaks down how to change a nominee in LIC, including the process, required documents, when to update it, and key things to keep in mind.

How To Change Nominee in LIC: Online and Offline Process

Policyholders often assume that updating nominee details works the same way as other online service requests. This is why many try to figure out how to change the nominee in the LIC policy online, but in reality, any request to change the nominee in the LIC policy still requires a formal submission at the servicing branch.

What You Can Do Online?

LIC’s e-Services portal helps you manage and view policy-related information. You can:

• View your existing nominee details
• Track policy information
• Pay premiums
• Download statements and receipts

Step-by-Step Offline Process

Step 1: Obtain Form 3750

This is the official form used to initiate a request to change the nominee in LIC. It is available at LIC branches or through official resources.

Step 2: Fill in the New Nominee Details

Provide accurate information such as the nominee’s name, relationship, date of birth, and address.

Step 3: Attach Supporting Documents

Submit the required documents, including identity proof and the original policy bond.

Step 4: Visit the Servicing LIC Branch

You must submit the form and documents to the branch that services your policy.

Step 5: Policy Endorsement

LIC records the change by endorsing it on your policy contract and updating its records. The nomination becomes valid only after this step.

Documents Required to Change Nominee in LIC Policy

You will need to submit the following documents at the servicing branch:

• Form 3750 (official Nomination Change Form), duly filled and signed
• Original LIC policy document or bond
• Copy of the new nominee’s identity proof (Aadhaar, PAN, Passport, driving license, etc.)
• Self-attested identity proof of the policyholder (PAN or Aadhaar)
• Signed endorsement request or copy of the Will, if the change is being made through a Will
• Appointee details if the nominee is a minor, including the appointee’s name, age, address, and relationship to the minor
• Acknowledgment receipt from the LIC branch as proof of submission
• Printed “Change of Nomination” form, if requested by the branch to support processing (optional)

When To Change Nominee in LIC Policy

• Marriage or Divorce: After marriage, you may want to add your spouse as a nominee. In case of divorce or separation, you may need to remove or replace the existing nominee.
• Birth of a Child: Many policyholders choose to include their children as nominees to ensure future financial protection.
• Death of the Existing Nominee: If your current nominee passes away, the nomination becomes ineffective and must be updated.
• Change in Personal Relationships or Dependents: You may wish to nominate someone else who is now financially dependent on you or whom you trust to manage the claim proceeds.
• Correction of Details: Errors in the nominee’s name, relationship, or date of birth should be rectified to avoid complications during claim settlement.

Things to Keep in Mind Before Changing Nominee in LIC

01

Ensure Accurate Details

The nominee’s name, age, and address should match their official documents. Even minor errors can create complications during claim settlement.

02

Appointee Required for Minor Nominees

If the nominee is under 18 years of age, you must appoint an adult to receive and manage the claim amount on the minor’s behalf until the minor becomes legally eligible.

03

Multiple Nominees Are Allowed

You can nominate more than one person, such as your spouse and children. In such cases, clearly specify the percentage share each nominee should receive to avoid ambiguity.

04

Applicable Charges

For changing or cancelling a nomination, IRDAI charges a nominal fee, capped at ₹50 for electronic policies and ₹100 for physical policies (inclusive of taxes).

05

Impact of Policy Assignment

If the policy is assigned to a lender as loan security, the nomination may get cancelled. However, when the assignment is only for a loan, the nominee’s rights remain limited to the balance after the lender’s dues are cleared. Once the loan is repaid and the policy is reassigned to you, the earlier nomination is restored.

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How to Change Nominee in LIC: Ditto’s Take

Updating your insurance nominee is essential to ensure that the policy benefits reach the right person without delays or legal complications. While LIC has digitized many of its services, nominee changes still require offline validation to ensure legal certainty.

The process is simple if you prepare the required documents and understand the steps. Submit Form 3750 along with your original policy document to your servicing LIC branch. If the change is being made through a will, attach a copy of the will as well. A quick branch visit today can help prevent serious complications for your family later.

Note: LIC is not a partner insurer of Ditto. The information provided here is sourced from publicly available regulatory and insurer guidelines. We recommend confirming the details with your LIC agent or servicing branch.