I had bought a life insurance policy 10 years ago. Now I want to change the names of the beneficiaries. Can I change it?
Lalita Kumar, Chandigarh
Nominees in a life insurance policy can be changed anytime while the policy is in force. Insurers ask to fill a nominee change request form. They may require proof of the relationship with the new nominees. Typically, this process has to be done offline via hard copy forms available at the branches of insurers.
