Problem Resolution Guide
Can a Nominee Be Changed After Purchasing an Insurance Policy?
Yes. A policyholder has the right to change, update, or add nominees at any time during the policy tenure as per the insurer's prescribed procedure without paying extra fees.
Content Supervised by Pushkal (Principal Officer)
RakshaPoint Insurance Marketing LLP | Last Reviewed: 19 August
2026 | Source: IRDAI Master Circulars
1. When Should You Update Your Nominee?
- Marriage: Adding spouse as the primary beneficial nominee.
- Birth of Children: Adding minor children with a designated adult Appointee.
- Death of Previous Nominee: Appointing a new nominee promptly.
- Family Milestone: Updating nominations to reflect current dependants.
2. Step-by-Step Procedure to Change Nominee
- Download the Change of Nomination Form from the insurer's portal or request it through your RakshaPoint ISP specialist.
- Fill in the new nominee's details: Full Name, Relationship, Date of Birth, Address, and Identification details.
- If the new nominee is a minor (<18 years), designate an Appointee (an adult family member) who can receive claim funds on behalf of the minor.
- Submit the form along with the Policy Document to the insurance company.
- The insurer records the change and issues an official Written Endorsement on your policy document.
Recommended Action Checklist
- Verify current nominee names printed on your physical or electronic policy document.
- Ensure immediate family members (spouse/children/parents) are appointed to provide direct beneficial protection.
- Always obtain the written endorsement confirmation from the insurance company.
Frequently Asked Questions
Yes. A policyholder has the right to change, update, or add nominees at any time during the policy tenure as per the insurer's prescribed procedure without paying extra fees.
Follow the 3-step action checklist above, calculate your protection gap using
our free planning tools, or reach out to our authorized Insurance Sales Persons
(ISPs) at RakshaPoint IMF for objective guidance.
Statutory Note: Insurance nomination, claims, and policy benefits are governed
by applicable laws, regulations and the specific terms of the insurance policy.
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