How to Change the Address in an LIC Policy?
Life Insurance Corporation of India is a state-owned life insurance company headquartered in Mumbai. It is the biggest life insurance company, with an asset value of Rs. 1,560,482 crore (US$230 billion). The Life Insurance Corporation of India was founded in 1956.
At that time, the Parliament of India passed the Life Insurance of India Act, which nationalized the private insurance industry in India. Around 245 insurance companies and provident societies were merged to create the state-owned Life Insurance Corporation. LIC offers a wide range of effective life insurance products, and people are investing in them on a large scale. Sometimes, handling LIC policies and associated tasks can seem complicated for a common person, as many things are involved. One such issue is changing the address in LIC policies.
A common question people ask is, "How do I change the address in my LIC policy?" Many of you might own LIC policies. While purchasing the policy, you might have provided an address that has now changed. To ensure proper and smooth communication between you and your LIC branch, it is always advisable to update your contact details on time. This includes your address, phone number, and email associated with your policies. When updating new details, you should make sure you are not missing any important information. Moreover, if you do not want to miss any important updates from LIC, it is advisable to update your data promptly.
Important: LIC Customer Care Number
In this article, you will learn the process of how to change the address in LIC policies.
Changing the Address in LIC Policies
If you search on Google with the keyword 'change the address in LIC policies', you will find various websites that claim to assist you in changing it online. However, the fact is different: as of now, the only process through which the address can be changed is the offline mode.
Online Process for Changing Address in LIC Policies
As discussed above, many websites claim to assist you in changing the address online, only if you log in. However, this is completely false. Refer to the notice below:
"The address added and displayed here are for information purposes. This address is not used for communication purposes. Please contact your servicing branch in case you want to change or update your address in policy records."
Hence, there is no way of changing the address online using LIC’s online facility. The only option you have is to use the offline mode.
Offline Process for Changing Address in LIC Policies
The entire process of changing the address in LIC policies using the offline method can be a tedious task for many, as it requires you to visit the branch. The steps are as follows:
- Visit your closest or servicing branch.
- Write a letter to the LIC of India. This letter should include your policy number(s) for which you want to change the address, and you must also mention the reason for the change.
- Submit the letter along with valid address proof and a photocopy of the policy.
- Firstly, they will verify the address proof and accept your letter.
- Wait for the updates. If they complete the address update process promptly, ensure that it will also be amended in your policy document. This will clear all doubts.
- If it is not an instant procedure, you will have to wait until they inform you.
- Once they have updated the address, you should cross-check it by logging into your LIC portal and checking under your profile.
Conclusion
Beware of all frauds who claim to get it done online, as for now, there is no process for changing the address online. Visit your nearest branch and services to get it done and to know about all procedures related to updating.
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