Roopam Asthana | Answer |Ask -Follow
Answered on Jul 06, 2021
What is the procedure to delete the name of my father from the said policy due to his death and convert the entire sum of Rs. 3,00,000/- in the name of my mother since I already paid the premium for 2021-21?
Will the policy to be treated as new? If new, what would happen for the cumulative bonus for the existing policy? Will the CB be lost?
You may also choose to call your insurer to check if they have a specific format for making the change. This will help you avoid multiple visits to the insurance company’s office. Increase in sum insured for your mother to a larger amount is at the discretion of the insurance company and you may request for the same.
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