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Form DA3. Variation of Nomination under Section 45ZA of the Banking Regulation Act, 1949 and Rule 2(6) of the Banking Companies. (Nomination) Rules, 1985 in respect of Bank Deposits.
You can change the nominee any number of times. In order to change your beneficiary, you will have to provide a notice to the Life Insurance Corporation (LIC) of India in a form called Form 3750. You will have to mention the details of the person you wish to endorse as the nominee of your insurance policy.
You can easily change your nominee online-or go to your investment branch physically and submit the documents necessary for the changes.
Please keep in mind that changing your nomination must be done at the branch that services your insurance policy. To change the nominee in your policy, you must submit an application in the prescribed format to your servicing branch. When the policy is issued, the nomination will be included.
Kindly note that the change of nomination has to be done in the branch that services your policy. The nominee is the person to whom the insurance claim amounts would be payable, in case anything unfortunate within the purview of the policy conditions happens to you.
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As per the prevailing Banking Companies (Nomination) Rules, there can be only one nominee per account. However, the nomination can be changed subsequently anytime by the account holder/s by making a declaration to that effect, in the appropriate form.
The cancellation of nomination can be made by individuals only holding beneficiary owner accounts on their own behalf singly or jointly by the same persons who made the original nomination.
You can even pay your premiums online. However, the option to change the nominee in LIC policy online is not yet available. It is advisable to make changes to your nominee declarations or changes in person in front of the agent. So, we would advise visiting your nearest branch for the same.
Please keep in mind that changing your nomination must be done at the branch that services your insurance policy. To change the nominee in your policy, you must submit an application in the prescribed format to your servicing branch. When the policy is issued, the nomination will be included.
Kindly note that the change of nomination has to be done in the branch that services your policy. The nominee is the person to whom the insurance claim amounts would be payable, in case anything unfortunate within the purview of the policy conditions happens to you.

form 3750 lic