It is easy and simple to maintain a life insurance plan. Here are the tips that can be helpful:

1. Renewal Before Due Date- A policyholder must pay his/her policy premium and renew his/her plan regularly to eliminate any risk of a policy lapse. While sending renewal reminders is a courtesy of the insurance company, there is no legal obligation.

Note- In case a policy has lapsed, get in touch with the insurance provider to renew it.

1. Check Plan Details- A policyholder must check the plan details and his/her basic information. In case there is an error that needs to be rectified, he/she can get in touch with the insurance provider for the same.
2. Nominee Details- In case a policyholder needs to change his/her nominee details, he/she can be do it after the issuance of the policy.

Here is how to get the policy details changed:

Duly fill a form for changing the nominee and submit it.

In case of a minor nominee, an appointee is appointed to receive the claim amount.

4. Safety of Policy Document- In case a policyholder loses his/her policy here is what to do:

a.) Report it- The policyholder must report it to the insurance provider as soon as possible.

b.) Duplicate Policy- After the completion of formalities, a duplicate policy will be issued to the policyholder.