See whether your name is written correctly in the policy?

                           

Name is your identity. If it is written wrongly your identity is in question. Mistake can happen (i) if your representative who filled the proposal form wrote your name wrongly (ii) the company employee while entering the data into the computer entered the name wrongly (iii) a man who wanted to go for employment to one of the gulf countries wrote his name as ‘Ibrahim’ instead of ‘Abraham’ while applying for the Passport  and copy of the passport was given as identity and address proof (iv) on marriage some ladies add their husband’s surname or name to their own (v) on marriage customarily wife’s name is changed and a new name is assigned to her in some parts of India.

Any mistake in the policy shall be got corrected immediately when the policy reaches you. This is prominently shown in the policy bond.

Wherever there is a change of name make it authentic with appropriate declaration / affidavit / Gazette notification and incorporate the same in your policy records.

Otherwise you will find it difficult to encash the cheques received from the insurance office or insurance office will find it difficult to make remittances to your bank account. Moreover in case of death, the death certificate will carry the correct name    and the insurer will not make payment of death claim to a wrong person.

Key words:

Life insurance
Policcy bond
Mistake of name
Correction in name