What Is Life Insurance Endorsement? – Complete Guide
A life insurance endorsement is an official written amendment or change made to an existing life insurance policy. It modifies policy details without issuing a new policy and becomes a legally binding part of the original insurance contract once approved by the insurer.
Endorsements are commonly used to correct errors, update personal details, or make policy-related changes during the policy term.
Why Life Insurance Endorsement Is Required
Life insurance endorsements are required when there is a change in policyholder information or policy terms, such as:
- Name correction (due to spelling error or legal change)
- Change in nominee or appointee
- Change in address or contact details
- Correction in date of birth
- Change in sum assured or premium (as per policy rules)
- Addition or removal of riders
These changes ensure that the policy remains accurate and valid at the time of claim.
Number of Life Insurance Companies Offering Endorsements in India
All IRDAI-registered life insurance companies in India provide endorsement facilities.
Total Life Insurance Companies: 24+
Public Sector
- Life Insurance Corporation of India (LIC)
Private Life Insurers
- HDFC Life
- ICICI Prudential Life
- SBI Life
- Max Life
- Tata AIA Life
- Bajaj Allianz Life
- PNB MetLife
- Aditya Birla Sun Life
Each insurer has its own endorsement process, documentation requirements, and turnaround time.
Tax Impact and Benefits of Life Insurance Endorsement
Life insurance endorsements do not affect tax benefits as long as the core policy conditions remain unchanged.
Tax Benefits Under Section 80C
- Premiums paid remain eligible for deduction up to ₹1.5 lakh per year
- Applicable for self, spouse, and children
Tax Exemption Under Section 10(10D)
- Death benefit remains fully tax-free
- Maturity benefits remain tax-exempt (subject to policy conditions)
⚠️ If an endorsement results in a major policy alteration (such as significant increase in sum assured or change in plan type), tax treatment may vary.
How to Apply for Life Insurance Endorsement
- Submit endorsement request form
- Provide supporting documents (ID proof, address proof, etc.)
- Pay endorsement charges (if applicable)
- Insurer verifies details
- Endorsement is issued and attached to the policy
Many insurers now allow endorsements through online portals or mobile apps.
Why Timely Endorsement Is Important
- Avoids claim rejection
- Ensures correct nominee details
- Keeps policy legally valid
- Prevents future disputes
- Maintains uninterrupted tax benefits
Conclusion
A life insurance endorsement is a simple yet crucial process that ensures your policy details stay accurate throughout the policy term. Since all major life insurance companies in India offer endorsement services, policyholders should promptly update any changes to avoid complications during claims.
At Saving Mantra, we assist policyholders with life insurance endorsements, documentation, and compliance—making the process smooth and hassle-free.
Disclaimer
This blog is for informational purposes only and does not constitute legal, financial, or tax advice. Endorsement rules, charges, and tax implications may vary across insurers and are subject to IRDAI regulations and income tax laws. Please consult your insurance provider or a qualified advisor before making policy changes.