How to Update Nominee Details for Your Bajaj Finserv Insurance Policy

Your nominee details must always be current. Follow these steps to update or change your insurance nominee on the Bajaj Finserv portal — done in under 10 minutes.
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5 min read
21-May-2026

Bajaj Finance offers an array of insurance plans across various categories in partnership with leading insurance providers. Having an insurance policy provides you with the financial cover against unforeseen circumstances. Managing your insurance policy is important so that you don’t miss out on any benefits.

If you’ve opted for an insurance plan from us, you can manage it easily by using online Bajaj Finance services. You can check policy details, renew your policy, raise a claim request and more by using our digital customer services.

You can access to these features by logging into our customer portal

One of the most important details that you need to manage is your nominee details. It’s important that your nominee details are updated so that you and your family continue to receive the benefits.
 

Steps to update your nominee details

You can add or update your nominee details for your insurance policy easily by following these simple steps.

  • Click on the ‘Sign-in’ button on this page to visit the – Bajaj Finance customer portal.
  • Enter your registered mobile number and the OTP to sign-in.
  • Verify your details by entering your date of birth and proceed.
  • Select your insurance policy from ‘Your relations’.
  • Click on the ‘Update Policy Details’ option from the ‘Quick Actions’ section.
  • Select ‘change policy details’ as your ‘Query type’ and relevant ‘Sub-query type’.
  • Enter additional details, upload supporting documents if needed and submit your request.
     

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Once you submit your service request, our representative will call you within 48 business hours to guide you on further steps.

You can also use Bajaj Finance digital services by downloading our app and update your nominee details on the go. Visit the Play Store/ App Store and get the Bajaj Finance app today.


Documents Required to Update Nominee Details

To update the nominee details for your financial accounts or investments with Bajaj Finance, you will generally need to submit the following essential documents:


Nomination Form: A duly filled and signed physical or digital nomination modification form specifying the new nominee's relationship details.

Identity Proof of the Nominee: A clear, self-attested copy of a government-issued ID, such as an Aadhaar card, Passport, or PAN card, to verify their legal name and date of birth.

Guardian Details (If Nominee is a Minor): If the new nominee is under 18 years old, you must provide the identity and address proof of an appointed adult guardian.


Submitting these records ensures a seamless and legally compliant update process.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.
For customer support, call Personal Loan IVR: 7757 000 000

Frequently asked questions

How do I change the nominee on my insurance policy?

To change the nominee on your insurance policy, you need to fill out a nomination form provided by your insurer. Submit this along with necessary documents, such as identity proof of the new nominee. The insurer will process the request and update your policy.

What documents are required for nominee change?

Typically, the documents required for changing a nominee include the completed nomination form, identity proof of the new nominee (such as Aadhaar or passport), and sometimes proof of relationship between the policyholder and nominee. Additional documentation may be required depending on the insurer’s policies.

What are the details required for a nominee?

The details required for a nominee include their full name, date of birth, address, and relationship with the policyholder. In some cases, additional details such as their contact information and identity proof (like Aadhaar or passport) are also necessary for completing the nomination process.

What are the new rules for nominees?

Under recent insurance regulations, policyholders can nominate multiple beneficiaries and assign percentages of the sum assured. The Insurance Regulatory and Development Authority of India (IRDAI) also allows policyholders to change nominees at any time, ensuring more flexibility in managing their policy benefits.

Can I add multiple nominees to my Bajaj Finserv insurance policy?

Yes, you can appoint multiple nominees to your life insurance policy. Under Section 39 of the Insurance Act, the platform allows you to name more than one individual and explicitly allocate a specific percentage or share of the total sum assured to each registered person.

What happens to insurance proceeds if the nominee is a minor?

If the nominee is under 18 years old, they cannot legally receive or manage the funds. The insurance payout is handed directly to the adult guardian or appointee you designated in the contract. This trustee holds and safeguards the capital until the minor reaches the legal age of majority. 

How long does it take to update nominee details at Bajaj Finserv?

Once you submit the digital request form along with the necessary identity proofs, the backend data desks review the records. The system validation checks typically take 24 to 48 hours to process and formally reflect the newly updated nominee matrix inside your official customer portal account.

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