Change of name in investments after marriage

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2013 I would like to know whether is it necessary to update my name change in my earlier investments(before marriage) I already have an updated Pan card with my change in surname.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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14 October 2013 you can change the existing nominations by cancelling the original ones and making new ones in F/O your wife,in this regard u does not require the consent of the earlier nominees for cancellation.

The first thing to be done is updating documents-getting the marriage certificate, applying for change of name in PAN card, u have already update now update voter ID card, bank accounts, and changing the nominee in investments and insurance policies.

Marriage brings responsibilities.So, the insurance cover should be increased. A pre-requisite is to buy a pure-protection life plan. Also, change the individual medical cover into a family floater policy with higher sum insured.