Can a policy be altered?
No alteration is permissible in the policy document – the evidence of contract, unless both the parties to the contract agree. After the policy is issued, a policyholder in a number of cases finds the terms not suitable to him and desires to change them to suit his convenience. Keeping in view the basic principles of insurance and administrative convenience, insurers permit some alterations. As a rule, insurers will not permit alterations resulting in lower rates of premia.
