Within the effective period of insurance, the applicant may make changes to the insurance contract. The period of insurance and the period of payment may not be longer than what’s specified in the original contract. In the case of applying to change the amount insured, the amount may not be higher than the original contract or lower than the amount required. For contracts whose premiums have been paid over a year, the applicant may change it into paid-up insurance with a reduced lump sum payment.
When applying for any of the aforementioned, a contract change form shall be filled out and given to the insurance handling branch along with the policy.

In the event that the applicant is applying to change the beneficiary or the applicant has died and his/her heir is taking over the insurance contract, a contract change form shall be filled out with a signature and seal of the insured before being given to the insurance handling branch along with the policy.

When applying for reinstatement of a insurance contract in accordance with the provisions under Article 14 of this Act, the applicant shall fill out a contract reinstatement form and give it to the insurance handling branch along with the policy as well as the unpaid premiums and interest accrued.
When applying for reinstatement as mentioned in the preceding paragraph, Article 6 hereof shall apply.