Regulations Governing Enrollment in Postal Simple Life Insurance Policies Article 13

Within the effective period of insurance, the proposer 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 proposer 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.