Absolutely, SBI gives the facility to change nomination under SBI term Insurance policy. All you have to do is submit the 'Change in Nomination Form' to nearest SBI life insurance branch. You can also send the nomination form to the following address "The Manager (Underwriting), SBI Life Insurance Co. Ltd., 2nd Floor, Kapas Bhavan, Plot No.3, Sector No. 10, CBD Belapur, Navi Mumbai - 400 614".