Unless you automatically qualify for upgrades, license updates must be set up in advance with your distributor.
If you have just one key plugged into (Hardware Key) or downloaded (Software Key) to your computer, this is what you see:
If you have several protection keys plugged into (Hardware Keys) or downloaded (Software Keys) to your computer, or if you click the Detailed view arrow from the single-key view shown above, then License Manager lists each protection key with its status (“need update”), plus the current licenses on each.
The Licenses After Update field shows you which licenses will be on the key after the update:
Click Update Licenses. You are notified once the update is complete: