If the admins want to change attendance policy name, they need to do it in 'Setting'.
Here is the tutorial video for you.
1). Go to 'Setting' and click on 'Policies'.
2). Click the policy name you want to change and click on 'Attendance'.
3). Scroll down and click on 'Edit icon' beside the attendance policy name you want to change.
4). Type the attendance name in 'Setting Title and Setting Description'.
5). Click on 'Confirm'.
6). Click on 'Update policy' and 'Confirm'.