Change data type from number(11,6) to number (11,8)

I have a table, which has a million records...I have to change data type of some of the columns from number (11,6) to number (11,8).
I thought of taking the backup of the table , truncating the original table, change the data type and then insert data back.
Is it a safe option considering so many records ?

the first number is precision and the second is scale:
http://download.oracle.com/docs/cd/B19306_01/server.102/b14196/schema002.htm#sthref472
so yes, 11,6 can hold larger numbers than 11,8
create table foobar (two number(5,2),
                     three number(5,3))
insert into foobar values (123.45,12.345); 
--works fine
insert into foobar values (123.45,123.45);
--gives error ORA-01438: value larger than specified precision allowed for this column

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