Lic Of India Reassignment Form 3857 ((link))

Carefully type or write the policy number, premium amount, and full names as they appear on the original policy bond. Any mismatch will result in administrative delays. Step 3: Visit the Assignee (Lender)

Do you need assistance locating a of this specific form? Share public link

The signatures of the assignee must be witnessed by an authorized individual, such as a gazetted officer, LIC agent, or bank official.

The original policyholder should not sign the execution block of Form 3857. The form is strictly a release instrument signed by the lender/assignee . lic of india reassignment form 3857

: Transferring rights within a family or as part of inheritance planning. Asset Liquidation

(signed by the assignee and witnessed).

You assigned the policy to a private financier or individual, and the debt has been fully settled. Carefully type or write the policy number, premium

After you have completed the form and gathered the necessary documents, submit the entire package to (the "servicing branch").

Life insurance policies are valuable financial assets. Policyholders often need to transfer the ownership rights of their policies for reasons like securing a loan, gifting an asset, or executing a legal settlement. In the Life Insurance Corporation of India (LIC), this process of transferring rights is called assignment and reassignment. When an assigned policy needs to be transferred back to the original owner, is used .

One wrong digit can link the reassignment to a different policy. Double-check. Share public link The signatures of the assignee

Share it with anyone who has taken a loan against their LIC policy. Stay informed, stay financially secure.

Use this opportunity to update your NEFT details with LIC so that future survival benefits or maturity claims are credited directly to your bank account.

LIC Form No. 3857 is the official Form of Reassignment for Valuable Consideration

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