Lic Of India Reassignment Form 3857 !!top!! -

It legally restores all rights, titles, and benefits of the policy to the assured person (the original policyholder). Estate Planning:

(The physical document is mandatory, as LIC will endorse the reassignment text on the back of this bond).

: Reassigning a policy that was previously gifted or transferred within a family. lic of india reassignment form 3857

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

The reassignment must be witnessed by an eligible individual (usually an LIC official, a bank officer, or a notary public). Step-by-Step Process to Reassign an LIC Policy It legally restores all rights, titles, and benefits

: If the reassignment is for a specific sum (e.g., a repaid loan), that amount must be clearly mentioned.

What happens if the original policy bond is lost while assigned to a bank? The signatures of the assignee must be witnessed

Reassigning a policy using Form 3857 involves coordination between the borrower, the lender, and LIC. Here is the typical workflow:

Both the assignor (the current holder, like a bank) and the assignee (the person receiving the rights back) must sign. These signatures must be witnessed by a competent person who is not a party to the contract. Supporting Documents:

of the form to copy onto your document, or do you need help locating a specific LIC branch for submission?