Lic Of India Reassignment Form 3857 Jun 2026

: It formally records the change of "beneficial owner," ensuring the new (or restored) owner holds all legal rights to maturity amounts or death claims. Key Requirements for Filing To ensure the form is accepted by the LIC Branch Office , follow these specific requirements: Policy Bond original policy document

: The physical policy document must be sent to the LIC divisional office for registration of the new assignment. lic of india reassignment form 3857

The bank or individual transfers those rights back to you once the purpose of the initial assignment is fulfilled (e.g., the loan is fully repaid). When Do You Need Form 3857? : It formally records the change of "beneficial

The LIC of India Reassignment Form 3857 offers several benefits to policyholders, including: When Do You Need Form 3857

: Both the assignor (current owner) and the assignee (new owner) must sign the form. These signatures must be witnessed

The Life Insurance Corporation of India (LIC) provides a facility to its policyholders to reassign or transfer their insurance policies to another person. This can be done through the LIC Reassignment Form 3857. In this article, we will provide a detailed overview of the form, its purpose, and the process of filling it out.