Lic Of India Reassignment Form 3857 Guide

Ensure there are no typos in the policy number or names on Form 3857. They must match the original policy bond exactly.

Are you planning to file for a immediately after this reassignment?

The LIC Reassignment Form 3857 is a document that allows policyholders to transfer their insurance policy to another person, known as the assignee. This form is used when the policyholder wants to gift or transfer their policy to someone else, usually a family member or a close relative. lic of india reassignment form 3857

The reassignment endorsement is legally binding only when marked on or attached to the original bond.

The signatures of the assignee must be witnessed by an authorized individual, such as a gazetted officer, LIC agent, or bank official. Ensure there are no typos in the policy

4. What happens if the original policy bond is lost while assigned to a bank?

: It legally restores all rights, benefits, and titles of the policy to the original assured individual. Loan Repayment Tool : Frequently used when a policy was assigned to a bank or The LIC Reassignment Form 3857 is a document

No Dues Certificate (NDC) or Clearance Letter from the bank/assignee. Copy of the original Assignment Letter.

is the official document used by institutional assignees (like banks, cooperative societies, or housing finance corporations) to reassign a conditionally assigned life insurance policy back to the insured person.