Lic Of India Reassignment Form 3857 [work] (Plus – 2027)
transfers the policy rights to another party (e.g., a bank or a person).
The LIC of India Reassignment Form 3857 can be submitted at any time during the policy term. However, it is recommended that policyholders submit the form well in advance of the policy maturity date or before any changes in the policy circumstances.
Your name (the original policyholder) receiving the rights back.
Yes. You can download it for free from the official LIC of India website under the "Downloads" or "Forms" section. 2. Is there a fee for policy reassignment? lic of india reassignment form 3857
If your policy was assigned to a bank or financial institution, request a or NOC along with the original policy document once your loan is closed. Step 2: Download and Fill Form 3857
: You want to regain the right to change nominees, surrender the policy, or take a loan directly from LIC.
The form often includes a section to declare the consideration amount (sum paid) for the reassignment. Policy Identification: Clearly enter the LIC policy number. transfers the policy rights to another party (e
Gather the following documents and visit the LIC home branch (where the policy is serviced): Original LIC Policy Document (which was held by the bank). Fully executed LIC Form 3857. Copy of the Bank’s No Dues Certificate. KYC documents of the policyholder (PAN Card, Aadhaar Card). Step 4: Registration of Reassignment by LIC
used by the Life Insurance Corporation of India. It is primarily used to legally transfer the ownership of a policy back to the original policyholder after it was previously assigned to another party, such as a bank for securing a loan. Core Content of Form 3857
Understanding the assignment? Lic form 3857: Fill out & sign online - DocHub Your name (the original policyholder) receiving the rights
The exact date and location where the reassignment deed is executed.
This is the core legal text of the form. The assignee explicitly states that they have received all outstanding sums due to them and are releasing the policy from any encumbrances, liens, or charges. 3. Signature of the Assignee