Lic Of India Reassignment Form 3857 [RECOMMENDED]

You transfer your policy rights to another party (e.g., a bank for a housing loan or a family member as a gift).

You assigned your LIC policy to a bank or housing finance company to secure a home or personal loan. Now that the loan is cleared, the bank must reassign the policy to you. lic of india reassignment form 3857

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 You transfer your policy rights to another party (e