Lic Of India Reassignment Form 3857 ((better)) -

Includes the , sum assured, and the date the policy was granted. Signatures

In simpler terms, after you have assigned an LIC policy (e.g., to secure a loan), you will need to use Form 3857 when you want to cancel that transfer and have the policy ownership restored in your name.

The next morning, Arjun walked into the bustling LIC branch office. The smell of old paper and tea was familiar. He handed the completed Form 3857, the original policy bond, and the notice of assignment to the officer behind the counter. lic of india reassignment form 3857

These are the standard forms for reassigning policy ownership rights.

The physical bond paper is mandatory.

A development authority or government body releases the policy held against a property booking. Key Components of LIC Form 3857

: Reassigning the policy to the owner once a mortgage or personal loan is cleared. Includes the , sum assured, and the date

The is the official document used to reassign a life insurance policy back to the original policyholder (the "assured") after it was previously assigned to another party, such as a bank for a loan . 📝 Key Review Points

Download a clean copy of LIC Form 3857 from the official LIC website or procure it from your nearest LIC branch. Fill in the policy details accurately. Step 3: Get the Assignee’s Signature The smell of old paper and tea was familiar

The form requires a few key pieces of information to be valid. Follow these steps carefully:

A statement confirming that the loan or obligation has been fully discharged, leaving no further liabilities.