Lic Of India Reassignment Form 3857 ((new)) «Firefox Premium»

Once submitted to the correct servicing branch, LIC typically updates its records and returns your endorsed policy bond within 7 to 15 working days.

Form 3857 is the official document issued by the Life Insurance Corporation (LIC) of India to execute a reassignment. When you assign a policy to a bank or LIC as collateral, they become the owners of the policy benefits. Once your debt is cleared, the assignee uses Form 3857 to officially return those ownership rights back to you. When Do You Need Form 3857? lic of india reassignment form 3857

The LIC Reassignment Form No. 3857 is a powerful legal instrument for transferring the ownership of a life insurance policy. While it is a straightforward process, it is crucial to approach it with care, ensuring the form is filled out completely and accurately and all required documents are attached. Once submitted to the correct servicing branch, LIC