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

Is the reassignment being done from a , a cooperative society , or an individual ?

Self-attested copies of the policyholder's PAN card, Aadhaar card, and a recent photograph.

If the policy matures or a death claim arises while the policy is still assigned, the money will be paid directly to the bank/assignee. Therefore, ensure you complete the Form 3857 process immediately after clearing your debts. Summary Checklist for Policyholders lic of india reassignment form 3857

When you want to transfer the policy rights back to the original owner after a previous assignment, you must use . This comprehensive guide explains everything you need to know about the LIC reassignment form, the process, required documents, and critical considerations. What is LIC Reassignment?

: Converting a policy back to the owner's name before surrendering it for cash. Is the reassignment being done from a ,

If you pledge your LIC policy to a commercial bank or financial institution for a home or personal loan, the bank acts as the assignee. Upon full loan closure, the bank must execute this form to release the policy. 3. Reversal of Absolute Assignment

LIC will verify the signatures and update their master records. They will endorse the change on the back of your original policy document and return it to you. Once registered, you resume full ownership, and your original nominees are automatically restored (or you can appoint new ones). Documents Required Along with Form 3857 Therefore, ensure you complete the Form 3857 process

The signatures of the assignee must be witnessed by an authorized individual, such as a gazetted officer, LIC agent, or bank official.

Must be signed by the Assignee (lender) in the presence of witnesses.

Before touching Form 3857, ensure you have an official "No Dues Certificate" or loan closure letter from your lender. Step 2: Download and Fill the Form

The exact location and date of execution must be specified. Step-by-Step Process to Submit Form 3857