Lic Of India Reassignment Form 3857 [upd] Instant

Reassigning your policy requires coordination between you, the lender (Assignee), and your LIC home branch. Follow these steps to ensure a smooth transition:

The physical policy bond is mandatory for endorsing the reassignment.

If you took a loan directly from LIC, the corporation automatically reassigns the policy back to you upon final settlement of the debt.

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 lic of india reassignment form 3857

Do you have the in your possession?

Disclaimer: This information is based on standard LIC procedures as of 2026. Always verify requirements with the local LIC branch, as policy servicing rules may be updated. If you'd like, I can: Tell you to avoid rejection. Give you a checklist for submitting to the branch . Explain the difference between assignment and reassignment. Let me know how you'd like to proceed . LIC Reassignment Form No. 3857 | PDF - Scribd

The Branch Manager, LIC of India, [Branch Code/Address] The reassignment must be witnessed by an eligible

You must input the exact policy number, the name of the life assured, and the total sum assured.

Do you need assistance drafting a to submit to the LIC branch manager? Share public link

You initially assigned your LIC policy to a bank, NBFC, or LIC itself to secure a loan. You have now fully paid off the loan, and the lenders need to release their claim on your policy. Always verify requirements with the local LIC branch,

The assignment process is not free. You must be aware of the applicable fees and processing times.

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