Lic Of India Reassignment Form 3857 __link__ (2026)

Form 3857 is the Assignment Deed used to transfer the title, benefits, and rights of an LIC policy from the original owner (assignor) to another person or institution (assignee). It is most commonly used when taking a loan against an LIC policy from a bank.

While some satellite offices accept documents, it is highly recommended to submit the form at the (the specific branch handling your policy portfolio) for faster turnaround. Is there a fee for processing a policy reassignment?

The exact date and location where the reassignment is signed.

Cancelled cheque (if you need to update your bank details for future survival benefits) Important Things to Keep in Mind lic of india reassignment form 3857

The reassignment form is a relatively short but legally binding document. It typically requires the following details: The unique identifier of your LIC policy.

Before touching Form 3857, ensure your lender issues a formal or Loan Closure Letter . This proves the financial obligation is met. Step 2: Download and Fill Form 3857

The assignee must sign the form. In case of a joint policy, all assignees must sign. Form 3857 is the Assignment Deed used to

The filled-out LIC Reassignment Form 3857 and supporting documents can be submitted to the LIC office in the following ways:

: You want to regain the right to change nominees, surrender the policy, or take a loan directly from LIC.

After you have completed the form and gathered the necessary documents, submit the entire package to (the "servicing branch"). Is there a fee for processing a policy reassignment

The witness must be a competent individual. LIC highly prefers signatures witnessed by: LIC Agents or Development Officers Branch Managers of any scheduled bank Gazetted Officers An LIC Class-I Officer Step 5: Submission to LIC Branch

The primary form used for to another person (e.g., a creditor, bank, or family member) is:

Form 3857 is the Assignment Deed used to transfer the title, benefits, and rights of an LIC policy from the original owner (assignor) to another person or institution (assignee). It is most commonly used when taking a loan against an LIC policy from a bank.

While some satellite offices accept documents, it is highly recommended to submit the form at the (the specific branch handling your policy portfolio) for faster turnaround. Is there a fee for processing a policy reassignment?

The exact date and location where the reassignment is signed.

Cancelled cheque (if you need to update your bank details for future survival benefits) Important Things to Keep in Mind

The reassignment form is a relatively short but legally binding document. It typically requires the following details: The unique identifier of your LIC policy.

Before touching Form 3857, ensure your lender issues a formal or Loan Closure Letter . This proves the financial obligation is met. Step 2: Download and Fill Form 3857

The assignee must sign the form. In case of a joint policy, all assignees must sign.

The filled-out LIC Reassignment Form 3857 and supporting documents can be submitted to the LIC office in the following ways:

: You want to regain the right to change nominees, surrender the policy, or take a loan directly from LIC.

After you have completed the form and gathered the necessary documents, submit the entire package to (the "servicing branch").

The witness must be a competent individual. LIC highly prefers signatures witnessed by: LIC Agents or Development Officers Branch Managers of any scheduled bank Gazetted Officers An LIC Class-I Officer Step 5: Submission to LIC Branch

The primary form used for to another person (e.g., a creditor, bank, or family member) is: