Lic Of India Reassignment Form 3857 Jun 2026

Submit the following bundle to your home LIC branch (where the policy is serviced): Completed and signed . Original Policy Document (the policy bond). NOC / Loan Clearance Letter from the bank. KYC documents (PAN card, Aadhaar card) of the policyholder.

The signature must be witnessed by an independent person. The witness must provide their full name, signature, and address. Standard Text Format of LIC Form 3857

Once submitted, LIC usually processes Form 3857 within , provided all documents are in order.

: Must include the policy number, date of original assignment, and the sum assured to avoid processing delays. Critical Documentation Original Policy Bond

If the assignee (the person in whose favor the policy was assigned) passes away, their legal heirs must use Form 3857 along with succession documents to reassign the policy back to the original policyholder.

Many borrowers, once they clear their loan, take the "No Objection Certificate" (NOC) from the bank and assume the job is done. They file the NOC away and forget about it.

: A statement acknowledging the receipt of a specific sum of money (written in words) in exchange for the reassignment. Policy Details : Specifics including the Policy Number , the sum assured, and the date the policy was issued. Reassignment Declaration

Share it with anyone who has taken a loan against their LIC policy. Stay informed, stay financially secure.

Both the assignor (the current holder, like a bank) and the assignee (the person receiving the rights back) must sign. These signatures must be witnessed by a competent person who is not a party to the contract. Supporting Documents:

The form was just paper, and the ink was just pigment, but the peace of mind it bought was priceless. Arjun knew that while he couldn't control the winds of fate, he had finally finished building the sails for his daughter's ship. Important Note: In real-life LIC procedures, is specifically used for the Absolute Assignment Reassignment