Lic Of India Reassignment Form 3857 🌟

Years ago, Arjun had assigned the policy to a local bank to secure a loan for Meera’s education. Now, with the loan paid off and his health beginning to fade like the evening sun, he needed to "reassign" that future back to its rightful owner.

Crucial Step! When you assign a policy, any previous nomination is automatically cancelled. Once the policy is reassigned to you via Form 3857, the policy does not automatically restore your old nominee. You must submit a fresh Nomination Form (Form 3750) along with your reassignment to ensure your loved ones are financially protected.

"It’s your safety net, Meera," he smiled. "I’ve signed it over. It’s officially yours now." lic of india reassignment form 3857

You cleared a housing, personal, or business loan where your LIC policy was pledged.

Step-by-Step Process to Reassign an LIC Policy Using Form 3857 Years ago, Arjun had assigned the policy to

Getting your policy reassigned requires coordination between you, the current assignee, and LIC. Follow these steps: Step 1: Obtain the No Dues Certificate

It is easy to confuse these three forms. Here is a quick comparison table: When you assign a policy, any previous nomination

Yes. You can download it for free from the official LIC of India website under the "Downloads" or "Forms" section. 2. Is there a fee for policy 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 following documents are required to be submitted along with the LIC Reassignment Form 3857:

: The institution or person returning the policy (e.g., State Bank of India, HDFC Bank).