Lic Reassignment Form Pdf Hot! Jun 2026

When you use a life insurance policy as collateral for a bank loan, the ownership rights are transferred to the lender. Once the loan is fully repaid, you must officially reclaim those rights using an (specifically Form No. 3857) to revert the policy benefits and ownership back to yourself. What is LIC Policy Reassignment?

Signed by the authorized person of the lending organization (with their official stamp). lic reassignment form pdf

Reassignment is the legal process that cancels a previous assignment. In the context of LIC, this typically happens when: When you use a life insurance policy as

You have two main options for submission: lic reassignment form pdf