Think of your LIC policy as a property deed. Form 3857 is the "deed transfer" paper. Once you fill it out and submit it, the new person (the Assignee ) legally owns the policy's benefits—including the right to nominate someone else or even take a loan against it.
The authorized signatory of the bank/financial institution must sign and place their official stamp/seal. lic of india reassignment form 3857
Gather the following documents and visit the LIC home branch (where the policy is serviced): Original LIC Policy Document (which was held by the bank). Fully executed LIC Form 3857. Copy of the Bank’s No Dues Certificate. KYC documents of the policyholder (PAN Card, Aadhaar Card). Step 4: Registration of Reassignment by LIC Think of your LIC policy as a property deed
Do you already have the , or do you need assistance finding a download link ? Copy of the Bank’s No Dues Certificate
To ensure smooth processing at an LIC Branch Office, the following details are typically required: Lic form 3857: Fill out & sign online - DocHub
Self-attested (Aadhaar Card, PAN Card, and Passport-size photo)
Reclaiming your LIC policy requires coordination between you, your lending bank, and the LIC branch office. Follow these steps to ensure a smooth transition: