Lic Of India Reassignment Form 3857

by a competent person, such as a Magistrate, Gazetted Officer, or an authorized LIC official. Documentation

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: lic of india reassignment form 3857

: Once the reassignment is executed, the policy document must be sent to the LIC Divisional Office for the change to be officially registered in their books. Required Documents for Submission LIC Reassignment Form 3857 Guide | PDF - Scribd by a competent person, such as a Magistrate,

Yes. If you do not execute a reassignment, the bank remains the nominee/beneficiary. On maturity or death claim, the bank will receive the money, not you or your family. You must reassign to reclaim your rights. Supporting Documents: : Once the reassignment is executed,

The magic of this form isn't just in giving the policy away; it’s in getting it back. The "Reassignment" feature allows the original owner (the Assignor ) to reclaim the policy once the purpose of the assignment is over.