The executed Form 3857 must be submitted to the servicing branch of LIC (the branch that manages the policy). Along with the form, the policyholder should submit:
Form 3857 is strictly used in the context of Policies under Mortgage. It is required in the following scenarios:
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Once the loan is fully repaid, the lender transfers the policy rights back to you (the original Policyholder/Assignor).
Here is the standard draft text for the . The executed Form 3857 must be submitted to
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This comprehensive guide covers everything you need to know about LIC of India Reassignment Form 3857, including its purpose, step-by-step filling instructions, required documents, and critical mistakes to avoid. What is LIC Form 3857? This link or copies made by others cannot be deleted
is the official instrument used to record this transfer of rights back to the policyholder.
You will need to fill out and submit this form in the following scenarios:
Life Insurance Corporation of India (LIC) policies are valuable financial assets. Beyond providing life cover, they can be used as collateral for loans or transferred to loved ones. When you want to transfer the ownership of a policy back to the original owner after a loan is repaid, you need , officially known as the Reassignment Form .
: The signatures of the assignor and assignee must be witnessed by a person competent to contract (who is not a party to the assignment).