Form 3850 is for Conditional Assignment (temporary transfer). Form 3855 (our focus) is for Absolute Assignment (permanent transfer). Do not mix them up.

This is a legal document used to transfer the ownership of an LIC policy from one person (the Assignor) to another (the Assignee). Unlike a conditional assignment, an transfers all rights, title, and interest completely. Once submitted, the original policyholder cannot cancel the transfer without the assignee’s consent.

This is a permanent transfer of all rights, titles, and interests in the policy. It is often used for gifting a policy to a loved one or selling it for valuable consideration.

LIC Form 3855 is an official document used by Life Insurance Corporation of India (LIC) for reporting or claiming specific policy-related transactions. It’s commonly used in contexts such as loan settlements, assignment or discharge formalities, or for obtaining certificates related to policy status. Exact usage can vary by product and regional office procedures; for a specific transaction always follow LIC's instruction given with the form or contact your LIC agent/branch.

LIC Maturity Claim Form | Download & Fill Guide - Policybazaar.com

Before we solve the download issues, let us understand what this document is. is officially known as the “Assignment of a Policy – Absolute Assignment.”