Lic Of India Reassignment Form 3857 Page

In simple terms, LIC Form 3857 is the legal document that allows a policyholder to transfer their rights, title, and interest in a life insurance policy to another person or entity. This process is called .

: It is most commonly used when a policy was previously reassigned to a bank or financial institution as collateral for a loan. Once the debt is cleared, this form transfers the rights and benefits back to the original policyholder. Estate Planning lic of india reassignment form 3857