Lic Of India Reassignment Form 3857

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:

To understand Form 3857, you have to understand the drama of "Assignment."

Review: Without this form, you could repay a ₹20 lakh loan, pass away a month later, and your family might struggle to claim the sum assured because the bank is still the official "assignee." Form 3857 is the document that restores your rights. It is the difference between a settled debt and a legal nightmare. lic of india reassignment form 3857

Currently, LIC does not offer fully online submission for reassignment because it requires original signatures and the physical policy document. However, you can download the form online but must submit it offline at a branch.

The signatures of the bank official usually require attestation by witnesses. This ensures the validity of the document. The executed Form 3857 must be submitted to

If you download Form 3857, you aren't getting a sleek, digital-friendly PDF. You are getting a classic piece of Indian bureaucratic history.

Critique: The form assumes you have a physical copy of the policy bond handy. In an era where dematerialized (Demat) policies are becoming common, the reliance on physical documentation feels dated. It loses one star for not having a fully digital integration path yet. Review: Without this form, you could repay a

To ensure smooth processing, attach the following documents:

The policyholder must first clear the outstanding loan amount with the bank or financial institution.