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Continued assignment form Download LIC (Corporation of Life Insurance) Forms Online Forms can be downloaded for free by users of this site for their personal use. Forms are not available for publication
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How to fill out lic reassignment form 3857
How to fill out lic reassignment form 3857
01
To fill out LIC Reassignment Form 3857, follow these steps:
02
Download the LIC Reassignment Form 3857 from the official website or obtain a physical copy from a LIC branch office.
03
Fill in the 'Policy Number' field with the policy number of the LIC policy you wish to reassign.
04
Enter the 'Name of the Assignor' in the appropriate field. This refers to the current policyholder who wants to reassign the policy.
05
Provide the 'Name of the Assignee' in the respective field. This refers to the person or entity who will receive the policy ownership after reassignment.
06
Fill in all the required details about the assignee, such as their address, contact information, and any other necessary information.
07
Mention the reason for the reassignment in the 'Reason for Reassignment' section.
08
Ensure that all the information provided is accurate and complete.
09
Attach any supporting documents, if required.
10
Sign the form at the specified place, along with the date of signing.
11
Submit the filled-out LIC Reassignment Form 3857 to the LIC branch office or any other designated authority as directed.
Who needs lic reassignment form 3857?
01
LIC Reassignment Form 3857 is required by individuals or entities who want to transfer the ownership of a LIC policy to another person or entity.
02
This form is used when the current policyholder, known as the 'Assignor,' wishes to reassign or transfer the rights and benefits of the policy to another person, referred to as the 'Assignee.'
03
The Assignor may choose to transfer the policy to a family member, relative, friend, or another interested party.
04
It is important to note that the Assignee must fulfill the eligibility criteria specified by LIC to become the new policyholder.
05
Therefore, anyone who wants to transfer ownership of a LIC policy should utilize LIC Reassignment Form 3857.
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What is lic reassignment form 3857?
The LIC Reassignment Form 3857 is a document used to transfer the rights or ownership of a life insurance policy from one party to another.
Who is required to file lic reassignment form 3857?
Policyholders who wish to transfer their rights or ownership of a life insurance policy need to file the LIC Reassignment Form 3857.
How to fill out lic reassignment form 3857?
To fill out LIC Reassignment Form 3857, complete all required fields including policy details, the current policyholder's information, and the new owner's information, and ensure all signatures are obtained.
What is the purpose of lic reassignment form 3857?
The purpose of LIC Reassignment Form 3857 is to formally document the transfer of ownership of a life insurance policy to ensure legal compliance and clarity regarding the new policyholder's rights.
What information must be reported on lic reassignment form 3857?
The form requires information such as the policy number, current owner details, new owner details, signatures, and date of transfer.
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