Lic Of India Reassignment Form 3857 -

Reassigning your policy requires coordination between you, the current assignee, and your LIC home branch. Follow these steps to ensure a smooth transition: Step 1: Obtain the No Objection Certificate (NOC)

If you want, I can:

Take the form to your lender (bank manager or authorized LIC officer). The must sign and stamp the reassignment endorsement section on the form. If it is a bank, they will use their official rubber stamp. Step 4: Witness Attestation lic of india reassignment form 3857

According to Section 38 of the Insurance Act, 1938, a reassignment executed by an endorsement on the policy bond itself does not attract additional stamp duty. If it is a bank, they will use their official rubber stamp

: Absolute assignment cancels any previous nomination. Reassignment does not automatically restore your old nominee. You must submit a fresh Nomination Form (Form 3750) along with the reassignment form to secure your family's financial future. Reassignment does not automatically restore your old nominee

4. What happens if I lose the original policy bond after loan closure?