Lic Of India Reassignment Form 3857 Access

The LIC branch office will verify the signatures and the authenticity of the bank's seal. Once satisfied, LIC will make an endorsement on the back of the original policy document or issue a separate text cancellation slip stating that the policy has been successfully reassigned to you. LIC will update its master records to reflect you as the current owner. Important Legal and Financial Considerations

According to Section 38 of the Insurance Act, insurance companies cannot charge a fee for registering a reassignment. lic of india reassignment form 3857