Legally known as the , this document acts as a deed of transfer. When you assign a policy to a bank or LIC for a loan, they become the "Assignee" (legal owner). Once the loan is closed, Form 3857 is used by that institution to "reassign" all rights, titles, and interests back to you (the "Assignor"). Key Components of the Form
He was clearing out his late father’s study. Six months since the heart attack. Six months of probate, relatives, and silence. But this envelope was different. It wasn't a bill, a policy summary, or a receipt for a premium paid in 1987. Across the top, in bold, old-fashioned typewriter font, it read: . lic form 3857
As I am a large language model, I don't have have access to the actual form. However, I can guide you through the process. Legally known as the , this document acts
“This is Raghavan, Legacy Claims. Where did you find it?” Key Components of the Form He was clearing
Send the completed Form 3857 along with the Original Policy Document and a Notice of Reassignment to your servicing LIC branch for registration.
The form requires specific details to ensure the transfer is legally binding: The policy number and the sum assured.
The Life Insurance Corporation (LIC) of India provides various forms for policyholders to make changes, claims, or updates to their policies. However, without specific context, it's challenging to provide detailed information on Form 3857.
