Lic Of India Reassignment Form 3857 [2026]

Using Form 3857 is not just a formality; it has significant legal implications:

No Dues Certificate (NDC) or Clearance Letter from the bank/assignee. Copy of the original Assignment Letter.

: Both the assignor (current owner) and the assignee (new owner) must sign the form. These signatures must be witnessed

Transferring the ownership of a Life Insurance Corporation of India (LIC) policy is a formal process that requires proper documentation to ensure legal validity. When an LIC policy has been previously assigned (often to a bank for a loan) and the loan is repaid, the policy must be reassigned back to the original policyholder. The is the mandatory document used to initiate this process .