Lic Of India Reassignment Form 3857 May 2026

LIC of India Form 3857 is the official document used for the reassignment of a life insurance policy

Restoration of Rights: Form 3857 legally transfers the "title, interest, and benefit" of the policy back from the lender (Assignee) to the policyholder (Assignor).

by a competent person, such as a Magistrate, Gazetted Officer, or an authorized LIC official. Documentation lic of india reassignment form 3857

2. The User Experience: Old School Charm vs. Modern Frustration

If you download Form 3857, you aren't getting a sleek, digital-friendly PDF. You are getting a classic piece of Indian bureaucratic history.

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Legal Ownership Transfer: It serves as a formal legal instrument to ensure the new owner (usually the original policyholder) holds all rights to the policy's maturity or death benefits.

This form is used for an Absolute Reassignment when the policy is transferred back to the original policyholder after a loan has been repaid. 📝 Part 1: Form of Reassignment LIC of India Form 3857 is the official

What is LIC Form 3857? (Definition and Purpose)

LIC Form 3857, officially known as the “Reassignment Form,” is used to transfer the rights, title, and interest of a life insurance policy from one person (the assignee) back to the original policyholder (the assignor) or to another eligible person.