Lic Of India Reassignment Form 3857 -

Depending on the state of registration, a nominal stamp duty might be required on the reassignment deed.

Here are answers to some common queries regarding Form 3857:

Fully signed and stamped by the lender.

If a policy was absolutely assigned to a family member for specific financial planning reasons and needs to be reverted. Step-by-Step Process to Reassign an LIC Policy

: The exact policy number and the date it was originally issued. lic of india reassignment form 3857

The exact location and date of execution must be specified. Step-by-Step Process to Submit Form 3857

You will need to fill out and submit Form 3857 under the following specific circumstances: Depending on the state of registration, a nominal

(Note: I assumed you meant LIC of India’s Form 3857 for policy reassignment; I did not fetch a live copy.)

: When a policyholder has repaid a bank loan for which the LIC policy was used as collateral, the bank uses Form 3857 to reassign the policy back to the individual. Estate Planning Step-by-Step Process to Reassign an LIC Policy :