Lic Of India Reassignment Form 3857 May 2026

Form 3857 is LIC of India’s reassignment form used to transfer (reassign) the assignment of a policy from one assignee to another or to cancel/modify an existing assignment. It records details of the existing assignment, new assignee (if any), and required authorizations.

Subject: How to fill LIC Form 3857 – Assignment of Policy

Purpose: To legally transfer the ownership rights/benefits of your LIC policy to another party (e.g., a bank for a loan).

Documents Required:

How to fill Form 3857:

Part B – Details of the Assignor (You):

Part C – Details of the Assignee (Bank/Lender/Person): lic of india reassignment form 3857

Part D – Type of Assignment:

Part E – Signatures:

Submission:

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Form 3857 is strictly used in the context of Policies under Mortgage. It is required in the following scenarios:

Note: If a policy is assigned in favor of a relative (non-monetary assignment) and needs to be canceled, a different form (Notice of Cancellation of Assignment) is generally used. Form 3857 is specifically designed for reassignment from institutions.

Rating: ★★★★☆ (4/5) – Essential, but legally dense. Form 3857 is LIC of India’s reassignment form

Most people view insurance paperwork as a necessary evil—boring, repetitive, and something to be signed without reading. However, LIC Form 3857 (the Reassignment Form) stands out because it deals with a high-stakes game: ownership of your life insurance policy.

Here is an interesting look at why this specific form is the unsung hero of financial documentation.