Lic Reassignment Form

In a reassignment, the "Assignor" is usually the bank or entity returning the rights, and the "Assignee" is the original policyholder.

After repaying a loan against your policy—whether from LIC itself or from a bank/NBFC—the lender must reassign the policy to you. lic reassignment form

This can happen if there’s a dispute or oversight. In such cases: In a reassignment, the "Assignor" is usually the

How to transfer rights, secure loans, or correct policy ownership without losing your benefits. In such cases: How to transfer rights, secure

In the context of the Life Insurance Corporation of India (LIC), a reassignment form (specifically or 3858 ) is a legal document used to transfer the rights and benefits of an insurance policy back to the original policyholder or another party. This process usually occurs after a loan has been repaid or when a previous assignment—made for financial security or out of affection—is no longer required.

Many policyholders assign their life insurance policies to banks or financial institutions as collateral for loans. However, once the loan is repaid, the policy does not automatically revert to the policyholder. To regain full ownership rights, you must file a .

Visit the servicing branch of LIC (where your policy is maintained). Submit the form along with the original policy and NOC.