Lic Of India Reassignment Form 3857 Info

: Full names and addresses of the original owner and the new owner.

Form 3857 is a legal instrument used for the .

A: The LIC will process the reassignment request after verifying the form and documents. The timeline may vary depending on the specific circumstances. lic of india reassignment form 3857

It is highly recommended to submit the form at your (the home branch where your policy was opened). If you are in a different city, you can visit a local branch to request a transfer of your servicing branch first. How long does it take for LIC to process the reassignment?

The most common scenarios requiring a reassignment, and thus Form 3857, include: : Full names and addresses of the original

: Depending on the specific case, LIC may require the reassignment wording to be copied onto a proper stamp paper

: Download the Form 3857 PDF or visit an LIC Branch Office to get a physical copy. The timeline may vary depending on the specific

: Transferring policies between family members for inheritance purposes.

In most states, reassignment for loan repayment is exempt from stamp duty. For other cases, nominal stamp duty of ₹10-₹100 may apply. Check your state’s Stamp Act.