Lic Of India Reassignment Form 3857 ((exclusive)) < 2026 Edition >

This is the most common use case. You took a loan from a bank or financial institution by assigning your LIC policy as collateral. Once you repay the loan in full, the bank (assignee) must execute a reassignment using Form 3857 to return the policy’s rights to you.

: LIC guidelines strictly state that the wording of Form 3857 should not just be filled into a blank template but copied onto the back of the original policy bond or onto a stamp paper of requisite value. lic of india reassignment form 3857