Lic Of India Reassignment Form 3857 -

LIC Reassignment Form 3857 is the official document used to transfer ownership of a life insurance policy back to the original policyholder after a loan has been repaid or a previous assignment has ended Key Features and Purpose Reversion of Rights

Common supporting documents

• Original policy bond (or surrender if required temporarily).
• Proof of identity and address of new assignee (Aadhaar, PAN, passport, voter ID).
• PAN card copy for consideration-related transfers (for tax reporting).
• No-objection certificate (NOC) if needed from any third party (e.g., loan/charge holder).
• If legal heir/nominee transfer: death certificate, succession certificate or court order, probate as applicable.
• For minors: birth certificate and guardian ID/proof of guardianship.
• Power of Attorney or court orders if signatures made by an attorney/guardian.

LIC Form 3857 vs. Form 3855 vs. Form 3818: Key Differences

It is easy to confuse these three forms. Here is a quick comparison table: lic of india reassignment form 3857

Think of it as a legal handover. The assignee hands back the policy to the original owner. Without this form, the assignee remains the beneficiary, which can prevent the original policyholder from taking a loan, surrendering the policy, or receiving the maturity amount. LIC Reassignment Form 3857 is the official document

Restoration of Rights: It legally transfers the ownership, rights, and benefits of the policy back to the original assured. Original policy bond (or surrender if required temporarily)

back to the original policyholder. This process most commonly occurs when a policy that was previously assigned to a bank or financial institution as collateral for a loan is returned to the owner after the loan is fully repaid. licindia.in Key Purpose and Use Cases Loan Security Release: