Lic Form 3855 Download Fixed |top| Online

Assignment is the legal process of transferring ownership of an insurance policy from the original owner (the ) to another party (the Assignee ). While the actual transfer is often recorded on the back of the policy bond or a separate deed, Form 3855 serves as the official notice that must be submitted to the LIC branch to ensure the transfer is registered in their records. Types of Assignment

The is a legal document officially titled the Form of Notice of Assignment . It is used by policyholders of the Life Insurance Corporation of India (LIC) to formally notify the corporation that they have transferred (assigned) the rights and benefits of their insurance policy to another individual or entity. Understanding LIC Form 3855 lic form 3855 download fixed

Using Form 3855, you can notify LIC of two main types of policy transfers: Assignment is the legal process of transferring ownership

This is a permanent transfer of all rights, titles, and interests in the policy. It is often used for gifting a policy to a loved one or selling it for valuable consideration. It is used by policyholders of the Life