Reassignment Form Lic 2021 Online

If you assigned your policy to a bank or LIC to secure a loan, you must use this form once the debt is cleared to reclaim ownership.

Usually mentions "natural love and affection" (for relatives) or "valuable consideration" (for repaid loans). reassignment form lic

In cases of conditional assignment (e.g., to a spouse), if the specific conditions for reversion are met, this form formalizes the transfer. If you assigned your policy to a bank

While LIC does not have a single form strictly named "Reassignment Form," the process is handled via: to a spouse)