The most likely explanation is that you have seen a reference to an internal or regional LIC form, or a misremembered number. Here is what is known about :
To ensure the reassignment is legally binding, the following details must be accurately provided:
4. What happens if the original policy bond is lost while assigned to a bank? lic of india reassignment form 3857
The assignee’s signature on Form 3857 must match the signature on the original assignment (Form 3855). Banks often have signatory changes – ensure the same authorized person signs or provide a board resolution for change in signatory.
(The physical document is mandatory for endorsement). The most likely explanation is that you have
While many know about adding a nominee , assignment is a more powerful legal act. The next section clarifies this crucial difference.
Often, an assignment cancels previous nominations. It is highly recommended to submit a fresh nomination form alongside your reassignment. Crucial Tips and Common Mistakes to Avoid The assignee’s signature on Form 3857 must match
[Your Address] [City, PIN Code]
The is the official "Re-Assignment Form" used by the Life Insurance Corporation of India (LIC) to legally transfer the ownership of a life insurance policy from one party (the Assignee) back to the original policyholder (the Assignor) or to another individual. Purpose of Form 3857