Would you like a or help with a specific scenario (e.g., reassignment after a bank loan, lost policy document, deceased assignee)?
This is a legal document used to transfer the rights, title, and interest of a life insurance policy from one person to another. Unlike a simple "Nomination," an "Assignment" transfers ownership of the policy.
The completed form must be submitted to the LIC Divisional Office along with the original policy document for registration.
In cases of conditional assignment (e.g., to a spouse), if the specific conditions for reversion are met, this form formalizes the transfer.
Would you like a or help with a specific scenario (e.g., reassignment after a bank loan, lost policy document, deceased assignee)?
This is a legal document used to transfer the rights, title, and interest of a life insurance policy from one person to another. Unlike a simple "Nomination," an "Assignment" transfers ownership of the policy.
The completed form must be submitted to the LIC Divisional Office along with the original policy document for registration.
In cases of conditional assignment (e.g., to a spouse), if the specific conditions for reversion are met, this form formalizes the transfer.