LIC Form 3855 is the official Notice of Assignment form used to notify the Life Insurance Corporation of India (LIC) that the ownership or rights of a policy have been transferred from the policyholder (assignor) to another person or entity (assignee). Understanding Form 3855
: A competent witness (different from the Assignee) must be present and sign the form. Step 3: Choose Assignment Type You must specify how the policy is being transferred:
Disclaimer: This article is for informational guidance only. LIC form structures and fees are subject to change. Always verify with your local LIC branch for the most current requirements.
: Once this notice is registered with LIC, the assignment typically cannot be revoked unless the assignee (the person receiving the policy) re-assigns it back to you. Priority of Claims
The updated LIC Form 3855 download process has made it easier for policyholders to access and download the form. The changes have streamlined the process, reducing errors and ensuring that policyholders can quickly and efficiently make changes to their insurance policies. With the LIC Form 3855 now readily available for download, policyholders can enjoy a hassle-free experience, ensuring that their insurance coverage remains accurate and up-to-date.