Imagine a policyholder, Ravi, who needed to secure a business loan. His bank required his LIC policy as collateral. Ravi downloaded from the official LIC website.
: Assignment is only complete once the insurer is officially notified and the change is registered. Common Scenarios
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Accurately enter the policy number and the sum assured.
Are you looking to (Absolute Assignment) or just as collateral for a loan (Conditional Assignment)? Download LIC India Forms for Hassle-Free Transactions Imagine a policyholder, Ravi, who needed to secure
Errors on Form 3855 can lead to delays or the rejection of your revival application. Follow these steps to fill it out accurately:
Form 3855 cannot be processed in isolation. Depending on your specific request, you must attach self-attested copies of the following supporting documents: : Assignment is only complete once the insurer
: If your LIC policy has lapsed due to non-payment of premiums and you want to reactivate it, LIC needs to assess your current health risk.
State the exact financial coverage amount being requested. Financial and Demographics Verification
Once your form is fully completed and signed, you must submit it to your home LIC branch. Along with Form 3855, you will typically need to provide: