| Section | Field | Instruction | | :--- | :--- | :--- | | | Policy Number | Enter the exact number as shown on your bond. No spaces. | | B | Assignor Details | Your full name, address, and relationship to the life assured. | | C | Assignee Details | The new owner’s full name, address, and PAN (mandatory for loans). | | D | Consideration | If money exchanged, write “Valuable Consideration.” For gifts, write “Natural Love and Affection.” | | E | Witnesses | Requires two independent witnesses (not assignor or assignee). |
Official and third-party portal URLs frequently change, leading to "404 Not Found" errors.
There are two primary ways to assign a policy using Form 3855:
LIC Form 3855: The Essential Guide to Notice of Policy Assignment lic form 3855 download fixed
: If the assignment is done on the back of the policy bond, stamp duty may not be required; however, if done on a separate deed, proper stamp duty is mandatory.
Properly assigning your LIC policy ensures your financial and legal intentions are clearly documented, providing peace of mind for you and your assignee. We hope this guide has resolved your download issues and clarified the purpose of LIC Form 3855.
The is a crucial legal document used by policyholders of the Life Insurance Corporation of India (LIC) to transfer ownership of their insurance policy , a process formally known as an assignment . Whether you are transferring the policy for a loan , as a gift, or as part of a settlement, this form officially changes the rights from the original policyholder ( Assignor ) to a new owner ( Assignee ). | Section | Field | Instruction | |
The name, address, and age of the current policyholder must be clearly listed.
To ensure your request isn't delayed, follow these steps when filling out the downloaded form:
Many “corruption” issues are actually reader incompatibility. The LIC form uses JavaScript for auto-calculation. | | C | Assignee Details | The
Once the form is accurately filled out, stamped, and signed by your employer:
Downloading LIC Form 3855 can seem like a chore, but with the right guidance, it can be a straightforward process. By following the steps outlined in this article, you can ensure that you obtain a valid and up-to-date version of the form, thereby facilitating a smooth and efficient transaction with LIC. Stay updated with the latest information and always rely on official sources to download important documents like LIC Form 3855.
The safest “fixed” version comes directly from LIC, but you must navigate correctly. Do use third-party template sites.