for the documents required alongside Form 3855 for a policy assignment? Download LIC India Forms for Hassle-Free Transactions
Yes, once an absolute assignment (using Form 3855) is completed, it is binding, and the original owner loses control of the policy.
If the issue is indeed fixed, follow these steps:
Your insurance agent can provide a PDF copy or a printed version for your convenience. Key Sections of the Form
| Section | What to Fill | Common Mistake to Avoid | | :--- | :--- | :--- | | | Policy number, name, address, loan amount. | Using initials instead of full name as per policy. | | Part B | Repayment mode (Lumpsum / Monthly) | Leaving mode blank – leads to auto-debit failure. | | Part C | Assignment details (if loan from bank) | Forgetting banker’s signature & stamp. | | Part D | Witness signature (LIC agent code required) | Using a non-licensed witness – form invalid. | | Annexure | Surrender value calculation | Miscalculating 90% of surrender value. | lic form 3855 download fixed
LIC Form 3855 is technically known as the Form of Notice of Assignment
provides the most reliable "fixed" versions of claim and servicing forms. Agent/Branch Portals: Professional portals like Bima By Taneja
If the form opens but checkboxes are missing or text is garbled:
To ensure your request is processed without delays, follow these standard requirements: for the documents required alongside Form 3855 for
For assistance with other claim types, such as maturity, you may need related forms like (Maturity Discharge) or Form 5074 for surrendering a policy.
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is the official Notice of Assignment , a crucial document used to legally notify the Life Insurance Corporation of India (LIC) that you have transferred the ownership or rights of your policy to another person or entity.
to find the most current version of various servicing forms. Editable Online Versions : Platforms like uslegalforms Key Sections of the Form | Section |
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.
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