Lic Reassignment Form < 2025-2026 >

It does not.

Don’t Ignore the LIC Reassignment Form: What It Is, Why It Matters & How to File It lic reassignment form

You pledge your LIC policy as collateral for a bank loan. The bank becomes the “assignee.” Once you repay the loan, the bank must reassign the policy back to you using the LIC Reassignment Form. It does not

✅ Ask for it. ✅ Fill it out completely. ✅ Submit it immediately. lic reassignment form

Whenever you repay a loan or settle an assignment, make reassignment a .

Think of it like a temporary handover.