LIC Form 3855 is the official Notice of Assignment form used to transfer the ownership and rights of an insurance policy from the policyholder (assignor) to another person or entity (assignee). Google Groups
Whether you are assigning a policy for "Natural Love and Affection" or for "Valuable Consideration," this notice must be submitted to the Life Insurance Corporation of India (LIC) to legally register the change. Google Groups Understanding LIC Form 3855
It serves as a formal notification to LIC that an assignment has taken place. Legal Requirement:
Under Section 38 of the Insurance Act, 1938, an assignment is not complete or effective against the insurer until a written notice is delivered to them. When to Use: You use Form 3855 alongside a Deed of Assignment (such as
for absolute assignment) to ensure the insurer updates their records. Google Groups How to Download the Correct Version
Policyholders can find the most recent versions of servicing forms through official and verified channels: LIC Official Website: official download forms page
provides the most reliable "fixed" versions of claim and servicing forms. Agent/Branch Portals: Professional portals like Bima By Taneja
often aggregate these forms into easy-to-browse tables for quick downloading. Editable Online Tools:
If you need to fill out the form digitally before printing, platforms like allow you to edit and sign Form 3855 online. licindia.in Key Steps for Submission lic form 3855 download fixed
LIC Maturity Claim Form | Download & Fill Guide - Policybazaar.com
The LIC Form 3855 is a legal document officially titled the Form of Notice of Assignment. It is used by policyholders of the Life Insurance Corporation of India (LIC) to formally notify the corporation that they have transferred (assigned) the rights and benefits of their insurance policy to another individual or entity. Understanding LIC Form 3855
Assignment is the legal process of transferring ownership of an insurance policy from the original owner (the Assignor) to another party (the Assignee). While the actual transfer is often recorded on the back of the policy bond or a separate deed, Form 3855 serves as the official notice that must be submitted to the LIC branch to ensure the transfer is registered in their records. Types of Assignment
Using Form 3855, you can notify LIC of two main types of policy transfers:
Absolute Assignment: This is a permanent transfer of all rights, titles, and interests in the policy. It is often used for gifting a policy to a loved one or selling it for valuable consideration.
Conditional Assignment: The rights are transferred only upon certain conditions being met. A common example is using a policy as collateral for a bank loan; once the loan is repaid, the policy is reassigned back to the original owner. Where to Download the Form
You can access official LIC forms through the following channels: FORM OF ASSIGNMENT OF POLICY FOR ... - Lic New Delhi
In the complex landscape of life insurance servicing, LIC Form 3855 —officially known as the Notice of Assignment LIC Form 3855 is the official Notice of
—serves as the critical bridge between a legal transaction and its formal recognition by the Life Insurance Corporation of India (LIC)
. While an "assignment" is the act of transferring policy ownership, rights, and benefits from one person (the assignor) to another (the assignee), Form 3855 is the mandatory notification that makes this transfer valid in the eyes of the insurer The Functional Core of Form 3855
Unlike the assignment deed itself (such as Form 3848 for absolute assignment), Form 3855 is a notice
. It functions as a formal instruction to the LIC Branch Manager, requesting that they register the transfer in their books
. This step is essential; without registering the notice, the insurer is not legally bound to recognize the assignee’s claim, which could lead to complications during maturity or death benefit payouts Key Components and Usage Notice of Intent
: It explicitly states that the policyholder has assigned the policy to a specific individual or entity (the assignee) Assignee Details
: The form requires the full name and address of the assignee to ensure accurate record-keeping Witnessing
: To prevent fraud, the signature of the assignor must be witnessed by a third party who is not the assignee Stamp Duty Compliance Why Your “Fixed” Download Might Still Get Rejected
: While the notice itself is a standard document, the underlying assignment must adhere to local stamp duty laws if it is performed via a separate deed rather than on the back of the policy bond The "Fixed" Process: Accessing and Filling the Form
The term "fixed" often refers to finding a reliable, non-corrupted version of the PDF or navigating the digital filling process. Direct Download
: Official and "fixed" versions are typically available via the LIC India Download Forms portal or regional branch sites like LIC New Delhi Digital Management
: For those looking to handle the document online, platforms like
provide "fixed" fillable templates that allow for electronic signatures and secure exports Submission : Once filled, the form must be submitted to the servicing branch
where the policy was originally issued or is currently being handled Why This Matters Deeply
Form 3855 represents more than just paperwork; it is the final seal on a transfer of financial security. Whether the policy is being assigned as a gift to a family member or as collateral for a bank loan, this form ensures the law of the contract is upheld, protecting the new owner's right to the "sum assured and all other moneys, benefits, and advantages" step-by-step checklist
for the documents required alongside Form 3855 for a policy assignment? Download LIC India Forms for Hassle-Free Transactions
Even after you fix the PDF download, LIC can reject your form for non-technical reasons. Ensure: