When you use a life insurance policy as collateral for a bank loan, the ownership rights are transferred to the lender. Once the loan is fully repaid, you must officially reclaim those rights using an (specifically Form No. 3857) to revert the policy benefits and ownership back to yourself. What is LIC Policy Reassignment?

Used for the initial Absolute Assignment (giving away the policy).

Self-attested copies of your Aadhaar card and PAN card.