Your LIC policy is an asset—treat its ownership documents with the seriousness they deserve. Have you faced issues with LIC reassignment? Share your experience in the comments below. Let’s help each other avoid common pitfalls.
Whenever you repay a loan or settle an assignment, make reassignment a . lic reassignment form
In LIC terminology, means transferring your policy rights to another person (the assignee). Reassignment is the reverse process—the assignee transfers those rights back to you, the original policyholder. Your LIC policy is an asset—treat its ownership