Paperwork as narrative: Every completed Form 3857 represents a turning point—perhaps a farmer pledging a policy as loan collateral, a family reallocating financial protection after a bereavement, or a small business formalizing credit arrangements. What stories are hidden behind the signatures and stamps?
If the assignee (the person in whose favor the policy was assigned) passes away, their legal heirs must use Form 3857 along with succession documents to reassign the policy back to the original policyholder. lic of india reassignment form 3857