The bank official will fill in the details regarding the loan closure.
Once submitted to the correct servicing branch, LIC typically updates its records and returns your endorsed policy bond within 7 to 15 working days.
Download the official LIC Reassignment Form 3857. Fill in the policy details accurately. The text must explicitly state that the assignee is reassigning all rights, titles, and interests back to the original life assured. Step 3: Execution by the Assignee
