letter to lic for assignment

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Sample Letter for LIC Policy Transfer from one Branch to Another

If you have a LIC policy in a particular branch and you wish to have it transferred to some other branch then in that case you have to write a formal LIC policy transfer application which can be drafted using LIC policy transfer letter format. This kind of insurance policy transfer letter contains all the important details along with reason for transfer making it a convenient way. There are various LIC policy transfer letter formats available online.

We have come up with a formal insurance policy transfer letter sample . Use this LIC policy transfer letter format which comes with ease of customization. Download and use LIC policy branch letter format in PDF format.

Letter Format for LIC Policy Transfer from one Branch to Another

Rakesh Sharma 54 Gandhi Path Karol Bagh Delhi

Date: 19.02.19

The Manager Life Insurance Corporation of India Jaipur

Sub: Transfer of LIC Policy to Delhi Branch

Respected Sir,

I, Rakesh Sharma, am writing this letter to request you to please transfer my LIC policy (Policy No: 12345678) from your LIC branch office in Jaipur to the one in Karol Bagh, New Delhi. The reason for requesting this transfer is that I have permanently shifted from Jaipur to Delhi. Therefore, it will be convenient for me to manage my account from the city where I will be living from now on.

I request to please consider this request and take the necessary action. In case of any more details, please contact me at 9898989898.

Thanking you. Sincerely, Rakesh Sharma

Top Search:

https://www lettersfree com/lic-policy-branch-transfer-letter-format/

View all contributions by Marisa

Randhir Koch September 27, 2020, 3:10 am

Transfer Branch

Chaudhari Hetalkumari Thakorbhai April 26, 2022, 3:45 am

Transfer branches ….

Manjunath March 31, 2021, 11:19 am

To which LIC branch need to submit the request. Can we submit to the branch where we stay? Please confrim

Thnx Manjunath

Chavda gopal Bhai July 10, 2021, 2:37 pm

Lic policy transfer lic to for dack

praveen stalin November 9, 2021, 1:58 pm

Very useful information. Thank you. Few LIC branch is acting fast with email responses.

Nitin Wanjare September 12, 2022, 6:39 am

I wish to transfer my LIC policy from my home branch in borivali to Byculla Brach close to where I stay . what is the process ( what documents needed ) and where do I submit my transfer letter request and documents

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Assignment of Life Insurance

WARNING! This form permanently transfers ownership of your FEGLI insurance to another individual, trustee, or corporation (however, premiums continue to be withheld from your salary/annuity). An assignment is irrevocable, and cannot be changed later. DO NOT USE THIS FORM if you only wish to designate a beneficiary to receive your life insurance. Instead, use the available designation of beneficiary form .

For more information about assignments and designations of beneficiary, see the FEGLI Booklet on Assignments , and Designation of Beneficiary and Order of Precedence .

FEGLI enrollees use this form to assign ownership of their life insurance coverage to another person, firm, or trust; and assignees use the form to reassign the coverage.

Electronic Copies:

RI 76-10

Paper Copies:

Request a paper copy of this form from your servicing Human Resources Office.

Annuitants:

Call toll free 1-888-767-6738 (202-606-0500 in the DC Area), or
Send an email to [email protected] , giving the number of the form that you need and your mailing address, or
Request a copy from a local Federal agency Human Resources Office.

LIC Assignment Cancellation Form – Fill Out and Use This PDF

Lic Assignment Cancellation Form is a document which serves as the official request for cancellation of all assignments associated with a certain policy. This form must be completed with the information on the policyholder and will serve as official notification from the current owner to Lic that they agreed to cancel their assignments. It includes details such as the name of customer, address, contact number, Policy Number, and Assignment Effective Date. The Assignment Cancellation Form allows Lic to complete its internal processes for recording and cancelling all assignment paperwork associated with this entitlement on their books. All Life Insurance policies may require the completion of an Assignment Cancellation Form to accompany remittance when cancelling any Assignments on Record at Lic's offices.

LIC Assignment Cancellation Form PDF Details

Do you need to cancel a Life Insurance Corporation of India (LIC) assignment? If so, it's essential that you complete the LIC Assignment Cancellation Form correctly. This form is used when policy holders want to withdraw their investments and surrender their policies. In this blog post, we'll outline the steps involved in completing an LIC Assignment Cancellation Form and discuss what happens after you submit it. We'll also go over important considerations for both term insurance plan cancellations as well as traditional plan reassignments. Read on to learn more about how to effectively manage your life insurance investments with an LIC cancellation form!

Form Preview Example

FORM OF ASSIGNMENT OF POLICY FOR VALUABLE CONSIDERATION

(Absolute Assignment)

Note : THIS FORM SHOULD NOT BE FILLED IN. The wording of the form, if found suitable, should be copied out either on the back of policy itself, or in the alternative, on a proper stamp paper of the requisite value.

(FOR INSTRUCTIONS RE: EXECUTION OF AN ASSIGNMENT SEE REVERSE)

Signature of Life Assured

Designation :- _____________________________

Address :- ________________________________

Place : _____________________

Date :- _____________________

The Senior / Branch Manager,

Branch No. ________________

Life Insurance Corporation of India,

Policy No. ________________________Own Life

I hereby give you notice that I have assigned the above policy to :

On ___________Please acknowledge receipt of this notice and forward the enclosed Policy/Deed

Of Assignment to ___________________after registering the assignment thereon in your Books

Certified that the thumb impression here in is

That of _______________________________________________

Who admits having affixed the same after understanding the contents hereof

?? Notice Should be given by assignor or his/her duly authorised Agent.

The assignor's thumb impression to the form should be attested by a Magistrate or justice of the Peace or a Gazetted Officer. An officer or Development officer of atleast 3 years standing or confirmed Development Officer recruited from the Agents, who were DM or BM club members before joining or Development officer recruited from agents who were ZM or Chairman's club members before joining Provided he / she is fully satisfied about the identity of the person. The attesting witness should certify as above

INSTRUCTIONS

(1) After making such alteration, if any as may be deemed necessary in the case under consideration, the form printed on the reverse should be copied either on the back of the policy, in which case no stamp duty will be payable or on a separate (Special adhesive or non-judicial ) Stamp paper of the appropriate value. Parties to the Assignment should satisfy themselves before forwarding the policy or the Deed of Assignment, as the case may be as regards proper Stamp duty having been paid thereon.

(2) The full name, and age, of the Assignee must be stated.

(3) The actual consideration for the assignment received from the assignee should be written in words, not in figures.

(4) The Assignor must affix his signature to the Assignment in the presence of a witness other than the Assignee. If the Assignor is not conversant with English, he must sign the Assignment before an English-knowing person and if he be illiterate, he must affix his thumb impression to the Assignment before a magistrate a justice of peace or Gazetted Officer. An Officer or Development Officer of Atleast 3 Years standing or confirmed Development Officer recruited from the Agents, who were DM or BM club members before joining or Development Officer recruited from Agency who were ZM chairmans club members before joining provided he/she is fully satisfied about the identity of the person executing the assignment. The Witness in such cases should certify as follows :-

" Certified that the contents of the above Assignment were explained by me to the Assignor Mr.____________________________in Vernacular and that he affixed his signature / Left thumb impression there to in my presence after thoroughly understanding the same.

(5) Signature or any other matter written in Vernacular should have the english translation therof written beneath the same.

(6) Immediately after an assignment has been executed the Policy or the deed of Assignment must be sent to the Divisional Office of the Corporation at________________________

__________________________for registration of the assignment accompanied by anotice in writing of the assignment. Preferably in the form printed on the reverse. Except as otherwise provided any law in force at the place where the policy moneys are payable in terms of policy contract. An assignment other than one in favour of the corporation will not me be operative as against the corporation(and will not confer upon the assignee or his legal representatives any right to sue for the policy moneys) unless a notice in writing of the assignment and the policy bearing the assignment or the assignment deed in original or the copy of the assignment certified to be correct by both the assignor and the assignee or by the duly authorised agents are delivered to the corporation and priority of claims under the assignment will be governed strictly by the order in which notices of assignment have been received at the divisional office of the corporation through which the policy is issued and not by dates of execution of assignment.

(7) When the policy is to be assigned by way of security or mortgage only and not absolutely it is advisable to consult a legal advisor as to form of assignment to be used, amount of stamp duty etc.

Form No. – 3848 p.i./15,000 f / 12-99

How to Edit LIC Assignment Cancellation Form Online for Free

Any time you intend to fill out reassignment form lic, you won't have to download any kind of applications - simply try using our online tool. The editor is continually maintained by our staff, receiving cool features and becoming greater. By taking a couple of simple steps, it is possible to begin your PDF editing:

Step 1: Click the "Get Form" button above. It's going to open our pdf tool so you can start filling out your form.

Step 2: As soon as you access the online editor, you will notice the form ready to be completed. Apart from filling out various blanks, you could also do some other things with the PDF, including adding any textual content, editing the original text, inserting graphics, putting your signature on the PDF, and much more.

This document requires specific info to be filled in, so make sure to take whatever time to enter exactly what is asked:

1. Fill out your reassignment form lic with a number of major blank fields. Note all of the required information and make sure nothing is omitted!

form of reassignment for valuable consideration lic pdf conclusion process shown (stage 1)

2. Right after this selection of blank fields is completed, go on to enter the suitable information in all these - I in Consideration of the sum of.

Guidelines on how to complete form of reassignment for valuable consideration lic pdf step 2

3. The third stage is normally straightforward - fill in every one of the form fields in Place Date, The Senior Branch Manager Branch, Policy No Own Life, Dear Sir I hereby give you notice, and Here mention the name and address in order to finish this segment.

form of reassignment for valuable consideration lic pdf completion process shown (step 3)

4. Your next section will require your input in the following parts: Dear Sir I hereby give you notice, Certified that the thumb, That of Who admits having affixed, Yours faithfully, and SignatureThumb Impression of. Just be sure you provide all of the needed info to move further.

form of reassignment for valuable consideration lic pdf writing process clarified (part 4)

5. Since you approach the final parts of the file, you will find several extra things to complete. Specifically, than the Assignee If the Assignor, Signature or any other matter, written beneath the same, Immediately after an assignment, and for registration of the assignment must all be filled out.

A way to complete form of reassignment for valuable consideration lic pdf stage 5

Many people often make some mistakes while completing than the Assignee If the Assignor in this part. You need to reread whatever you enter here.

Step 3: Reread what you have entered into the form fields and then hit the "Done" button. Sign up with FormsPal right now and instantly gain access to reassignment form lic, available for download. Every last edit made is handily kept , which means you can modify the pdf at a later stage as needed. When you use FormsPal, you can easily complete documents without having to be concerned about information incidents or records being distributed. Our protected platform helps to ensure that your private information is maintained safe.

LIC Assignment Cancellation Form isn’t the one you’re looking for?

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To, Sub: Transfer of LIC Policy to Delhi Branch. Respected Sir, I, Rakesh Sharma, am writing this letter to request you to please transfer my LIC policy (Policy No: 12345678) from your LIC branch office in Jaipur to the one in Karol Bagh, New Delhi. The reason for requesting this transfer is that I have permanently shifted from Jaipur to Delhi.
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The Assignment Cancellation Form allows Lic to complete its internal processes for recording and cancelling all assignment paperwork associated with this entitlement on their books. All Life Insurance policies may require the completion of an Assignment Cancellation Form to accompany remittance when cancelling any Assignments on Record at Lic's ...
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