Assignment of a Life Insurance Policy (India)
This document is used to legally transfer the ownership and benefits of a life insurance policy from the original policyholder to another person. It outlines the transfer of all future payouts and the responsibility for premium payments, ensuring the assignee becomes the new beneficial owner.
ASSIGNMENT OF LIFE INSURANCE POLICY
S/o Sh. ______________________________, R/o __________________________________ (as named "the assignor") which expression shall include his successors, executors and administrators of the one part S/o Sh. _______________________________, R/o __________________________________ (as named "the assignee") which expression shall include his successors , executors and administrators of the other part. |
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