Need A Financial Product Forums Insurance What is assignment of the policy? What-is-assignment-of-the-policy_REPLY


If a policy holder is willing to rise loan against his/her policy from LIC or any other financial institutions then policy needed to be assigned by LIC or any other financial institution. When a policy is assigned then the policy then the title of the policy shifts from the name of policy holder to that of LIC or any other financial institution. This title would be reassigned to the policy holder once he completes the repayment of the loan. Policy holder has to do a fresh nomination after the reassignment of the policy. This assignment of the policy can be done even other than need of loan.

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Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


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