Release of insurance policies

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..... uty in cases of deaths occurring on or after 16-3-1985, the Life Insurance Corporation Policies taken for the purpose of payment of estate duty may be reassigned in favour of policyholders. Though a number of policies have been thus reassigned, a large number are still pending for reassignment. The matter has been considered by the Board in consultation with the Deptt. of Insurance and it has be .....

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..... large, notices of reassignment of all policies can be done together and the numbers of the policies may be mentioned in a list which will form a part of the notice of reassignment. The details of the form of reassignment, etc., can be obtained from the concerned divisional office of LIC. All Controllers of Estate Duty are requested to take action immediately and complete the reassignment at the .....

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