Get Absolute Assignment For Valuable Consideration Individual16

Filling out the Absolute Assignment For Valuable Consideration Individual16 is a crucial step in transferring rights under an insurance policy. This guide will provide clear and straightforward instructions to help you complete the form correctly and efficiently.

Follow the steps to complete the form accurately.

1. Click ‘Get Form’ button to obtain the form and open it in your editor.
2. Begin by filling in the date at the top of the form. Ensure the date is accurate as it is essential for processing.
3. In the section addressed to the manager of Policy Servicing at SBI Life Insurance Co. Ltd, input the policy number that you wish to assign.
4. Complete the section indicating the assignee’s name. Enter the full name of the individual to whom you are assigning the policy.
5. Provide the signatures of both the policyholder and the assignee. Ensure that all parties sign the document as necessary.
6. Fill in the address details for both the policyholder and the assignee. This information may be required for verification.
7. In the endorsement section, clearly state the amount in numbers and in words that represents the valuable consideration.
8. Specify the relationship between the policyholder and the assignee in the appropriate field. This connection is important for processing the assignment.
9. Both the policyholder and the assignee should sign and date the declaration when the policyholder's signature is in a vernacular language or if a thumb impression is used.
10. After completing all necessary fields, save the changes. You can now download, print, or share the form as required.

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