THIS
ASSIGNMENT made at ……………on this …………day of …… 20 ………
between A son of Shri ………resident of ……………(hereinafter called the
Assignor) of ONE PART and Mrs. B wife of Shri A ..... resident of …………… (hereinafter
called the Assignee) of the OTHER PART.
WHEREAS
(1) [P1] The
assignor is insured with the Life Insurance Corporation of India ………under being
No ……………dated …………for a sum of a policy of to
be paid to the assignor on maturity or to his nominee, heirs, executors, administrators or assigns
after his death.
(2)
[P2] The
assignor has paid all the premium up to date on the said policy of life
insurance and the same is valid and is in full force.
(3) [P3] The
assignor has proposed to assign, transfer and assure unto the assignee the said policy of Life
Insurance in consideration of his love and affection for her being his wife and
the assignee has accepted the said proposal
NOW THIS
DEED WITNESSES THAT
In[P4]
consideration, of natural love and affection which the assignor has for his
wife the assignee herein, the assignor as beneficial Owner does hereby transfer
and assign unto and to the use and for the benefit of the Assignee, the said
policy of life insurance together with all the bonuses, advantages, rights and
benefits thereof to be had, recovered or obtained Under the said policy: to
hold the same unto and to the use of the assigned absolutely, AND
The[P5]
assignor covenant with the assignee that the said policy is at present valid
and in force and he will not. do, execute or perform or knowingly suffer any
thing ,to the contrary whereby the said policy may become void or voidable or
the asisignee be prevented from receiving the money thereby assured or any
bonus, benefit or advantage thereunder.
IN WITNESS
WHEREOF the parties hereto have hereunto set and subscribed
their respective hands the day and year
first hereinabove written.
WITNESSES
1 Signed
and delivered by A, the within named assignor
2. Signed and delivered by Mrs. B, the
within named assignee
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