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Home / Policy Services / Assignment

Assignment

Stamping the Assignment :

Where the Assignment is made on the policy itself, it is exempt from Stamp Duty. However, where an assignment is made by a separate Deed, it attracts the Stamp Duty.

An assignment executed on a  paper which is kept attached to the policy document prior to the execution, will be deemed as if it is executed on the policy document itself and hence is exempted from stamp duty.

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