Home » A life insurance policy from LIC may be assigned only after a period of Insurance MCQs A life insurance policy from LIC may be assigned only after a period of April 27, 2022 6 Views Q. A life insurance policy from LIC may be assigned only after a period of ________. A. 10 years. B. 5 years. C. 3 years. D. 1 year. Answer: 5 years