If a person wants to assign the policy to another person without a valid consideration, what conditions must be fulfilled for an assignment to be valid?

Assignments are transfer of insurance policies from Policyholder to another with or without a valid consideration. Any assignment to be valid must satisfy the following conditions: Endorsement for assignment upon the policy document or by a separate instrument signed in either case by the transferor or his duly authorized agent and attested by one witness. Notice of assignment to be given to the insurer and the endorsement or instrument itself or a copy thereof certified to be correct both by transferor and transferee or their duly authorized agents have been delivered to the insurer. Registration of assignment by the insurer in their records after receiving the above document and effecting an endorsement upon the policy document.