Robin has availed a loan of ₹50,000 from Mohan against assignment of life insurance policy. Draft a deed of assignment of life insurance policy.

The specimen deed of assignment of life insurance policy THIS ASSIGNMENT made this...........day of___________between Robin, son of David, resident of____________ (hereinafter known as the assignor) of the one part and Mohan son of Ghanshyam resident of____________ (hereinafter known as the assignee) of the other part. WHEREAS a policy of assurance being No.____________ for ₹50,000 (Rupees fifty thousand only) was issued by the Life Insurance Corporation of India on the life of the assignor on the____________ day of____________ to be paid to the assignor or to his executors, administrators or assigns after his death, subject to the annual premium of ₹____________. AND WHEREAS the said assignor has agreed to transfer and assign to the said assignee the said policy of assurance of a sum of ₹____________ (Rupees____________); THIS DEED WITNESSES that in consideration of the sum of ₹50,000 (Rupees fifty thousand only) the receipt whereof the said assignor hereby acknowledges, the said assignor as beneficial owner, hereby transfers and assigns unto and to the use and for the benefit of assignee the hereinbefore recited policy of assurance, and the sum of ₹____________ (Rupees____________) hereby assured and all the other moneys, benefits and advantages to be had, recovered or obtained under or by virtue of the said policy: TO HOLD the same unto and to the use of the said assignee absolutely, subject to the conditions as to payment of future premiums and otherwise to be henceforth observed in receipt of the said policy AND the said assignor hereby covenants with the said assignee that he, the said assignor, shall not do, or knowingly suffer anything to be done, whereby the said policy may be rendered void or voidable or the said assignee or his heirs, executors, administrators or assigns may be prevented from receiving the said sum of ₹____________ (Rupees____________) or any benefit thereunder. IN WITNESS WHEREOF the assignor and the assignee do hereto affix their respective signatures on the day, month and the year stated above. Witness:____________ Witness:____________ Assignor Assignee