LIC IPO: Last day for policyholders to link PAN!

The Life Insurance Corporation of India (LIC) is all set to launch its initial public offering (IPO) in march, which is touted to be the country's largest IPO ever, apart from being the biggest government-owned entity going public.

According to the LIC DRHP filed with SEBI, 10% of the IPO is reserved for policyholders. Apart from that, policyholders will also be eligible for a discount over the floor price.

Are You a LIC policy holder?

If you are a policy holder of LIC and want to invest in the much-awaited LIC IPO you must have two things:

Your PAN should be updated on the LIC Policy: In the LIC policy, the PAN number of the applicant must be updated to invest in the IPO. The Life Insurance Corporation of India has previously requested that LIC subscribers can link their life insurance policies to their PAN cards in order to participate in the LIC IPO.

February 28 i.e. today is the last date for policyholders to link their policy from PAN card to avail discount of 10%.

Here’s how you can update PAN details on LIC website
Step 1: Visit the official LIC website https://licindia.in/
or visit the page directly https://linkpan.licindia.in/UIDSeedingWebApp/
Step 2: From the home page, select the 'Online PAN Registration' option.
Step 3: On the Online PAN Registration page, tap the 'Proceed' button.
Step 4: Provide correct email address, PAN, mobile number and LIC policy number.
Step 5: Enter the Captcha code in the box.
Step 6: Click on 'Get OTP'
Step 7: Once you've received the OTP, input the OTP digits into the space provided for it on the portal and submit.

How to check PAN-LIC status
Step 1: Visit https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
Step 2: Enter Policy Number, Date of Birth, and PAN information, as well as the captcha. Then press the Submit button.

You should have a Demat Account: Since buying stock is only possible through a demat account, you would need one in your name. If you already have one, you can use this for the application process. If you do not have a Demat Account, you can open a demat account here with us! We facilitate this to our clients as an Authorised person of HEM Finlease Pvt. Ltd. 

*Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.

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