The deadline to link PAN to LIC Policies ends today to apply for LIC IPO. Life Insurance Corporation of India (LIC) policyholders are required to link or update Permanent Account Number (PAN) details in their policy records by February 28 to apply in the upcoming initial public offering (IPO) of LIC.
The draft red herring prospectus (DRHP) filed by the country’s largest insurer with the market regulator, the Securities and Exchange Board of India (Sebi) states, the linking between a PAN and LIC policy is mandatory for policyholders to become eligible to participate in the upcoming LIC’s IPO and avail discount over the floor price.
“A policyholder of our Corporation shall ensure that his / her PAN details are updated in the policy records of our Corporation at the earliest,” the LIC IPO draft papers stated.
“A policyholder who has not updated his / her PAN details with our Corporation before expiry of two weeks from the date of the filing of this DRHP with SEBI (i.e., by February 28, 2022) shall not be considered as an Eligible Policyholder,” according to the DRHP.
LIC IPO How to ? LIC Pan Linking Process to Participate in the IPO
Policyholders need to keep your PAN card handy along with the list of policies.
The mobile number which is to be entered must be in active mode. An OTP will be sent by LIC to the mobile number entered.
Visit the official website of LIC to complete the PAN Linking Process –
Once you land on the page, you need to enter details such as date of birth, gender, PAN details, full name as per PAN, mobile number and policy number which you want to link to.
You need to click on “Get OTP”.