LIC IPO for policyholders: How to link your PAN card with policy number | Job Binary


Life Insurance Corporation (LIC) has submitted draft papers to SEBI to sell 5% stake from the government. An initial public offering of 31.6 crore shares or 5% government stake is likely to hit D-Street in March. LIC not more than 5% for its eligible employees and not more than 10% for its policyholders. “Aggregate amount of reservations for eligible policyholder(s) shall not exceed 10 per cent of the offer size,” DRHP said.

LIC policyholders who wish to bid under the reserved quota are asked to link their policy with the PAN number. LIC has announced February 28 as the last cut-off date for linking the policy with PAN. Policyholders who fail to adhere to the timeline will be considered ineligible to apply under the reserved quota.

LIC policyholders and employees will be given a discount on the floor price. The quantum of discount will be communicated at least two days before bid opening.

PAN Link Policy Number: Here’s how to go about it

1. Go to official LIC website – https://licindia.in/

2. Select Online PAN Registration option from home page and then select ‘Click Here’

3. In the next window, read the instructions about the documents you need. Then, click ‘Continue’

4. Now, provide your details including PAN, LIC policy number, mobile number and email address. Fill the captcha in the designated box

5. Request OTP from your registered mobile number

6. Enter the OTP into the portal and then submit it

Also, policyholders who are not well versed in technology can ask their agents to do it.

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