LIC IPO: How To Link PAN Card With Your LIC Policy To Avail Reserved Shares?

LIC IPO Date 2022: The LIC IPO is expected to hit the bourses by March 31, 2022. On Sunday, the company filed its DRHP clarifying that it aims to sell over 31 crore shares.

New Delhi: LIC IPO date is approaching swiftly. On Sunday, the government filed the Draft Red Herring Proposal (DRHP) for the LIC IPO with the Securities Exchange Board of India (SEBI). According to a report by Mint, the company has decided to sell 5 per cent of the stake for Rs 63,000 crore, making it the biggest IPO of India so far. The embedded value has been fixed at about Rs 5.4 lakh crore.

LIC IPO date 2022 will be announced soon but according to the government, the IPO will most probably hit the bourses before March 31, 2022. The company has offered to sell over 31 crore shares. Employees of the biggest insurer in the country and policyholders will get an additional discount on the LIC IPO share price.

Apart from this, 10 per cent of shares have been especially reserved for the policyholders. For this, it is mandatory for the policyholders to link their PAN cards with their LIC Policy.

How To Link PAN Card With Your LIC Policy?

The investors can follow the below-mentioned steps to link their PAN Card and the LIC Policy. This will make them eligible for the 10 per cent reserved shares at a discounted price.

1. Log-in to the official website of LIC, www.licindia.in
2. Select ‘Online PAN Registration’ on the homepage.
3. Keep the PAN card the list of policies to be linked, handy.
4. Now click on the ‘Proceed’ option.
5. Now enter your e-mail ID, PAN number, mobile number and policy number.
6. Now enter the Captcha and click on ‘Get OTP’.
7. Enter the OTP received on the mobile number in the box given on the screen.
8. Click on ‘Submit’
9. A message will be shown on the screen about the success of the process.
10. For more queries, the policyholders can also go to www.licindia.in.