For a long time, the Life Insurance Corporation of India has been considering an initial public offering, or IPO. The LIC is hard at work preparing for the public offering, despite the fact that the issue's timing and price range have yet to be revealed.
The life insurance company asked its clients to participate in the offering and has announced that certain portion of the IPO will be exclusively reserved for its policyholders. LIC plans to file the drafted IPO prospectus with market regulator SEBI. LIC is expected to be India's second largest company in terms of market capitalizations post its listing.
In order to get the shares exclusively reserved for the policyholders of LIC, policyholders would need to ensure that their PAN information are updated in the companies records. Furthermore, interested individuals will also be required to have a demat account.
How to Connect PAN and LIC
1. Go to https://licindia.in/ or https://linkpan.licindia.in/UIDSeedingWebApp/ for a direct link to the LIC website.
2. Select Online PAN Registration from the home page and then click Proceed.
3. Enter your personal details, including your PAN, LIC policy number, phone number, and email address. During this stage, you must exercise caution and submit all required information.
4. In the corresponding box, fill in the Captcha.
5. Have your registered phone number send you a one-time password (OTP). After entering the OTP into the gateway, submit it.
You can contact a LIC agent if you are unable to link your PAN to LIC online.
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