LIC IPO Linking PAN card with LIC is mandatory. Today is the last date to link LIC with PAN. Linking time expires today. Know the step by step process of linking it.
LIC PAN Link 2022: This is important news for LIC policyholders. If you have not yet linked your LIC policy with PAN, then do this work immediately. If this is not done, then LIC will not be able to become a part of the IPO and will not be able to take advantage of its benefits. The Life Insurance Corporation (LIC) had filed the DRHP with SEBI on 13 February 2022. The company’s IPO will come in March. This is going to be the biggest IPO in the country. As per LIC IPO DRHP, 10 percent of the company’s shares will be reserved for LIC policyholders. To claim this, policyholders need to link their policies with Permanent Account Number (PAN). 28 February 2022 is its last date.
Today is the last date for the policyholders of Life Insurance Corporation of India (LIC) to link their PAN Card with LIC. LIC has made it mandatory for policy holders to link PAN card with LIC to subscribe to the upcoming IPO of LIC. LIC had fixed the deadline for linking PAN card with LIC, whose life is coming to an end today. Policyholders can do so before February 28, 2022.
Time needed: 5 minutes
LIC PAN Link 2022: Step by Step Process
- Visit Official Website of LIC
First of all log on to the official website of LIC at licindia.in
- PAN Registration
Now, select the option ‘Online PAN Registration’ present on the homepage
- Fill LIC Number
Now keep the list of your PAN card number and your LIC policy number ready for the user
- OTP
On the new page that will open, the user will have to enter the e-mail ID, PAN number, mobile number, policy number and click on ‘Get OTP’ after entering the captcha.
- Submit Application
As soon as it is submitted, the message of successful linking of LIC policy with PAN will come.
There is a lot of enthusiasm among the investors about this IPO. The company will create a separate digital vertical to increase market share while reducing dependence on its agents. The market share of LIC has declined from 68.05% to 61.4% in terms of premium income. LIC has lost around 13 percentage points in market share compared to private life insurance companies since June 2020. This is the biggest ever IPO in the country, through which it is proposed to raise Rs 63,000 crore by selling 5 per cent stake of the government through offer for sale.
