If you are a LIC policyholder and want to invest in the IPO of this country’s largest insurance company, then it will be necessary for you to update your PAN. LIC has reserved 10% of the issue size of its IPO for policyholders. LIC has said that in order to apply for IPO, policyholders will have to check whether the correct PAN information has been given or not. According to the LIC website, if the policyholders want to apply for the IPO, then they will be required to update the PAN. LIC is also promoting it through an advertisement on its website.
LIC has said in a public notice, “To participate in the IPO, policyholders have to ensure that their PAN is correct in the records of the company. Also, it is important to mention that to participate in any IPO in India, it is mandatory for the investor to have a demat account. If you want to enter your PAN correctly in the records of LIC, then follow these steps –
1. First of all go to the official website of LIC https://licindia.in/
2. Here you will get the option of online PAN registration. select it
3 As soon as the online PAN registration page is opened, it will be written – Proceed. Click on it. Select the ‘Proceed’ button on the registration page.
4. Enter your email address, PAN, mobile number and LIC policy number.
5. Enter the captcha code in the box.
6. Request to send OTP from your registered mobile number.
7. As soon as the OTP is received on your registered mobile number, submit it.
8. After submitting the message of successful registration will come.
Check whether PAN is updated or not
You can also check whether your PAN has been updated in the records of LIC. These are the steps for this-
1. Go to the link https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
2. Enter policy number, date of birth and PAN details and captcha. then click submit
3. Your information will be exposed.
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What did the Finance Minister say on LIC IPO?
Finance Minister Nirmala Sitharaman recently said that LIC’s IPO will come in the current financial year (2021-22). LIC has decided to sell its 10% stake. It is expected to get 10 lakh crore rupees. If the government also sells 5 percent stake in LIC, it will be the biggest IPO of the country so far.
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