The linking between a PAN and LIC policy is mandatory for policyholders to become eligible to participate in the upcoming LIC's IPO and avail discount over the floor price.
Policyholders of Life Insurance Corporation of India (LIC) will have to link or update the Permanent Account Number (PAN) details in their policy records by February 28 to participate in the upcoming Initial Public Offering (IPO) of LIC.
Linking between PAN and LIC policy for policyholders to become eligible to participate, according to the draft red herring prospectus (DRHP) filed by the country's largest insurer with the markets regulator, Securities and Exchange Board of India (SEBI). mandatory. Upcoming LIC IPO and avail discount on floor price.
"The policyholder of our corporation shall ensure that his/her PAN details are updated in the policy records of our corporation at the earliest," the LIC IPO draft paper said.
"A policyholder who has not updated his/her PAN details with our Corporation before the expiry of two weeks from the date of filing of this DRHP with SEBI (i.e., by February 28, 2022) shall not be treated as an eligible policyholder. Will go," according to DRHP.
Policyholders need to keep their PAN card handy along with the list of policies.
The mobile number to be entered must be in active mode. An OTP will be sent to the mobile number entered by LIC.
After submitting the form, a message will be shown on the success of the registration request.
You have to visit the official website of LIC - https://linkpan.licindia.in/UIDSeedingWebApp/.
Once you reach the page, you need to enter the details like date of birth, gender, PAN details, full name as per PAN, mobile number and policy number which you want to link.
You have to click on "Get OTP".