LIC (Life Insurance Corporation of India) is expected to come up with its IPO this year. It is a government-owned firm and India’s largest life insurance company. Currently, the LIC is planning to provide benefits to its policyholders. If you are a policyholder and want to invest in LIC IPO, keep some of the points in mind to get eligible. Certain details are needed to be updated on the portal by the policyholders to invest in LIC IPO.
How to link PAN with LIC policy
Basic requirements for applying in LIC IPO if you are a Policyholder.
Currently, there are two major requirements for getting eligible for the IPO under the category of being a policyholder:
● The details of their PAN Card should be updated on the portal, and it should be connected to the policy.
● A valid Demat account is mandatory for the policyholder.
If you are interested in applying for the LIC IPO, you need to link your pan card with the policy you hold. Here are the steps to link your pan card to the existing policy.
- Visit the official website of LIC www.licindia.com.
- You will be redirected to the homepage; there is an “Online PAN registration” button; click on the same.
- You need to fill in the existing information of your policy like the date of birth, email ID PAN, name as per PAN, mobile number, and policy number.
- If you are multiple policyholders, you can add all your policy numbers.
- You will receive an OPT for the same for verification purposes. The OTP will be received on the number registered/linked with your policy.
- After completing the authentication, you can easily check the status of your update.
- Updates can be checked by clicking on the button “Online Checking Policy PAN Status” on the website itself.
Moreover, you can visit any broker or sub-broker who can provide relevant information on applying for the IPO. They will not only provide information but assistance for the same.
Demat Account to invest in LIC IPO
Another important requirement for the IPO application is a valid Demat account. If you are an existing policyholder with a linked Pan card, you need a Demat account. If you don’t have a Demat account, you can apply for the same. There are different leading stock broking firms in the market that offer Demat accounts. For more information, go through “Best Demat Account in India.”
Point to note:
- The IPO isn’t limited to the policyholder, and the one without a policy can still apply for the IPO under the relevant investment category- retail or institutional.
- If you contact the LIC agent, you can ask for all the relevant information and updates.
In conclusion, this article sums up the required documents for the upcoming LIC IPO for the policyholders to invest in LIC IPO. For any new updates about the article, keep visiting the page. Always look for the pros and cons before applying for the IPO.