Getty ImagesLife Insurance Corporation of India (LIC) had asked its customers to update their PAN details with LIC policy to participate in the upcoming LIC initial public offer (IPO). The last date to update PAN is February 28, 2022.
A policyholder who does not update his or her PAN before February 28, 2022 will be ineligible to invest in the LIC IPO under the amount allocated for policyholders, according to the LIC DRHP filed with SEBI.
According to the LIC DRPH, “A policyholder of our Corporation shall ensure that his / her PAN details are updated in the policy records of our Corporation at the earliest. A policyholder who has not updated his / her PAN details with our Corporation before expiry of two weeks from the date of the filing of this Draft Red Herring Prospectus with SEBI (i.e., by February 28, 2022) shall not be considered as an Eligible Policyholder.”
Employees will get a portion of the stock not to exceed 5% of the total offer that is set aside for them. A part of the proceeds, not to exceed 10%, will be set aside for qualified policyholders. Policyholders and employees are likely to receive discounted shares.
How to update PAN details on LIC website
Step 1: Visit the official LIC website https://licindia.in/
Or visit the page directly- https://linkpan.licindia.in/UIDSeedingWebApp/
Step 2: From the home page, select the 'Online PAN Registration' option.
Step 3: On the Online PAN Registration page, tap the 'Proceed' button.
Step 4: Provide correct email address, PAN, mobile number and LIC policy number.
Step 5: Enter the Captcha code in the box.
Step 6: Click on 'Get OTP'
Step 7: Once you've received the OTP, input the OTP digits into the space provided for it on the portal and submit.
How to check PAN-LIC status
Step 1: Visit https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
Step 2: Enter Policy Number, Date of Birth, and PAN information, as well as the captcha. Then press the Submit button.
A policyholder who does not update his or her PAN before February 28, 2022 will be ineligible to invest in the LIC IPO under the amount allocated for policyholders, according to the LIC DRHP filed with SEBI.
According to the LIC DRPH, “A policyholder of our Corporation shall ensure that his / her PAN details are updated in the policy records of our Corporation at the earliest. A policyholder who has not updated his / her PAN details with our Corporation before expiry of two weeks from the date of the filing of this Draft Red Herring Prospectus with SEBI (i.e., by February 28, 2022) shall not be considered as an Eligible Policyholder.”
Employees will get a portion of the stock not to exceed 5% of the total offer that is set aside for them. A part of the proceeds, not to exceed 10%, will be set aside for qualified policyholders. Policyholders and employees are likely to receive discounted shares.
How to update PAN details on LIC website
Step 1: Visit the official LIC website https://licindia.in/
Or visit the page directly- https://linkpan.licindia.in/UIDSeedingWebApp/
Step 2: From the home page, select the 'Online PAN Registration' option.
Step 3: On the Online PAN Registration page, tap the 'Proceed' button.
Step 4: Provide correct email address, PAN, mobile number and LIC policy number.
Step 5: Enter the Captcha code in the box.
Step 6: Click on 'Get OTP'
Step 7: Once you've received the OTP, input the OTP digits into the space provided for it on the portal and submit.
How to check PAN-LIC status
Step 1: Visit https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
Step 2: Enter Policy Number, Date of Birth, and PAN information, as well as the captcha. Then press the Submit button.
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