If you want to Apply for LIC IPO in Policyholder Category, Check how to link PAN with LIC Policy. Read the important points about Linking PAN to LIC Policy.
LIC aka Life Insurance Corporation of India IPO is around the corner as per the market speculations. We heard about the Policyholder’s quota to apply for LIC IPO. To apply in such a category please note down a few of the steps which help you to get eligible to apply for the LIC IPO under the policyholders’ quota.
As per the current scenario, there are 5 segments in which investors can apply for the IPO.
- QIB – Qualified Institutional Buyers
- NII – Non-institutional Bidders
- RII – Retail Bidders
- EMP – Employee Bidders
- SHH – Shareholder Bidders
As per the percentage the company decides in DRHP or RHP the shares divide into the same. But as the LIC IPO is coming up and the provision to be added to get a new quota in the IPO bidding we will surely see the sixth segment to be added and should get approval from the SEBI. The sixth segment will be the policyholder’s category. Now the question is how to apply in the policyholder’s category.
Let’s talk about LIC Policyholder’s category. There are a few points to consider before participating in the same.
- The investor should have LIC Policy.
- The investor should have a Demat Account.
- The Demat Account linked PAN Card should be linked with LIC Policy.
- PAN details of the policyholder should be updated on the LIC portal.
After the points of discussion, we are here to know how to link PAN with LIC Policy. So the process is been simple. Just follow the below steps for LIC linking PAN for IPO.
Step 1. Go to LIC of India Portal – https://licindia.in/
Step 2. Click on “Online PAN Registration” – Left Side Menu under “Online Services”
Step 3. You will land on the “Link PAN With Your Policy” Page
Step 4. Read the 3 Steps given on the page
Step 5. Click on “Proceed” – Click Here for Direct Link
Step 6. Fill in the details like Date of Birth, Gender, PAN, Full Name As Per PAN, Mobile Number, Policy Number.
Step 7. The OTP will be generated, Enter the OTP and Submit.
Step 8. The registration is Done.
Step 9. To Check the LIC Link PAN Status – Click Here
It’s Easy. Now you are eligible to apply for LIC IPO under the policyholder category.