The much-awaited LIC IPO is finally here and will be open for subscription soon. The good news is, the government has reserved 10% quota exclusively for existing policyholders and there are reports indicating up to 5% discount for them.
And what's more interesting is, in a first-of-its-kind, LIC has decided to create a 10% quota exclusively for existing policyholders and there are also reports indicating up to 5% discount for policyholders.
Here's a quick guide on how policyholders can be ready for LIC IPO. Two prerequisites to be eligible under the Policyholder category are -
- PAN Details has to be updated in LIC records
- Have a Demat Account with the same PAN which is linked to LIC Policy
Essentially, both the DEMAT Account and LIC Policy have to be associated with the same PAN Number.
How to link PAN to LIC policy for existing policyholders?
Step 1: Visit - https://linkpan.licindia.in/UIDSeedingWebApp/
Step 2: Fill the form with details such as Date of Birth, Email ID, PAN, Mobile Number, Policy Number, etc
Step 3: Check the tick-box to agree to T&C. Enter the captcha code and click on the 'Get OTP' button. Verify the OTP to complete the process.
Please Note: You must update your PAN Details in LIC Policy by February 28, 2022
How to verify PAN linking status ?
To verify PAN linking status, visit https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus and follow the instructions.
Open DEMAT Account:
Having a Demat account is a prerequisite to participate in any IPO. At FYERS, You can Pre-apply for IPOs even before they are open to subscription.