Life Insurance Corporation of India (LIC) has asked its customers to update their PAN details in the LIC policy to participate in the initial public offering (IPO) of the upcoming government insurance company.
Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC)
Life Insurance Corporation of India ,LIC, Initial Public Offering of an upcoming government insurance company to its customers (IPO) You are asked to update your PAN details in the LIC policy to participate in this. pan update (PAN) The last date to do so is 28 February 2022. A policyholder who does not update his/her PAN before February 28, will not be eligible to invest in the IPO under the amount allotted to the policyholders in LIC IPO. SEBI (Sebi) This information has been received from the DRHP of LIC filed with.
As per the draft prospectus of LIC, the policyholder of our corporation has to ensure that his/her PAN details are updated in the policy records of the company. According to this, a policyholder who does not update the PAN details before the expiry of two weeks from the date of filing of the draft red herring prospectus with SEBI, i.e. before 28 February 2022, will not be considered as an eligible policyholder.
Employees will get a share of the share, not exceeding five per cent of the total offer, which is set aside for them. Part of the amount, which cannot exceed 10 per cent, will be set aside for qualified policyholders. Policyholders and employees are expected to get discounted shares.
How to update PAN details on LIC website
Step 1: First of all, go to the official website of LIC- https://licindia.in/. Or directly go to the page- 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, click on the ‘Proceed’ button. Step 4: Provide the correct email address, PAN, mobile number and LIC policy number. Step 5: Enter the captcha code in the box. Step 6: Then, click on Get OTP. Step 7: Once you have received the OTP, enter the OTP digit in the space and submit.
How to Check PAN-LIC Status
Step 1: First of all, go to this link https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus. Step 2: After this, enter the captcha along with the details of the policy number, date of birth and PAN. Then, click on the submit button.