LIC IPO: Policyholders can't apply under quota without linking PAN with policy - Direct link; step-by-step guide

Life Insurance Corporation of India (LIC) has clearly said that every LIC policyholder shall have to ensure that his/her PAN details are updated in the policy records of the Corporation on or before 28th February 2022 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue.

How policyholders can update PAN to be able to apply under quota - Direct link and step by step guide

The PAN updation can be done on LIC website either directly or with the help of LIC agents: 

Direct link - https://licindia.in/Home/Online-PAN-Registration

STEP BY STEP GUIDE

1  Log on to https://licindia.in/Home/Online-PAN-Registration

What all you need 

- Keep your PAN card handy along with the list of policies.

- Mobile Number is to be entered - An OTP will be sent by LIC to the Mobile number entered.

- After submitting the form, a message will be shown on the success of the registration request.

2 Enter Date Of Birth(dd/mm/yyyy) as per PAN

3 - Enter Gender Male /Female/ Other

4 Enter Email Id

5 Enter PAN 

6 Enter Full Name As Per PAN

7 Mobile Number

8 Enter Policy Number (Please click Add Policy once you enter policy number)

9 Click on disclaimer -  "I hereby submit my PAN as issued by Income Tax Department, Government of India and voluntarily give my consent to link my PAN to all my LIC Policies mentioned above. I also give consent for verification of my PAN with Income Tax Department through DigiLocker. LIC of India has informed me that my PAN details would only be used for validation, e-KYC purpose and for all service aspects related to LIC of India. I will not hold LIC of India or any of its officials responsible in case of any incorrect information provided by me. I also authorize LIC to use my mobile number and email id as mentioned above for sending communications."

10 - Enter Captcha

11 - Get OTP

LIC IPO Quota for Policyholders: 

- The aggregate of reservations for Eligible Policyholder(s) shall not exceed 10% of the total Offer size. 

- The portion of the Offer available for allocation to Eligible Policyholder(s), on a proportionate basis subject to the receipt of necessary approvals from the Government of India.