If you are LIC policyholder and want to take advantage of reserve quota. Then you need to read How to Link PAN card with LIC policy, important points about linking PAN card with LIC policy.
The Government insurance company LIC IPO is going to be the biggest IPO in the history of India. The government is going to sell 5% stake in this IPO, in this IPO 316,249,885 crore shares of LIC IPO will be issued through offer for sale, in which 3.16 crore shares will be for the policy holder. In this IPO, 5% will be reserved for LIC employees and 10% for policy holders.
The LIC company, it has been said that its policy holders who want to buy reserve category shares, they should link PAN card with the policy. For this, time has been given till February 28 till this date those who will not be able to link PAN card with the policy, they will not get the benefit of reserve quota. Such people will be considered as ordinary retail investors. And with more bids coming in the retail category, the chances of allotment of shares in the IPO will be reduced.
In LIC’s IPO, its employees and policy holders will be given a discount on the floor price, the amount of this discount has not been given yet. The company has said that it will give information at least 2 days before the launch of the IPO. To avail this exemption, it will be necessary to link the policy with PAN card.
Let us tell that if you are a policy holder of LIC and you have to invest in LIC’s IPO, then what are the main things you have to remember so that you are ready to invest in LIC IPO. Here are some points.
- The policyholder making the investment should have an LIC policy.
- He should have a demat account. (Open Demat Account Now ” Paytm Money ” ” Upstox ” ” Groww “).
- The PAN card linked to the demat account of the investor should be linked with the LIC policy.
Here is the step by step process of linking PAN card with policy:
Step 1 – Go to Official LIC India website – https://licindia.in/
Step 2 – Click on PAN Online Registration as shown in the image below.
Step 3 – You will reach the “Link PAN with Your Policy” page where you will see 3 instructions.
Step 4 – Click on the Proceed button as shown in the image below.
Step 5 – Then a form will come in front of you which you have to fill in which you have to fill all the required fields like date of birth, gender, full name as per PAN card, mobile number and policy number. as can be seen in the image below.
Step 6 – Generate One Time Password (OTP). Submit after entering OTP.
Step 7 – Now you have successfully linked your PAN card.
How to check PAN card is linked with the policy.
Step 1 – Go to Official LIC India website – https://licindia.in/
Step 2 – Click on PAN Online Registration as shown in the image above.
Step 3 – You will reach the “Link PAN with Your Policy” page where you will see the Proceed button and the button to Check Policy PAN Status
Step 4 – Click on the Check Policy PAN Status button as shown in the image below.
Step 5 – A form will open in which you will have to fill the policy number, date of birth and PAN card number, after that submit it as shown in the image below.
Step 6 – Now whether your PAN status is successful or not will be displayed.
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