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LIC IPO - Deadline for policyholders to Linking PAN Card With LIC February 25 2022LIC IPO Updates

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Deadline for Policyholders to Linking PAN Card With LIC

Policyholders must have two things in order to invest in the much-anticipated LIC IPO: their PAN must be updated on the LIC portal, and they must have a demat account.

According to the LIC DRHP filed with SEBI, policyholders who do not update their PAN before February 28, 2022 will be ineligible to participate in the IPO's policyholder portion. A policyholder who has not updated his or her PAN details with our Corporation within two weeks of the date on which this Draft Red Herring Prospectus was filed with SEBI (i.e., by February 28, 2022) will not be considered an Eligible Policyholder."

   Apply for LIC IPO Online


The promoter, who owns a 100% stake in the insurance behemoth, is offering to sell (OFS) 31,62,49,885 equity shares in the initial public offering. The promoter is the President of India, acting through the Ministry of Finance of the Government of India. The retail portion of the offer has been set at 35 percent. The policyholder reservation part will be limited to 10% of the total size and may be reduced. Here's how a LIC policyholder can change their or her PAN.

How do I update My PAN in My LIC policy?

To invest in the IPO, the applicant's PAN number must be updated in the LIC policy. To participate in the LIC IPO, subscribers must link their life insurance policies to their PAN cards, according to the Life Insurance Corporation of India.

How do I change My PAN details on the LIC website?

Step 1: Go to https://licindia.in/ or go directly to https://linkpan.licindia.in/UIDSeedingWebApp/ on the official LIC website.

Step 2: Visit the home page and click on to 'Online PAN Registration.'

Step 3: Tap on the 'Proceed' button on Online PAN Registration page.

Step 4: Make a note that your email address, PAN, phone number, and LIC policy number are right.

Step 5: In the box, type the Captcha code correctly.

Step 6: Select 'Get OTP' option

Step 7: Once you've received the OTP, enter the digits into the portal's appropriate field and submit it.

How to check PAN-LIC status

Step 1: Go to https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus to verify your PAN-LIC status.

Step 2: Along with the captcha, enter your policy number, date of birth, and PAN. After that, click the Submit button.

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
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