How To Buy LIC IPO 2022 (As LIC Policy holders)

How To Buy LIC IPO

How to buy LIC IPO is the question the policyholders are keen to know as the initial public offering is about to file its draft papers with market regulators, SEBI in the coming week. 

The Finance Minister Smt. Nirmala Sitharaman in her 2022-23 Budget speech had said that the public issue of the LIC is expected soon. With the last quarter of the financial year is about to end, there is an eagerness for the mega initial public offering of LIC. The government is likely to file DRHP for LIC IPO by next week. 

There is a special percentage of quota for LIC policyholders too. As per reports, up to 10 percent of the issue size would be reserved for policyholders.

If a LIC policyholder would want to participate in the upcoming IPO, he or she needs to have two things, one is a PAN account linked to their LIC policy account, and a Demat account. In order to participate in LIC IPO as a policyholder, policyholders need to ensure that their PAN details are updated and linked. 

How To Buy LIC IPO For Policyholders With PAN details and Demat account, isn’t it the next thing that comes is how to buy LIC IPO? Termed to be the biggest ever IPO to hit the exchanges, the craze is unmatchable with some even buying new policies to be eligible for the mega IPO. So let us look at the steps to link the PAN card and updating process step by step for existing and new policyholders.

1) Check PAN availability status in Policy

Go To https://licindia.in/Home/Online-PAN-Registration

Enter your Policy Number, 

Date Of Birth(dd/mm/yyyy), and PAN Number in the required fields. 

Enter the Captcha in the designated box. 

Click on Submit. 

After clicking on submit, the next page will show the status of your LIC policy and PAN link. 

 2) Link PAN With Your Policy Number

Go to https://licindia.in/Home/Online-PAN-Registration 

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

Select your Gender. Enter Email Id, PAN Number, 

Full Name as per PAN, and mobile number in the required fields. 

Enter Policy Number and click Add Policy once you enter the policy number. 

Click on the self-declaration checkbox ( I hereby submit my PAN……..). 

Enter Captcha in the designated box. 

Click on Get OTP. Once you enter the OTP received on the registered mobile number and Email Id, the next page will link your PAN Card with your policy number.