LIC IPO For Policyholders: Link Your PAN Card With Policy2 min read
Countdown has already begun for the LIC IPO. The IPO is likely to go live in March.
And if you have purchased an LIC policy before 13th Feb’2022, you are eligible to apply for the LIC IPO under policyholder category – and the limit of investment would be 2 lakhs. A discount on the base price is also expected for this category of investors.
Why apply under the Policyholder category?
You can invest separately under this category, over and above retail application. This will increase your chances of getting an allotment.
LIC has announced 28th February as the last cut-off date for the linking of the policy with the PAN. You can’t apply under the policyholder category if your PAN card isn’t linked. Here’s how you can link it within minutes:
#1 You can go to LIC India’s portal to update your PAN, Date of Birth, Policy Number and Email ID.
#2 This is to ensure that you are KYC compliant to apply under the policyholder category.
#3 You can check whether your PAN is registered with your policy by visiting the LIC website: https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus?
#4 If you are facing any issue, you can also reach out to your LIC agent for assistance.
Does Paytm Money support the Policyholder category?
Yes, you can apply under this category on Paytm Money, and the process to apply is very seamless. All you have to do is select the policyholder category and then place your bid.
“Disclaimer – Investment in securities market are subject to market risks, read all the related documents carefully before investing. Account would be opened after all the procedures relating to IPV and client due diligence are completed. Source: https://licindia.in/. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532. NSE (90165), BSE(6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi –110019. For complete T&C and Disclaimers visit Paytm Money IPO T&Cs