New Delhi: Life Insurance Corporation of India has issued a public notice to all the policyholders of LIC of India regarding subscription to the upcoming IPO of the company.
“As you may be aware by now, the Government of India, in the interest of the policyholders of LIC, has passed an amendment in the LIC Act, 1956, allowing the Corporation to make reservations in favor of its policyholders on a competitive basis, at any time during the period of five years from the commencement of section 131 of the Finance Act, 2021, i.e. five years from the 30th day of June, 2021, as one of the categories reserved in any public offering that the Corporation may take in future , subject to necessary approvals,” LIC said.
The insurance giant said that in order to participate in any such public offering, policyholders will have to ensure that their wok The details are updated in the records of the corporation. Further, subscribing to any public offering in India is possible only if you have a valid Demat account – accordingly, policyholders should ensure that they have an active Demat account.
In the interest of our policyholders, LIC stated that it is running advertisements calling for policyholders to update PAN in LIC records.
In case you have not yet provided this information to the Corporation, LIC urges policyholders to do so at the earliest as it is very important from the point of view of KYC, as well as your ability to participate in the proposed scheme. Public Offering by LIC , as and when it happens.
Here is the process to update your PAN details online with LIC
1. Visit the Corporation’s website www.licindia.in Or https://licindia.in/Home/Online-PAN-Registration
2. Keep your policy number, PAN, date of birth and e-mail ID ready, which will be required to be entered while updating your PAN.
3. You can update the records of all your LIC policies using the above link.
4. You can also check whether your PAN is registered in your policy by visiting the website of the Corporation www.licindia.in Or https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus ,
Alternatively, you can also approach your LIC agent for assistance.
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