LIC IPO on mind? Know how to link PAN, Aadhaar with LIC policy first

LIC IPO: You need to link your PAN and Aadhaar with LIC Policy in order to participate in LIC IPO. Check the steps to do it online.

LIC IPO: Here is how to link PAN and Aadhaar with LIC Policy. (Reuters)

The Life Insurance Corporation of India (LIC) is all set to bring the country's largest initial public offering (IPO). The draft red herring prospectus (DRHP) has been filed by the central government with the Securities and Exchange Board of India (SEBI) for the same. The government is currently 100 percent owner of LIC and has proposed to divest 5 percent of equity through the offer for sale (OFS). Now the policyholders are eagerly waiting and looking forward to participate in the IPO of the company. But for all those who have LIC IPO on mind, should know how to link Aadhaar with LIC policy first or else they will not be eligible to participate.

The government has already specified that LIC shares will be offered to policyholders at a discount. "Under the retail window, certain reservation is there. We also have a policyholders' window. We have made provisions under the LIC Act that up to 10% of the issue can be offered to policyholders at some discount on the competitive basis. There will be reservation for employees also," said department of investment and public asset management (Dipam) secretary Tuhin Kanta Pandey.

However, in order to participate in the IPO, you will have to get your PAN card, Aadhaar card linked with your LIC policy. You also need to have a Demat account. Here is how you can link your PAN and Aadhaar with LIC Policy.

How to link PAN with LIC Policy:

Step 1: Visit the official website of LIC or click on the link https://licindia.in/.

Step 2: From the homepage, select the 'Online PAN Registration' option.

Step 3: On the Online PAN Registration page, you will have to tap the 'Proceed' button.

Step 4: You will then have to provide your email address, PAN, mobile number, and LIC policy number.

Step 5: Now, enter the captcha code into the box.

Step 6: Request an OTP from your registered mobile number.

Step 7: Enter the OTP on the portal and submit.

Step 8: As you will submit the form, a message will be shown on the success of the registration request.

How to link your Aadhaar with LIC policy

Time	Tools	Supplies
5 Minutes	Smartphone Laptop Desktop	Updated browser Internet

Step 1:

Go to the official website of LIC- www.licindia.in.

Step 2:

Then, click on the option reading “Link Aadhaar and PAN to policy”.

Step 3:

Then read the details provided and click on “Proceed”.

Step 4:

Enter your name as mentioned in the Aadhaar, date of birth, gender, and Aadhaar number.

Step 5:

Now, enter your email ID, PAN number, mobile number linked to the Aadhaar number and the policy number.

Step 6:

After this you need to provide captcha and click on "Get OTP" tab.

Step 7:

Now enter the OTP received. After this a message will pop up on the screen about the successful linking of Aadhaar and policy.