How to Link Your LIC Policy with PAN to apply for LIC IPO Quota?

Check whether your PAN is linked to your LIC Policy or not. This is important as you can apply to the upcoming LIC IPO only if it is linked successfully.

by FighterMan Updated: 12 Apr, 2022, 09:21 IST
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LIC IPO promises to be the biggest Indian IPO till date with Rs 1 lakh crores estimated. It will surpass the 2nd largest Paytm IPO which was of around Rs 18k crores. The LIC IPO opening date is not announced yet, but it is believed to be coming in a few months time.

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Life Insurance Corporation of India recently declared that if LIC Policy holders (under LIC Policy Reserved Quota) want to apply for the LIC IPO  then they will have to compulsorily link their PAN with their existing LIC policies. The LIC Policy Quota reserves upto 10% shares to opt for out of the complete LIC IPO issue size. 

The reason for this LIC PAN Linking is Validation (Demat Account), e-KYC, and all other service aspects related to LIC. You can get all the details of the LIC IPO here.

If you have LIC Policies and want a share in the LIC IPO, but don’t have a demat account then you won’t be able to apply. Thus, Get a Demat Account which gets created in minutes these days. You can also apply for the LIC IPO without having an LIC Policy, but your chances to get allotment will be lesser comparatively.


Steps to Link Your LIC Policies with PAN for LIC IPO Application

1. Visit this LIC PAN Link to check if your PAN is linked to your policy or not.

2. Here, you need to provide your policy number, date of birth, and PAN number.

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3. After clicking “Submit” if you get a ‘PAN not registered’ message then you need to move ahead for linking PAN with LIC Policy else you can opt-out.

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4. Now, click on the above button (click here) to proceed further.

5. A new form will open asking for your DOB, gender, email, PAN, full name, mobile number (which is registered with your LIC policy), and policy number.

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6. After filling it you need to tick a self-declaration check box, enter CAPTCHA, and click on “Get OTP”.

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    7. Enter the OTP received on your registered mobile number. It will also show the details provided by you on the top so that you can recheck before proceeding ahead.

    8. That’s it! You will receive an acknowledgement message such as the one shown below.

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      This was all about PAN linking to LIC Policy. You can also checkout the Latest IPO News for updates on the upcoming IPOs in December 2021.

      34 Comments  |  
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      Deal Lieutenant Deal Lieutenant
      Tera_Jija wrote:

      For me it shows, “PAN details entered by you do not match with our records.” How is it possible? How to correct it?

      Someone might have committed a mistake. Whatever number u write the policy, they are not matching name, simply link it. Worst, one policy holder for dlf pramerica given my mobile number, and he is irregular in payment, I am being contacted frequently thru msgs n calls. I am fed up telling them I am not the person.

      Deal Lieutenant Deal Lieutenant
      Expand
      FighterMan wrote:

      all policies are compulsory for chance of a share in the LIC Policy Quota. 

      If you link different policy with different PAN to get more confirmed chances of allotment, later u will repent in getting it rectified at the time of redemption/maturity.

      Deal Cadet Deal Cadet

      what minimum amount is needed to apply for IPO? Around?

      Deal Cadet Deal Cadet

      Guys anyone faced issues linking and contacted agent to rectify?
      Can you tell me what to do?

      Deal Newbie Deal Newbie

      LIC already sent emails to policy holders in registered email

      replyuser
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