How to link PAN to LIC policy for existing policy holders?
The Life Insurance Corporation of India (LIC) is getting ready to launch India's largest IPO. It has already filed the DRHP with the SEBI. According to the DRHP, up to 10% of the issue size of this IPO will be reserved for the policyholders.
If you are an LIC policyholder and intend to subscribe to the upcoming IPO, you need to update your PAN on the LIC website.
You will need to keep your PAN card and your LIC policy number handy.
Here's a step-by-step guide to link your PAN with the LIC policy.
Step 1: Visit the LIC website
- Click on the following link: https://linkpan.licindia.in/UIDSeedingWebApp/
- A form will appear on your window titled - ‘Link PAN With Your Policy’
Step 2: Fill in the following details in the form
- Date of birth (as stated in your PAN card)
- Gender
- Email id
- PAN card number
- Full name (as mentioned in your PAN card)
- Mobile number
- Policy number (click on the Add policy button after entering your policy number)
Step 3: Submit the form
- Check the tick-box below the form to give your consent.
- Enter the captcha code.
- Click on the ‘Get OTP’ button.
Step 4: Verification
- An OTP would be sent to the mobile number you entered in the form.
- Verify the OTP.
Your LIC policy account will now be linked to your PAN!
To check whether your PAN is linked to the policy, take the following steps:
Step 1: Click on the following link- https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
Step 2: A form will appear on your screen titled - ‘PAN availability status in Policy’
Step 3: Fill out the following details in the form:
- Policy number
- Date of birth
- PAN card number
Step 4: Enter the captcha.
Step 5: Submit the form by clicking on the ‘Submit’ button.
Now, you will be able to see your PAN card and LIC link status.
Please note
If you are an LIC policyholder, you need to update your PAN on the LIC website to ensure that you are compliant with the KYC norms. Further, having a demat account is a prerequisite to participate in any IPO, including the LIC IPO which is expected to be the country’s largest to date.
To open a demat account with Upstox, click here.
For date, price and timeline details on the LIC IPO, click here. Also, for company information, news, updates and application process related to the LIC IPO, click here.
Disclaimer
Investment in securities markets is subject to market risks; please read all the related documents carefully before investing.
Details provided in the above article are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.