Life Insurance Corporation (LIC) has filed draft papers with SEBI for the sale of 5% stake by the government. The initial public offering of over 31.6 crore shares or 5% government stake is likely to hit D-Street in March. LIC has reserved not more than 5% for its eligible employees and 10% for its policyholders. “The total reservation for eligible policyholders should not exceed 10 per cent of the size of the proposal,” the DRHP said.
LIC policyholderThose who wish to bid under the reserved quota have been asked to link their policy with PAN number. LIC has declared 28 February as the last cut-off date for linking the policy with PAN. Policyholders will be considered ineligible to apply under the reserved quota if they fail to comply with the deadline.
LIC policyholders and employees will also be given a discount on the minimum cost. The quantum of discount will be intimated at least two days prior to the opening of the bids.
PAN Linked Policy Number: Here’s How To It
1. Visit the official website of LIC – https://licindia.in/
2. Select the Online PAN Registration option from the home page and then select ‘Click Here’.
3. On the next window, read the instructions regarding the documents you need. Then, click ‘Proceed’
4. Now, provide your details, which include PAN, LIC policy number, mobile number and email address. Fill the Captcha in the prescribed box
5. Request an OTP from your registered mobile number
6. Enter the OTP in the Portal and then Submit
Also, policyholders who are not well versed with the technology can ask their agents to do the same.
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