10 Benefits for LIC Policyholders, LIC Employees & Retail Investors in LIC IPO

If you are planning to apply LIC IPO (India’s Biggest IPO) and you are a LIC Policyholder or LIC Employees or Retail Investors so you must know 10 Benefits for LIC Policyholders, LIC Employees & Retail Investors in LIC IPO. In 2022-2023 budget officials announced that, up to 10 per cent of the LIC IPO issue size would be reserved for its policyholders. LIC officials inform to its policyholders to update their PAN card details, so they can avail the advantage in the proposed public offer.

10 Benefits for LIC Policyholders, LIC Employees & Retail Investors in LIC IPO
10 Benefits for LIC Policyholders, LIC Employees & Retail Investors in LIC IPO

If you are a LIC policyholder and going to apply for upcoming LIC IPO then you need a Demat account and also your PAN card details must be updated on your policy records.

10 Benefits in LIC IPO for LIC Policyholders, LIC Employees & Retail Investors

  1. An LIC policyholder can invest up to Rs. 2 lakh in this IPO, while a LIC employee can invest up to Rs. 2 lakh.
  2. Only when their LIC policy and PAN are connected can LIC policyholders get the 10% quota set aside for them. By checking in to the direct LIC connection, they can check their PAN and LIC policy linkage status online.
  3. Only policyholders who purchased LIC policies on or before February 13, 2022 would be eligible to apply under the policyholders’ quota.
  4. Under the retail category, both LIC policyholders and LIC employees are allowed to apply.
  5. An LIC policyholder can invest up to Rs. 2 lakh in this IPO, while a LIC employee can invest up to Rs. 2 lakh.
  6. A policyholder who is not employed by LIC can invest up to Rs. 4 lakh ( Rs. 2 lakh under policyholder category, Rs. 2 lakh under retail category).
  7. The maximum investment a LIC employee can make in this LIC IPO is Rs. 6 lakh, if the person holds a LIC policy (Rs. 2 lakh under LIC employee category, Rs. 2 lakh under policyholder category, Rs. 2 lakh under retail category).
  8. A LIC policyholder can only claim quota benefit if it is the primary Demat Account holder in the case of a shared Demat Account. As a result, policyholders should only apply under the reserved quota if they are the primary Demat Account holder; otherwise, their application would be denied.
  9. Joint policyholders can apply under the policyholders’ category as long as they each have their own Demat Account.
  10. This LIC IPO allows retail investors to invest up to Rs. 2 lakh.

How can LIC Policyholders check and update PAN with LIC policy?

  1. Either go to LIC’s official website https://licindia.in/ or visit the direct page https://linkpan.licindia.in/UIDSeedingWebApp/
  2. If you go to the website, on the home page itself select the ‘Online PAN Registration’ tab
  3. In the Online PAN Registration page, tap the ‘Proceed’ button at the bottom.
  4. Thereafter, on the new page, enter date of birth, gender, email id, PAN, full name as per PAN, mobile number, and LIC policy number.
  5. Click the declaration checkbox.
  6. Enter the captcha into the box.
  7. From your registered mobile number, request an OTP.
  8. On receiving the OTP, key in the digits into the portal and submit.

LIC IPO FAQs

What is LIC IPO?

LIC IPO is a main-board IPO of 316,249,885 equity shares of the face value of ₹10 aggregating up to (not announced) Crores. The issue is priced at (not announced) to (not announced) per equity share. The minimum order quantity is not announced.

The LIC IPO open and close dates are not available as of now. KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When LIC IPO will open?

The LIC IPO dates are not announced. Please check back again after some time.

What is the lot size of LIC IPO?

The LIC IPO dates are not announced. Please check back again after some time. LIC IPO lot size and the minimum order quantity are not available at this time. Please check again. The LIC IPO dates are not announced. Please check back again after some time.

How to apply for LIC IPO?

You can apply in LIC IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When is the LIC IPO listing date?

LIC IPO listing date is not yet announced. The tentative date of the LIC IPO listing is (not announced).

When is LIC IPO allotment?

The finalization of Basis of Allotment for LIC IPO will be done on (not announced), and the allotted shares will be credited to your Demat Account by (not announced).