LIC PAN link deadline: Last date for policyholders to update PAN to apply for IPO

Life Insurance Corporation of India (LIC) had asked its customers to update their PAN details with LIC policy to participate in the upcoming LIC IPO. The last date to update PAN is February 28, 2022.

A policyholder who does not update his or her PAN before February 28, 2022 will be ineligible to invest in the LIC IPO under the amount allocated for policyholders, according to the LIC DRHP filed with SEBI.

According to the LIC DRPH, “A policyholder of our Corporation shall ensure that his / her PAN details are updated in the policy records of our Corporation at the earliest. A policyholder who has not updated his / her PAN details with our Corporation before expiry of two weeks from the date of the filing of this Draft Red Herring Prospectus with SEBI (i.e., by February 28, 2022) shall not be considered as an Eligible Policyholder.”


Employees will get a portion of the stock not to exceed 5% of the total offer that is set aside for them. A part of the proceeds, not to exceed 10%, will be set aside for qualified policyholders. Policyholders and employees are likely to receive discounted shares.

How to update PAN details on LIC website
Step 1: Visit the official LIC website https://licindia.in/
Or visit the page directly- https://linkpan.licindia.in/UIDSeedingWebApp/
Step 2: From the home page, select the 'Online PAN Registration' option.
Step 3: On the Online PAN Registration page, tap the 'Proceed' button.
Step 4: Provide correct email address, PAN, mobile number and LIC policy number.
Step 5: Enter the Captcha code in the box.
Step 6: Click on 'Get OTP'
Step 7: Once you've received the OTP, input the OTP digits into the space provided for it on the portal and submit.

How to check PAN-LIC status
Step 1: Visit https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
Step 2: Enter Policy Number, Date of Birth, and PAN information, as well as the captcha. Then press the Submit button.

Is it necessary for policyholders to have a demat account to apply for shares in the Offer?
Yes. As per SEBI ICDR Regulations, no equity share can be issued by any company in physical form and the equity shares can only be issued in dematerialized form. Hence, any one, whether policyholders or retail investors, should have a demat account for applying in the offer.

How can I link my PAN to my policy?
The easiest option is through the option made available on the website of our Corporation for updating the PAN. You need to have your PAN number, policy number, mobile number and email ID and through a very simple process, your PAN number will be updated. You may also approach our offices wherein the PAN number can be updated.

I had submitted proposal papers before the date of DRHP but received policy bond later. Am I eligible to apply?
To be eligible for reservation under the Policyholder Reservation Portion category, the policy should have been issued on or before the date of this Draft Red Herring Prospectus and should not have exited by way of surrender, maturity or death claim on the Bid/Offer Opening Date.