News reports say that the Life Insurance Corporation of India will be launching a large IPO next week. Going by what’s been reported so far, this IPO is already shaping up to be the largest of its kind on record for the Indian market.
One of the most anticipated IPOs for this year is that of LIC. Reports state that the LIC IPO will open for subscription through anchor investors on March 11 and other types of investors in coming days. LIC introduced a new category for the IPO called “Policyholder”, where up to 10% of the issue is reserved for LIC customers who have policies. To apply in the policyholder category, you must fulfil two conditions: you must have purchased your LIC policy on or before February 13th, 2022, and your PAN must have been mapped to your LIC policy on or before February 28th, 2022.
To update your PAN with your LIC policy, Visit this page.
