How To Update PAN Details With LIC: Important To Invest In LIC IPO

The Life Insurance Corporation (LIC), a public sector insurer is set to be the biggest IPO in the country, and the union government is aiming to raise Rs. 90,000 crore ($12.2 billion) from the company's stake sale. Common citizens of the country along with the existing policyholder will soon be able to buy LIC's shares. The LIC IPO listing is expected to be by the end of March 2022. For that purpose, LIC has urged its policyholders to update their PAN details with the corporation's database now.

How to update PAN with LIC Database

To link the PAN with LIC policies, one has to log in to the official website of LIC, at https://licindia.in/

(Also read: LIC Urges Customers To Link PAN With LIC Policies: Check How)

However, if your PAN details are not available in the LIC database, the corporation has mentioned the policy do that.

1) You need to open the official LIC website, at https://licindia.in/

2) On that website, you will have to go to the 'Online PAN Registration' option, and then click on the 'Proceed' bar.

3) Here you are required to enter your basic details, like existing and operating Email address, PAN details, mobile number, and your existing LIC policy number.

4) After filling this window, you will find a Captcha code below; enter the code correctly.

5) Then, the page will send an OTP to your registered mobile number with LIC. Fill up the received OTP on the website, and click on the 'Submit' bar.

This is how you can update your PAN details with the LIC database easily, from anywhere, digitally.

Check PAN linking status

To check your PAN linking status with LIC you can visit the official site, mentioned below:
https://linkpan.licindia.in/UIDSeedingWebApp/getPolicyPANStatus
On this page, enter your Policy Number, Date of Birth, PAN details, and the captcha code. Then click on submit to check the PAN linking status.

Regarding the LIC IPO listing, the corporation stated officially, "In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporation's records. Further subscribing to any public offering in India is only possible if you have a valid DEMAT account."

(Also read: How To Buy LIC's Shares: Update PAN And Demat Account Details)