Complete These Must Tasks To Participate In The LIC IPO

The government-owned Life Insurance Corporation of India (LIC) is the country's largest life insurance company, and it is planning an initial public offering (IPO) in which it would sell a portion of its stock to the general public.

The government is anticipated to generate enough cash to satisfy its Rs 78,000-crore divestiture objective for 2021-22 if LIC brings its public offering at a value of approximately Rs 12 lakh crore to Rs 15 lakh crore.

The Insurance Regulatory and Development Authority of India (IRDAI) has authorized LIC India's proposal to conduct an IPO of shares. According to Bloomberg on February 10, 2022, the government is planning to sell a 5% interest in the LIC. When the IPO is launched, it will be the largest in the country's history.

As an investor, if you want to invest in the upcoming mega LIC IPO, you need to complete a few things that are must to participate in the IPO. If you are a LIC policyholder and wants to apply through LIC IPO "Policyholder" Category, you need to check these things:

1. On the LIC site, the policyholder's PAN should be updated.
2. You only can apply for IPO through a Demat account.
3. Your LIC policy is linked with your Aadhaar Number.
4. Link You Pan with LIC policy.
5. Update your Informations on the LIC policy.
6. Check the status of the PAN and LIC link