LIC Urges Customers To Link PAN With LIC Policies: Check How

The union government of India is stressing the Permanent Account Number (PAN) of the Indians immensely and has also extended the deadline for PAN-Aadhaar linking till March 31, 2022. PAN is now a mandatory tool for any investment, saving, or online transaction, and keeping that in mind, LIC Ltd. has urged the customers to link the PAN with LIC policies as soon as possible.

How to Link the PAN with LIC Policies

The investors can log in to LIC Ltd.'s official website (licindia.in.) to link PAN with the policies. LIC has kept the procedure easy that all of the customers and agents can get accustomed to the process fast. The procedure follows:

To link your PAN with LIC policies, you need to log in to the official website of LIC at licindia.in.
Select the 'Online PAN Registration' window on the homepage.
You should keep the PAN card with all the policy details ready to link.
After the Online PAN Registration window, you need to click on the 'Proceed' button.
Put your E-mail ID, PAN, mobile number, and the correct policy number.
Then enter the correct Captcha.
Then request to get the OTP which will come to the mobile number, linked with your policy.
After receiving the OTP on your mobile number, put it correctly on the portal.
Submit the filled-up form, and the page will show a window stating the success of your registration request.

This is the easy procedure to link PAN with LIC policies online.

Why is it important?

In line with the union government's lookout towards PAN, now LIC is also being concerned with the customer's authenticity and repeatedly stating that they can link the PAN with the policies online. New LIC policies are also being signed in after linking with PAN. PAN is a number that helps the government to track all your investments, income, and expenses transparently. LIC policies are tax-saving policies, and PAN has significance in the taxation system largely. So, LIC is urging their customers to link PAN with the policies that all the insurance policies and investments stay transparent and clear to each side - the investor and the government.

LIC offers affordable endowment and term insurance policies that are designed to secure the policy holder's and the nominee's future in the long term. The most popular LIC policies are Jeevan Labh, Jeevan Lakshya, Jeevan Umang, Saral Pension Plan, etc. LIC is a public sector insurance corporation in India.