Business Standard

Failed to link PAN to policy? Apply for LIC IPO under retail/staff quota

Compared to Rs 60 discount under policyholder quota, you will get Rs 45 discount under these

Life insurance corporation, LIC
Premium

Photo: Bloomberg

Sanjay Kumar SinghBindisha Sarang
In the Life Insurance Corporation (LIC) of India initial public offering (IPO), a 10 per cent quota has been reserved for existing policyholders. The key benefit of applying under the policyholder reservation portion is that applicants will get a discount of Rs 60 on the IPO price.
Key prerequisites
Existing policyholders need to fulfill two main criteria to be eligible for this benefit.
“They should have linked their permanent account number (PAN) to their policy account. The last date for doing so was February 28. It has not been extended,” says Narendra Solanki, head-equity research (fundamental), Anand Rathi Shares & Stock Brokers.
Even if

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 28 2022 | 2:22 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com