LIC ipo 2022 is upcoming ipo, lic of India was incorporated on 1st September 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959, and Insurance Regulatory and Development Authority Act 1999. As on 31st March, 2016, LIC has 8 Zonal Offices, 113 Divisional Offices, 2048 Branch Offices, 73 Customer Zones, 1401 Satellite Offices, and 1240 Mini Offices in India.
In Budget 2020 our Finance Minister Smt Nirmala ji announced initial public offering of life insurance corporation of India. The Cabinet Committee on Economic Affairs approved the IPO in July 2021. The centre is set to list LIC on the stock exchanges to help meet disinvestment targets for the year. The GOI is planning to raise funds up to Rs 1 lakh crore through this IPO. The listing of LIC is expected in the march 2022, Government already appointed merchant bankers for appropriate valuation of company.
As per various media reports government received all reports from bankers regarding valuation of LIC, this is expected ipo will hit the Indian stock market on 1st march 2022 and investors have to apply within week. This ipo will be India’s largest ever and expected to hit the show successfully. Every Indian eagerly waiting for lic ipo as everyone expects decent return form listing price. Even government already announced 10 percentage quota for exiting lic policy holders.
LIC IPO Policy Holder Category Benefits
“Policyholder” is a new category introduced for the LIC IPO, this category will have up to 10% of the issue reserved for the customers who hold policies of LIC. To be eligible for making an application under the policyholder’s category;
- Your PAN has to be updated in the LIC records.
- The PAN used for LIC policies has to be the same as that registered with your demat account.
Link PAN with LIC POLICY
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LIC of India was incorporated on 1st September 1956 by amalgamating 243 Companies by the Act of Parliament called Insurance Act, 1956. LIC is governed by the Insurance Act 1938, LIC Act 1956, LIC Regulations 1959, and Insurance Regulatory and Development Authority Act 1999. As on 31st March, 2016, LIC has 8 Zonal Offices, 113 Divisional Offices, 2048 Branch Offices, 73 Customer Zones, 1401 Satellite Offices, and 1240 Mini Offices in India.
In Budget 2020 our Finance Minister Smt Nirmala ji announced initial public offering of life insurance corporation of India. The Cabinet Committee on Economic Affairs approved the IPO in July 2021. The centre is set to list LIC on the stock exchanges to help meet disinvestment targets for the year. The GOI is planning to raise funds up to Rs 1 lakh crore through this IPO. The listing of LIC is expected in the march 2022, Government already appointed merchant bankers for appropriate valuation of company.
As per various media reports government received all reports from bankers regarding valuation of LIC, this is expected ipo will hit the Indian stock market on 1st march 2022 and investors have to apply within week. This ipo will be India’s largest ever and expected to hit the show successfully. Every Indian eagerly waiting for lic ipo as everyone expects decent return form listing price. Even government already announced 10 percentage quota for exiting lic policy holders.
LIC IPO Policy Holder Category Benefits
“Policyholder” is a new category introduced for the LIC IPO, this category will have up to 10% of the issue reserved for the customers who hold policies of LIC. To be eligible for making an application under the policyholder’s category;
- Your PAN has to be updated in the LIC records.
- The PAN used for LIC policies has to be the same as that registered with your demat account.
LINK PAN WITH LIC POLICY
To update your PAN with your LIC policy:
- Visit this page.
- To complete the process. You will need your PAN, along with the list of policies you hold. Click on “Proceed” at the bottom of the page.
- On the next page; Enter your Date of Birth, as per PAN, Gender, Email ID, PAN, Full name as per PAN, Mobile number, Policy Number (In case you hold multiple policies, click on “Add Policy” and proceed to enter another policy number)
- Click on the deceleration checkbox
- Enter the captcha.
- Click on the “Get OTP” option.
- Once you receive OTP on your registered mobile number, enter the OTP and click on “Submit”
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