All Questions About LIC IPO

All Questions About LIC IPO Answered For Policyholders


All Questions About LIC IPO Answered For Policyholders

1) Discount for Policyholders?
LIC has reserved 10% of the issue size for its Policyholders and 5% for its Employees.

2) If you have Multiple Policies?
You can add all policy numbers and after OTP Authentication, you check-update by clicking on “Online Checking Policy PAN Status” on LIC Website.

3) If you have No Existing Policy?
Top-Down Approach
Bottom-Up Approach

4) Bidding Under Policy reservation Policy
Policyholders bidding under the ‘Policyholder Reservation Policy' can bid through Application Supported by Blocked Amount(ASBA) and UPI.

5) Deadline for Linking PAN with Policy
Life Insurance Corporation of India (LIC) has asked all its policyholders to update their PAN Details by 28th February.

6) Is There a Lock-In Period
There is No Lock-In Period, and policyholders can sell equity shares immediately after listing.

7) Maximum Amount Eligible
Eligible Policyholders can apply for such a number of equity shares in multiples such that the bid amount does not exceed Rs.2,00,000 (net of policyholder discount).


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