LIC Policyholders would ever ask: Is it mandatorily to link pan with LIC policy? I would say linking pan with LIC Policy will help LIC Policyholders subscribe upcoming LIC IPO at discounted price. If you are among those who have not submitted your PANCARD at the time of enrollment of LIC Policy or at later stage. You need to link your pan with LIC policy in order to apply LIC IPO in policyholder quota before LIC pan linking last date over.
3 Easiest steps How to Link PAN with LIC policy offline and online.
1. PAN link with LIC Policy at LIC Branch/ Office
If you are among those who are not tech savvy or frightened to have leaked your confidential data, you would need to submit your PAN at LIC Branch or Office. You will have to approach your LIC agent or LIC Sales Person with whom you have availed the LIC Policy and ask them to record your pan with your LIC policy on your behalf.
In case, you have directly availed LIC Policy, You need to visit in person LIC Branch/ Office along with photocopies of your pan and LIC policy document to record your pan with lic policy of yours only. Since pan linking with LIC policies are currently at booming stage, we also keep in mind that correct pan should be linked with corresponding policy before LIC pan linking last date over.
2. Ask your Bank to link pan with LIC policy Offline.
More than 100 Banks and Financial Institutions are the Corporate Agents of the Life Insurance Corporation of India to sell Insurer’s various products to these Bank’s customers.. If you are among those who have purchased the LIC policy from so called Bank or Financial Institution in corporate tie up. You could even ask your Bank of Financial Institution to get your pan linked with your LIC Policy as they are also working as your LIC agents.
I will mention here few Banks and Financial Institutions that are Corporate Agents of LIC. This lists consists of more than 100 Banks and Financial Institutions.
| Bank | Financial Institution |
|---|---|
| Indian Bank | LIC HFL Financial Services |
| City Union Bank | Ashutosh Management Services Ltd |
| Kalupur Comm Co Op Bank Ltd | Sundaram Finance Ltd |
| Central Bank of India | Muthoottu Mini Financiers Ltd |
| South Indian Bank | Punnami Smart Business services |
| Axis Bank | ICDS Ltd |
| UCO Bank | Fundron Fintech Services Pvt Ltd |
| Karnataka Bank Ltd | HTC Global Financial Services |
3. Link Pan with LIC Policy Online:
If you are comfortable with above methods of pan link with LIC Policy then you could link your pan with LIC Policy online. Here is the simple process how to link pan with LIC Policy Online.
How to link pan with LIC Policy Online.
Step 1. Visit Life Insurance Corporation of India , official PAN linking page. https://licindia.in/Home/Online-PAN-Registration
Step 2. Click on Proceed Button.
Step 3. Enter mandatory details as shown in image below.
- Date of Birth,
- Gender,
- Email Id,
- PANCARD number,
- Full name as per PAN,
- Mobile Number,
- Policy Number,
- Enter Captcha at last and generate OTP.
- Enter the OTP in the screen and you’re done with pan link with LIC Policy.
Wrap Up:
We have discussed how you can link pan with LIC policy in 3 different ways. Either you can ask your LIC Agent for pan link with LIC Policy. You can even ask your Bank , a corporate agent , to link pan with LIC policy of yours. You can even learn how to link pan with LIC policy online and follow the instruction provided you have email Id, Mobile number and PANCARD details available with you. You can do this procedure before LIC pan linking last date announced by the Life Insurance Corporation of India.
Recommended: Top 10 facts to invest in LIC IPO: LIC IPO Details and LIC IPO Launch Date 2022.