The biggest IPO by India's biggest insurance company LIC is about to launch.
Last week, the government submitted the draft DRHP to capital markets regulator SEBI for sale of 5% stake in Life Insurance Corporation (LIC).
These are the two things that policy holders need to do to apply for an IPO. 1. The PAN card of the policy holder should be updated on the LIC portal.
2. The policyholder should have a Demat account. According to DRHP, policyholders who do not update their PAN before February 28, 2022, will not be able to participate in this IPO.
LIC's policy of many people gets closed. There are many reasons for this. You don't pay premiums on time or you forget the policy halfway through. Such policies are closed.