How to Apply for LIC IPO for Policyholders?

 How to Apply for LIC IPO for Policyholders?

Applying for a LIC IPO (Initial Public Offering) as a policyholder is a simple process. Here is a step-by-step guide to help you:

Step by step guide for the policy holders to apply for LIC IPO

1. Eligibility Criteria:

• Ensure that you have a valid LIC policy and are a policy owner as of the cut-off date specified by LIC for the IPO.

2. Gather the necessary information:

• Have your LIC policy number(s) handy.
• Ensure that your KYC (Know Your Customer) details are updated by LIC.

3. Online Guidelines:

• Visit LIC website: Visit the official website of LIC or the dedicated IPO application page.
• Login: If you have an online account, login with your credentials. If not, you may need to do an audit.
• Select IPO Option: Find the option associated with the IPO application for policyholders.

4. Complete the application form:

• Provide the required information, including personal information and plan number(s).
• Specify the number of shares you wish to claim (usually up to a specific limit for policyholders).

5. Choose your payment method:

• Select your preferred payment method (UPI, net banking, etc.) to pay the application fee. Make sure you have enough money in your account.

6. Submit Application:

• Check all the details and submit your application.
• You will receive an approval or certification of your application.

7. Check your application:

• Once submitted, you can check the status of your application through the LIC website or the bank payment portal.

8. Distribution and Refund:

• Once the distribution process is completed, you will be notified of the allotted shares.
• If the shares are not allocated, the refinancing will be processed in accordance with the timetable specified in the IPO documents.

Important Information:

• Read the IPO Prospectus: Before applying, read the LIC IPO prospectus carefully to understand the terms, conditions and risks involved.
• Application Window: Pay attention to application window date; Use within the specified time.
• Contact Customer Services Contact : If you face any problems or have any queries, contact LIC Customer Services or your financial advisor for assistance.

By following these steps, you can successfully apply for LIC IPO as a policy holder.