Life Insurance Corporation (LIC) is expected to go public on March 11. India’s largest insurance company filed the Draft Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on February 13.

Billed as India’s biggest IPO, it involves the government offering a 5% stake in LIC. IPO refers to the first issuance of shares to the public by a private company or a 100% government-owned company. It offers public investors the opportunity to own shares in companies linked to the IPO. All types of policyholders, whether new or existing, can apply for an IPO. Notably, today is the last day to register for LIC IPO. According to LIC’s website, up to 10% of the issue size of LIC’s IPO will be reserved for policyholders at a discounted price.

Here is how policyholders can still register for the LIC IPO to receive the benefits:

  • Visit the LIC website and enter the LIC policy number, date of birth, permanent account number (PAN).
  • Enter the correct captcha.
  • To link the PAN card to the LIC policy, policyholders will need to click on the “Continue” option at the bottom of the page.
  • Enter all the information as it appears on the PAN card, such as full name, date of birth, PAN, gender, cell phone number, police number. If the investor holds more than one policy, click on “Add policy” to enter another policy.
  • After clicking the deceleration checkbox, enter the CAPTCHA. The policyholder will receive OTP in the registered mobile number. Enter the OTP and click on the ‘SUBMIT’ option.
  • The award status for the LIC IPO is available on the NSE website. It is also available on the apps, through which policyholders registered for the IPO.