The government’s decision is to create a 10 percent policyholders’ quota in the LIC IPO and there’s possibility of discount on IPO price for policyholders. This much awaited IPO is expected in March 2022.
LIC has released an advertisement stating, “In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporation’s records. Further subscribing to any public offering in India is only possible if you have a valid Demat account”.