A domestic insurance firm lic is preparing for an initial public offering. In March, the company could go public. If you have a life insurance policy in this situation, you may be able to earn a good return. Find out how to do it.

Do you have any kind of life insurance? On the other side, you stand a better chance. lic intends to go public in the near future. Through this IPO, the central government plans to sell a 5% stake in the company.

Ten percent of this will be distributed to policyholders. So, if you have a lic policy, you can file for an IPO as well. The historic insurance business, lic, is expected to excel during the IPO, according to experts. 

If you buy lic shares with this, you have a good chance of making a profit. Those interested in participating in the IPO, however, should bear a few things in mind.

Policyholders can now open a Demat account as a result of this. He must open this account in his own name. Furthermore, policyholders are only eligible for shares worth up to Rs 2 lakh. Policyholders who live outside of the united states will be ineligible for shares in the reserved category.

If you have a combined policy, only one person will be able to apply for the IPO under the reserved category. Those interested in participating in the IPO must update their PAN card number in the policy. If the Demat account is also a joint account, the principal account holder must be the IPO participant.

You can apply for shares in the Proposer IPO if you have an insurance in the name of a minor. Additionally, people who bought a lic policy after february 13 will be unable to participate in the IPO.

Only those who have purchased the policy in advance are eligible for the reserved category. Furthermore, the policy should not be terminated. Maturity, surrender, and death claim policies will not be accepted. Employees of the lic would also be given a stake in the IPO.

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