About 10.8 million policyholders of Life Insurance Corporation of India (LIC) have linked their policies with PAN and have a demat account. This exudes confidence among government and LIC officials about the subscription of policyholders’ reservation in the upcoming initial public offering (IPO).
LIC has identified 50 million unique individuals who hold about 282 million policies. Crossing the 10-million mark for individuals who are eligible for the IPO reservation has been above the expectation, said a top government official.
