LIC Asks Policyholders To Update PAN Details, Open Demat Account Before IPO

New Delhi: The Life Insurance Corporation (LIC) has asked its policyholders to update their Permanent Account Number (PAN) and open demat accounts in order to participate in the proposed initial public offering (IPO). The listing of LIC is set to be the country's biggest ever IPO, with the government aiming to raise up to Rs 90,000 crore ($12.2 billion) from its stake sale.