Lic policy linking to pan

SUSHANT BIDAYE (560 Points)

25 March 2023

I have another query

is it also necessary to link LIC policy to PAN or Adhar card ?

if so what is the deadline and also what are the consequences of not linking ?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (141708 Points)
Replied 25 March 2023

Yes, there is no deadline for that. Earlier linked better or TDS (on any interest or dividend or withdrawal) will get deducted at higher rate.

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SUSHANT BIDAYE (560 Points)
Replied 25 March 2023

Thanks a lot Dhiraj ji

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (141708 Points)
Replied 25 March 2023

You are welcome.

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Eswar Reddy S (CFO- at NHTF) (54379 Points)
Replied 26 March 2023

As of now no such requirement. It may be implemented in the future.

Your PAN is already linked with LIC policy since PAN would have collected as part of KYC

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