Lic policy linking to pan

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721 Points Posted on 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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On 25 March 2023 at 16:56 Report
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Quick Summary
This discussion clarifies whether linking LIC policies to PAN or Aadhaar is currently mandatory. While there's no strict deadline, linking is beneficial to avoid higher TDS rates on interest, dividends, or withdrawals. Although not currently required, it's suggested that this might become a future mandate. Your PAN is likely already linked due to KYC procedures during policy issuance.

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SEO Sai Gr. Hosp.
212453 Points Posted on 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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On 25 March 2023 at 19:22
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721 Points Posted on 25 March 2023

Thanks a lot Dhiraj ji

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On 25 March 2023 at 19:28
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SEO Sai Gr. Hosp.
212453 Points Posted on 25 March 2023

You are welcome.             

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On 25 March 2023 at 22:16
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CFO- at NHTF
58280 Points Posted on 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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On 26 March 2023 at 13:16

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