LIC IPO may be a number of investors' choice thus, to invest in LIC IPO, you can either go through the ASBA process or invest through your broker.
ASBA process: Under this, one can subscribe to the IPO through your net bank portal with their respective bank account whether ICICI, SBI, Axis, HDFC, or any other.
Trading Account: If you’re applying through any broker where you have opened a Demat and trading account, then you can invest in the IPO via UPI.