Yes, it is possible to verify adsense account without PIN. Adsense is the best adnetwork because if you earn 10$ from adsense then you only earn 1$ from other but its not easy to get a verified adsense account specially if you belong to country like India.I have seen many people are unable to receive Address Verification PIN from adsence after waiting 2-3 months,but there is another way to verify adsense account without PIN through your PAN card just go here
https://support.google.com/adsense/bin/request.py?hl=en&contact_type=id_verification&rd=3
Verify adsense account without PIN
and upload a scanned copy of your PAN card .If scanned copy is not available then you can take the picture of your PAN card using good quality mobile camera.After uploading your image adsense will verify your address within few hours.
Update: Google Adsense is not accepting these documents to verify your address or identity .You can use this method to extend the deadline to submit your PIN by an additional three months.So do not submit your document till all three PINs sent by Google does not reach to your address.
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