Life Insurance Corporation of India shares rise ahead of board meet to consider bonus issue

The stock settled 1.33% higher at ₹809 apiece on the National Stock Exchange (NSE).

The scrip had hit its 52-week high of ₹980 per share on June 30, 2025, while its 52-week low of ₹721.50 apiece was recorded on April 2, 2026.

In an exchange filing on April 7, LIC said that its board of directors will meet on April 13 to consider and recommend issuance of the bonus shares.

"A meeting of the Board of Directors of the Life Insurance Corporation of India ('the Corporation') is scheduled to be held on Monday, April 13, 2026 to inter-alia consider and recommend a proposal for issue of bonus shares in accordance with the applicable provisions, subject to the approval of the shareholders of the Corporation," it said.

Notably, this is the first time that the company will be issuing bonus shares to its shareholders since it listed in 2022.

The record date has not been announced yet.

The company had posted a profit after tax of ₹12,958.22 crore in the December quarter of the financial year 2025-26, reflecting an increase of 17.20% from ₹11,056.47 crore in the same period of the previous fiscal year.

In terms of market share on the basis of first-year premium income, or FYPI (as per IRDAI), LIC continued to be the market leader in the Indian life insurance business with an overall market share of 57.07% for nine months ended December 31, 2025, as compared to 57.42% a year back.

Individual New Business premium income for 9M FY26 was ₹44,941 crore, as against ₹42,441 crore in the year-ago period.