Life Insurance Corporation of India (LIC) has announced a significant move to reward its shareholders by approving a 1:1 bonus equity share issue. This means that shareholders will receive one additional fully paid-up equity share of ₹10 for every share they currently hold. As a result, the paid-up equity share capital will increase from ₹6,324.99 crore to ₹12,649.99 crore. The decision reflects LIC's ongoing commitment to enhancing shareholder value, as stated by R. Doraiswamy, CEO & MD of LIC. The company has consistently paid dividends since its listing in May 2022, increasing the dividend per share from ₹1.50 to ₹12 over time. For the nine-month period ending December 2025, LIC reported a profit after tax of ₹33,998 crore. On a consolidated basis, LIC's net profit rose 17.46% year-on-year to ₹12,930.44 crore in Q3 FY26, with total income increasing 15.74% year-on-year to ₹2,36,776.30 crore compared to the previous year. Following the announcement, LIC's stock price rose 0.71% to settle at ₹804.25 on April 13, 2026.