Shares of Life Insurance Corporation of India (LIC) surged by 5% to reach a high of ₹845 on the Bombay Stock Exchange (BSE) following the announcement of its first-ever 1:1 bonus issue. This corporate action will benefit approximately 2.2 million shareholders, allowing them to receive one additional fully paid-up equity share for each existing share they hold. The company plans to capitalize up to ₹6,325 crore from its reserves, which are around ₹1.5 lakh crore as of December 31, 2025. The bonus shares are expected to be credited within two months of board approval, with a deadline set for June 12, 2026. Although the stock has gained around 5% over the past month, it remains down more than 5% for the year. Over the last three years, LIC shares have appreciated by nearly 47%. The announcement follows a strong performance in the December quarter, where LIC reported a 17% year-on-year rise in consolidated net profit to ₹12,930 crore.