LIC bonus issue, May 22 -- India's largest life insurer, Life Insurance Corporation of India, on Thursday, 21 May, approved a 1:1 bonus share issue for shareholders while also reporting a strong rise in quarterly and annual profitability for FY26.

The state-owned insurance major fixed May 29 as the record date to determine shareholders eligible to receive the bonus shares.

Under the approved proposal, shareholders will receive one additional fully paid-up equity share of Rs.10 each for every one existing fully paid-up equity share of Rs.10 each held by them.

Moreover, the insurer also announced a final dividend of Rs.10 per share for the financial year 2025-26. The board fixed Thursday, June 25, 2026, as the record date for determining...