New Delhi, April 13 -- The board of Life Insurance Corporation of India (LIC), at its meeting on Monday, approved the issuance of bonus equity shares in the proportion of 1:1, subject to shareholder approval.

The bonus shares are expected to be credited or dispatched within two months from the date of board approval, on or before 12 June 2026. The company proposes to issue 632.49 crore equity shares with a face value of Rs.10 each, amounting to not more than Rs.6,324.99 crore from its reserves and surplus.

LIC's reserves and surplus stood at Rs.1,46,440.58 crore as of 31 December 2025, while profit after tax for the nine-month period ended 31 December 2025, stood at Rs.33,998 crore. Post the proposed bonus issuance, the company's paid-u...