LIC To Consider Bonus Issue; Stock Surges 8%
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Board to review bonus share proposal on April 13 amid strong stock rally
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Life Insurance Corporation of India (LIC) share price rallied sharply on Wednesday after the company announced that its board will consider a proposal for a bonus share issue. The stock opened at Rs 780.00 and moved higher to touch an Intraday high of Rs 803.60. It was trading at Rs 798.50 at 12:20 PM, up around 8 per cent.
Life Insurance Corporation of India (LIC) has informed the stock exchanges that a meeting of its Board of Directors is scheduled to be held on Monday, April 13, 2026. The key agenda of the meeting includes consideration and recommendation of a proposal for the issuance of bonus shares. The proposal, if approved by the board, will be subject to further approval from shareholders and will be carried out in accordance with applicable regulatory provisions.
The announcement has been made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates prior intimation of board meetings involving key financial decisions. While the company has not disclosed the bonus ratio at this stage, further clarity is expected after the board meeting outcome is announced.
In addition, LIC stated that the trading window for dealing in its equity shares remains closed. This closure is in line with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal code of conduct. The trading window will reopen 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2026.
About the company
Life Insurance Corporation of India is the largest insurance provider in the country, holding over 66.2 per cent market share in new business premiums. The company offers a wide range of products, including participating and non-participating insurance plans such as unit-linked policies, savings products, term insurance, health insurance, and annuity and pension plans.
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Disclaimer: The article is for informational purposes only and not investment advice.