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In summary
LIC's Board of Directors approved a 1:1 bonus issue on April 13, 2026, the first bonus issue since the company's listing. Every shareholder holding one LIC share on the record date receives one additional share at no cost.
- Bonus ratio: 1:1, one bonus share for every one share held
- Board meeting date: April 13, 2026, between 4:00 PM and 6:15 PM IST
- Record date and ex-date: May 29, 2026
- Bonus shares credited: within 4 to 5 working days after the record date
- Paid-up share capital post-bonus: increases from ₹ 6,324.99 crore to ₹ 12,649.99 crore
- Total shares post-bonus: approximately 1,265 crore shares, up from approximately 632.5 crore
- FY26 final dividend: ₹ 10 per share post-bonus, equivalent to ₹ 20 per share on a pre-bonus basis
- Government of India stake: 96.5% in LIC as of April 2026
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What is LIC bonus share 2026? India's first-ever bonus issue explained
How do dividend and buyback differ?
A bonus issue is a corporate action where a company issues additional shares to existing shareholders at no cost, funded by capitalising its reserves rather than raising fresh capital. LIC's 1:1 bonus issue is the first bonus issue the corporation has announced since listing on NSE and BSE in May 2022.
The board approved the capitalisation of ₹ 6,325 crore from LIC's reserves to fund the bonus issue. The Reserves and Surplus of LIC stood at ₹ 1,46,440.58 crore as of December 31, 2025, providing substantial headroom for the capitalisation.
What a 1:1 bonus issue means in practice:
- A shareholder holding 100 LIC shares on the record date receives 100 additional shares at zero cost
- Total shareholding doubles from 100 to 200 shares
- The face value per share remains unchanged at ₹ 10
The proportional ownership in the company remains the same for every shareholder
The bonus issue does not change the fundamental value of a shareholder's investment on the day of allotment. It changes the number of shares held and the price per share adjusts proportionally.
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LIC board meeting on April 13, 2026: agenda and key details
The Board of Directors of Life Insurance Corporation of India held a meeting on Monday, April 13, 2026, between 4:00 PM and 6:15 PM IST. The bonus issue decision was announced via a regulatory filing with BSE (Scrip Code: 543526) and NSE (Scrip Code: LICI) the same evening, under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
Key decisions taken at the April 13 board meeting:
- Approval of the issuance of bonus equity shares in the ratio of 1:1
- Each bonus share carries a face value of ₹ 10, identical to existing shares
- The bonus issuance was made subject to shareholders' approval
The record date was to be announced subsequently after shareholder approval
The official exchange filing stated that the Board of Directors considered and approved the issuance of bonus equity shares in the proportion of 1:1, to the existing shareholders as on record date, which shall be announced subsequently.
The strategic context: LIC's 1:1 bonus issue also serves a regulatory purpose. The Government of India, which holds a 96.5% stake in LIC, is required to gradually reduce its ownership to meet SEBI's minimum public shareholding norms. SEBI requires LIC's public float to reach 10% by May 16, 2027, up from the current 3.5%. Expanding the equity base through a bonus issue supports this process by improving market liquidity and the distribution of shares in the secondary market.
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LIC bonus share record date and ex-date: eligibility criteria
LIC fixed May 29, 2026 as both the ex-date and the record date for the bonus issue.
| Date parameter | Detail |
|---|---|
| Board approval date | April 13, 2026 |
| Record date | May 29, 2026 |
| Ex-date | May 29, 2026 |
| Shareholder approval | Required at EGM before allotment |
| Bonus share credit timeline | 4 to 5 working days after record date |
| Dividend record date FY26 | June 25, 2026 |
Who is eligible for the LIC bonus shares
Shareholders whose names appear in the company's records through CDSL or NSDL depositories as of May 29, 2026 are eligible to receive bonus shares. Since equity settlement in India operates on a T+1 basis, buyers must purchase LIC shares on or before May 28, 2026 to have the shares settled and appear in depository records by May 29.
Shares purchased on May 29, the ex-date itself, will settle on May 30 and will not qualify for the bonus allotment.
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How does LIC bonus issue impact share price?
A bonus issue does not create new value. It redistributes the existing value across a larger number of shares. The share price adjusts on the ex-date in proportion to the bonus ratio.
Price adjustment example:
If LIC shares trade at ₹ 900 before the bonus, the theoretical ex-bonus price on May 29 adjusts to approximately ₹ 450. A shareholder who held 100 shares at ₹ 900 each (total value ₹ 90,000) now holds 200 shares at ₹ 450 each (total value ₹ 90,000, unchanged).
The practical market impact is more nuanced:
- Bonus announcements often trigger increased trading activity and short-term price movement driven by market sentiment before the ex-date
- After the ex-date, liquidity typically improves because more shares are available at a lower price per unit
- The lower absolute price per share after the bonus may make the stock more accessible to a wider range of market participants
The fundamental business value and earnings per share on a post-bonus share count basis remain unchanged
LIC shares gained approximately 4.40% on April 15, 2026, in the trading sessions immediately following the bonus announcement.
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LIC Q3 FY26 financial results: revenue, profit and premium income
LIC reported strong financial results for Q3 FY26, the quarter ended December 31, 2025.
| Financial metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Standalone net profit | ₹ 12,958.22 crore | ₹ 11,056.47 crore | Up 17.2% YoY |
| Consolidated net profit | ₹ 12,930 crore | ₹ 11,008.65 crore | Up 17% YoY |
| Net premium income | ₹ 1,25,613.36 crore | ₹ 1,06,891.48 crore | Up 17.5% YoY |
| Income from investments (net) | ₹ 1,07,608.28 crore | ₹ 94,335.72 crore | Up 14.1% YoY |
| First-year premium | ₹ 10,604.60 crore | Up 45.6% YoY | |
| Single premium | ₹ 45,872.85 crore | Up 30.5% YoY | |
| Solvency ratio | 2.19 | 2.11 | Improved |
For the full year FY26, LIC reported a 19.25% rise in Profit After Tax to ₹ 57,419 crore, compared to ₹ 48,151 crore in FY25. Assets Under Management rose 5.08% year on year to ₹ 57,29,396 crore as of March 31, 2026. The solvency ratio improved to 2.35 from 2.11, and the overall expense ratio reduced by 51 basis points to 11.91%.
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LIC dividend history 2022 to 2026: from ₹ 1.5 to ₹ 20 per share
What role do dividends play in stock investment?
Since listing in May 2022, LIC has declared dividends every year, with a consistent upward trend in payouts.
| Financial year | Dividend per share | Notes |
|---|---|---|
| FY22 | ₹ 1.50 | First dividend post listing |
| FY23 | ₹ 3.00 | Final dividend |
| FY24 | ₹ 10.00 | Final dividend ₹ 6 plus interim dividend ₹ 4 |
| FY25 | ₹ 12.00 | Final dividend, pre-bonus basis |
| FY26 | ₹ 10.00 post-bonus | Equivalent to ₹ 20 per share on pre-bonus basis |
The FY26 final dividend of ₹ 10 per share is subject to shareholder approval at the 5th Annual General Meeting scheduled for July 27, 2026. The dividend payout is scheduled on or before August 25, 2026, to shareholders on record as of June 25, 2026.
How are LIC bonus shares credited to a demat account?
Bonus shares issued by a listed company are credited directly to the demat account of eligible shareholders through the depository system. No action is required from the shareholder to receive the bonus shares.
The process works as follows:
- LIC confirms the list of eligible shareholders with CDSL and NSDL as of the record date of May 29, 2026
- The company files the allotment details with the stock exchanges and the depositories
- CDSL and NSDL credit the bonus shares to each eligible shareholder's demat account
The credit typically appears within 4 to 5 working days after the record date
Shareholders can verify the credit by logging into their demat account through their depository participant or broker's platform and checking the holdings statement. The bonus shares appear as a separate credit entry with the allotment date and quantity clearly noted.
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Conclusion
LIC's 1:1 bonus issue approved on April 13, 2026 is a significant corporate action for India's largest life insurer. It is the first bonus issue since LIC's listing in May 2022, doubles the total number of shares in circulation from approximately 632.5 crore to approximately 1,265 crore, and carries a clear regulatory context in the government's path toward meeting SEBI's public shareholding deadline of May 2027. The record date of May 29, 2026 determines eligibility, with bonus shares credited within 4 to 5 working days thereafter. Alongside the bonus issue, LIC's strong FY26 financials, with PAT growth of 19.25% and a final dividend of ₹ 10 per share, reflect the continued operational strength of the corporation.
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Frequently Asked Questions
LIC Bonus Share 2026
What is the LIC bonus share ratio for 2026?
The LIC bonus share ratio for 2026 is 1:1. This means every shareholder holding one fully paid-up equity share of ₹ 10 face value on the record date of May 29, 2026 will receive one additional fully paid-up equity share of ₹ 10 face value at no cost. A shareholder holding 500 shares will receive 500 bonus shares, taking the total holding to 1,000 shares after allotment.
When is the LIC bonus share board meeting scheduled?
The LIC board meeting approving the bonus issue was held on April 13, 2026, between 4:00 PM and 6:15 PM IST. The board approved the 1:1 bonus issue at this meeting and the decision was filed with BSE and NSE via regulatory disclosure the same evening. A subsequent board meeting on May 21, 2026 fixed the final dividend and related details.
Will LIC bonus issue affect the share price?
Yes. On the ex-date of May 29, 2026, the LIC share price adjusts downward in proportion to the bonus ratio. If LIC trades at ₹ 900 before the ex-date, the price adjusts to approximately ₹ 450 after the bonus. The total value of the shareholder's holding remains the same because the number of shares doubles. LIC shares gained approximately 4.40% in the trading sessions immediately after the announcement on April 15, 2026, reflecting market sentiment around the event.
What is the difference between LIC bonus shares and LIC dividend?
A bonus issue and a dividend are two different types of shareholder rewards. A bonus issue gives shareholders additional shares at no cost, funded by capitalising company reserves. No cash changes hands. A dividend is a cash payout made from the company's profits directly to shareholders. LIC declared both in FY26: a 1:1 bonus issue (shares) and a final dividend of ₹ 10 per share (cash), subject to shareholder approval at the AGM on July 27, 2026.
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