Life Insurance Corporation of India (LIC) is poised to announce its first-ever bonus share issue during its board meeting, which is anticipated to take place soon. This decision comes after the company reported a 17% year-on-year increase in consolidated net profit for the December quarter, amounting to ₹12,930 crore compared to ₹11,008 crore the previous year. Additionally, LIC's net premium income for Q3FY26 rose to ₹1.26 lakh crore, a 17% increase from ₹1.07 lakh crore in the same period last year. Despite a 46% rise in stock price over the past three years, LIC shares have experienced a downturn, falling 6% in 2026 and over 11% in the last six months. The company, which has maintained a market capitalization of over ₹5 lakh crore, has declared five interim dividends since its market debut in May 2022. The government retains a substantial 96.5% stake in LIC, with public shareholders holding the remaining 3.5%.