The Life Insurance Corporation of India (LIC) has announced a 1:1 bonus share issue, its first since its market debut in May 2022. For every share held as of the record date, investors will receive an additional share, effectively doubling their holdings without altering the overall investment value. This bonus issue will be financed by capitalizing ₹6,325 crore (approximately $760 million USD) from the corporation's reserves, showcasing LIC's confidence in future growth. The bonus shares are expected to enhance liquidity and make shares more accessible to investors. Despite a 5% decline in share value this year, LIC's stock has seen a 3% increase over the past year. The company reported a 17% increase in consolidated net profit for the December quarter, amounting to ₹12,930 crore (approximately $1.55 billion USD), compared to ₹11,008 crore a year earlier. The record date for the bonus issue will be announced shortly, and the company aims to complete the process within two months from the board's approval date, which is on or before June 12.