On 13th April 2026, LIC’s board approved something the company had never done in its four years as a publicly listed entity: a bonus share issue in the ratio of 1:1. For every one share you hold, you’ll receive one additional share. The stock responded well. LIC rallied about 7% over the two trading days that followed, touching ₹841 - a five-week high. The market cap crossed ₹5.10 lakh crore. For the shareholders who’ve been watching the stock sit below its issue price of ₹94