Life Insurance Corporation of India has scheduled its 5th Annual General Meeting (AGM) for Monday, July 27, 2026, at 11:00 a.m. (IST) through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The meeting will be conducted without the physical presence of members at a common venue, with the Central Office of the Corporation deemed as the venue. The Board has recommended a final dividend of ₹10 per equity share of face value ₹10 each for FY2025-26, subject to shareholder approval. The record date for determining dividend entitlement was Thursday, June 25, 2026.

Key AGM Calendar

The following schedule governs member participation and voting rights:

Ordinary Business

The AGM agenda includes the consideration and adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Board's and Auditors' reports. Members will also consider the Annual Report for FY2025-26 in terms of Section 27 of the Life Insurance Corporation Act, 1956.

The Board has recommended a final dividend of ₹10 per equity share of face value ₹10 each for FY2025-26. If approved, this would involve a cash outflow of ₹12,649.99 crore, translating into a dividend payout ratio of 22.03%. Dividend payment will be made exclusively through electronic mode. Members are requested to ensure their PAN, KYC, and banking details are updated to receive the payout.

Special Business

The AGM will consider the appointment of Shri Sanjay Lohiya (DIN: 07151125) as Government Nominee Director. He was nominated by the Government of India vide notification dated May 13, 2026, in place of Ms. Shalini Pandit. Shri Lohiya, an IAS Officer of the 1994 batch, is not entitled to any remuneration except reimbursement of travel and stay expenses.

Members will also vote on material related party transactions between the Corporation and LIC Mutual Fund Asset Management Limited, an associate company in which the Corporation holds a 49.87% stake. The proposed transaction value is up to ₹40,000 crore each for purchase and redemption of units of direct liquid fund schemes for the period from the date of the 5th AGM to the date of the 6th AGM. Previous year transactions included purchases worth ₹24,150.10 crore and redemptions worth ₹23,151.31 crore during FY2025-26.

E-Voting and Participation

National Securities Depository Limited (NSDL) has been appointed as the e-voting service provider. The E-voting Event Number (EVEN) is 140008. Members holding shares as on the cut-off date of July 21, 2026 are eligible to vote. The scrutinizer for the e-voting process is Smt. Aparna Gadgil (Membership No. ACS 14713) and, failing her, Shri S.N. Viswanathan (Membership No. FCS 13685) of M/s S.N. Ananthasubramanian & Co., Company Secretaries. Members requiring technical assistance may contact Shri Sanjeev Yadav, Deputy Manager, NSDL at evoting@nsdl.com or 022-4886 7000.

Life Insurance Corporation of India has filed its Business Responsibility and Sustainability Report for the financial year 2025-26. The report details the corporation's performance across environmental, social, and governance parameters, alongside its commitment to sustainable and inclusive growth.

The corporation reported a total employee strength of 84,565 as of March 31, 2026. This includes 64,161 male employees and 20,404 female employees. The report highlights that 888 differently-abled employees are part of the workforce. The turnover rate for permanent employees stood at 8.09% for the year.

On the environmental front, the corporation noted that 89.08% of its waste was disposed through Metal Scrap Trade Corporation Limited. It also highlighted initiatives such as the installation of solar PV systems resulting in a carbon reduction of 40,097 tons and the implementation of energy-saving solutions like IPM+.

The report details the activities of the LIC Golden Jubilee Foundation, which sanctioned 119 projects worth ₹77.74 crore during the financial year. A significant portion of this allocation was directed towards health-related projects. Since its inception, the foundation has sanctioned 1,045 projects totaling ₹303 crore.

Governance disclosures included the confirmation that the corporation is not a company governed by the Companies Act, 2013, and therefore CSR provisions under Section 135 are not applicable. However, the corporation continues its social responsibility initiatives through its foundation.