Life Insurance Corporation of India representatives attended the BofA India Conference 2026 in Mumbai on June 02, 2026. The corporation engaged with institutional investors and analysts through group and one-on-one sessions. No unpublished price sensitive information was shared or discussed during the meeting, which served as a platform to present the insurer's financial performance and strategic outlook.

The participation is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Corporate Presentation shared during the meet is available on the official website of Life Insurance Corporation of India . This update is in continuation to the earlier filing dated May 27, 2026.

The conference was organized by Bank of America at Taj Palace, Mumbai. The key details of the participation are as follows:

Anshul Kumar Singh, Company Secretary & Compliance Officer of Life Insurance Corporation of India, signed the intimation confirming the attendance on June 02, 2026.

Life Insurance Corporation of India completed the allotment of 632,49,97,701 bonus equity shares in a 1:1 ratio on June 01, 2026, to shareholders on the record date of May 29, 2026. This corporate action increases the paid-up equity share capital to Rs. 12649,99,54,020, divided into 1264,99,95,402 equity shares of Rs. 10 each. The Stakeholders' Relationship Committee approved the allotment in a meeting held on June 01, 2026. The corporation reported a net profit of ₹57,419 crore for the financial year ended March 31, 2026, an increase of 19.25% compared to ₹48,151 crore in the previous year, marking the highest profit after tax in its history.

Corporate Actions

The Board of Directors had recommended a final dividend of ₹10 per equity share of ₹10 each for FY26, equivalent to ₹20 per share on a pre-bonus issue basis. The record date for the final dividend is June 25, 2026. The bonus issue was approved in the ratio of 1:1, with the deemed allotment date set as June 01, 2026.

Operational Performance

Total premium income for the year grew by 9.80% to ₹5,35,984 crore. Individual new business premium increased by 8.29% to ₹67,676 crore, while individual renewal premium income rose by 5.91% to ₹2,71,699 crore. The corporation maintained a market share of 56.6% by first-year premium income. The solvency ratio improved to 2.35 as of March 31, 2026, from 2.11 in the previous year.

Financial Metrics

The Value of New Business (VNB) increased by 41.63% to ₹14,179 crore, with the net VNB margin improving by 360 basis points to 21.2%. The Indian Embedded Value (IEV) rose by 1.58% to ₹7,89,185 crore, while assets under management grew by 5.08% to ₹57,29,396 crore.

Strategic Initiatives

Bancassurance and Alternate Channels collected a new business premium of ₹5,076 crore, registering a growth of 45.19% and crossing the ₹5,000 crore mark for the first time. The share of individual new business premium from these channels rose to 7.51% in FY26 from 5.59% in FY25. The overall expense ratio decreased by 51 basis points to 11.91%, the lowest since listing. LIC launched the MyLIC customer app and the LIC Super Sales Saathi app for intermediaries. Under the Bima Sakhi Yojana, 3,45,000 women were designated as Bima Sakhis, selling 21.94 lakh policies and generating ₹2,848 crore in new business premium.