Life Insurance Corporation of India will participate in the Citi 2026 India Conference on June 05, 2026, engaging with analysts and institutional investors. The meeting is set to take place at the Grand Hyatt in Mumbai, where the corporation will hold both group and one-on-one discussions. The event serves as a platform for lic of india to present its corporate performance and strategic outlook to the investment community.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The conference is organized by Citi Group, and the corporation confirmed that a presentation will be delivered to the attendees. The Corporate Presentation for May 2026, which will be shared during the meeting, is also available on the corporation's official website.

The following table outlines the key details of the participation:

Anshul Kumar Singh, Company Secretary & Compliance Officer of Life Insurance Corporation of India, signed the intimation sent to the stock exchanges. The information has been submitted to the BSE Limited and the National Stock Exchange of India Ltd. for dissemination.

Life Insurance Corporation of India 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. This represents the highest profit after tax in the corporation's history. 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.

Corporate Actions

The Board of Directors 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, subject to shareholder approval. Additionally, the Board approved a bonus issue in the ratio of 1:1. The record date for the bonus issue is May 29, 2026, with a deemed allotment date of June 01, 2026. The record date for the final dividend is June 25, 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.

Channel and Product Mix

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 non-par share of individual Annualized Premium Equivalent (APE) settled at 35.11% for the year. The overall expense ratio decreased by 51 basis points to 11.91%, the lowest since listing.

Strategic Initiatives

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. The corporation processed 2,49,56,342 claims during the year, including maturity claims amounting to ₹2,79,951 crore and death claims of ₹24,885 crore.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0J1Y01017/d395257369554869.pdf