LIC vs LIC Housing Finance

crazyduck875

LIC (Life Insurance Corporation of India) is a state-owned insurance group and investment company headquartered in Mumbai. LIC Housing Finance is a subsidiary of LIC which offers home loans.What are the main differences between LIC and LIC Housing Finance? Which one offers better services?

Sangeetha914

Both LIC (Life Insurance Corporation of India) and LIC Housing Finance Ltd. are Indian state-owned enterprises. LIC is the largest life insurance company in India, while LIC Housing Finance is the largest housing finance company in India.

The two companies are different in terms of their core businesses. LIC is a life insurance company that offers a variety of insurance products, while LIC Housing Finance is a housing finance company that provides housing loans and other related services.

However, both companies are owned by the Indian government and have their headquarters in Mumbai.

deepika_bharanya

LIC (Life Insurance Corporation) and LIC Housing Finance are both owned by LIC, however, their operations differ significantly. LIC primarily deals with insurance and related services such as life insurance policies, term plans, endowment plans, and pension plans. On the other hand, LIC Housing Finance is a housing finance company and its main focus is on providing housing loan, loan against property and other financial assistance to its customers. So, while LIFE Insurance Corporation provide life insurance policies, LIC Housing Finance provides housing loan and other financial assistance to individuals and institutions.