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.