One of the largest and nationalized sectors in terms of insurance is none other than Life Insurance Corporation of India. Not only is the organization largest insurance sector but it is also the largest investor throughout India. It is a complete Indian government owned organization. From within the expenses generated by Indian Government, approximately 24.6 percent of the amount is funded by LIC. It has estimation assets of about INR13.35 trillion which equals to US$268.71 billion. Found in 1956, LIC was established along with amalgamation of about 243 companies along with societies.
Amongst various companies which are associated with Housing finance, it is lic housing finance, which is the largest association in India providing lic housing loan across. After being incorporated on 19th June, 1989 affiliated by companies Act, 1956, the promotion of company was labeled as LIC of India which became public in 1994.
Lic housing aims in providing you with multiple objectives which counts in; provision of long term finance for purchasing to individuals, avail finance for constructional activities, renovation and maintenance of buildings along with flats and houses as well. The company is also making efforts in providing loan and finance for availing property as per business needs along with personal needs as well. Loans are also passed on to professionals for purchase. Activities like construction for nursing homes along with clinics and diagnostic centers are also provided loans.
Lic housing finance seem to have gained possession as the most widespread and extensive network build for marketing In India. The marketing network widens in terms of six regional offices along with back offices which are in total 13 in number and its head office which is set in Mumbai also including 181 marketing zones. In concern of people who are connecting with lic housing loan, there are sale agents (773), home loan agents (3400) and that of customer relationship associates total 615 in number for extending the marketing of lic housing.