LIC Housing Finance turns 30

Excelsior Correspondent

JAMMU, June 18: LIC Housing Finance Limited completing glorious 30 years of its operations on June 19.
LIC HFL was promoted by India’s insurance behemoth LIC of India in 1989 with the objective of providing long term financial assistance to individuals to build their dream home. LIC HFL is carrying on with its vision to be the best Housing Finance Company with strongly embedded values of fair and transparent business practices.
LIC Housing Finance Limited has served more than 2.5 million customers with cumulative disbursement of over Rs 3.35 lakh crores. Through one of the widest networks of 284 marketing offices including 2 overseas in Dubai and Kuwait along with more than 12000 marketing intermediaries, LIC HFL has been providing personalized service to its customers. Its loan products are customized to suit the individual borrower’s needs. The Company went public in 1994 and is listed in BSE, NSE and Luxembourg Stock Exchange.
Expressing his gratitude on this day, Vinay Sah, Managing Director & CEO of LIC Housing Finance Ltd said, “On this occasion we thank all customers, business partners and other stakeholders and rededicate ourselves to serve them even better. This is just the beginning of a long journey. Our strategies will embrace and complement the Government’s vision of providing `Housing for All by 2022′. We are getting bigger & better and aim to set distinctive trends to be market leaders,” Vinay added.
LIC Housing Finance Ltd is one of the largest Housing Finance companies in India having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait. In addition, the Company also distributes its products through branches of its subsidiary LIC HFL Financial Services Ltd. It was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994. It launched its maiden GDR offering in 2004.

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