LIC Housing Finance Limited announced the cessation of Director Shri Jagannath Mukkavilli, Non-Executive (Nominee) Director from the Board of the Company due to attainment of superannuation from the services of Life Insurance Corporation of India with effect from 30th May, 2025.
LIC Housing Finance Limited is a housing finance company. It provides long-term finance to individuals for the purchase or construction of a house/flat for residential purposes in India. Its Loans segment offers finance for purchase, construction, repairs, renovation of house/buildings. Its Other Segments include the Financial Services segment, which involves the business of marketing Financial Products and Services on its own account as well as for and on behalf of other service providers, Construction Segment operates assisted living community centers for elderly citizens, Asset Management segment, which includes promoting and managing different schemes on behalf of LIC Mutual Fund and Trusteeship segment which supervises activities of LIC Mutual Fund. Its projects include HRIDAY, LIFE, Swach Vidhyalaya, SATHI, Udhyam, CTH (Community Transformation Hub), Sanjeevani, Sujalam, Social Trailblazer 2.0, Special Project, Nirnayam, Green Tomorrow, Charge for Change, Vidhyadhan and WASH.
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