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. It provides finance on existing property for business/ personal needs and gives loans to professionals for the purchase/construction of clinics/nursing homes/ diagnostic centers/ office space and for the purchase of equipment. 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.