Life Insurance Corporation of India (abbreviated as LIC): It is an Indian state-owned insurance group and investment corporation that is owned by the Government of India. It was found on 1 September 1956. Its headquarters is in Mumbai. Life insurance, health insurance, Investment management, Banking, and Mutual fund are the products of LIC.
The State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. Its Headquarter is in Mumbai. It was founded on 2 June 1806 its first bank in Calcutta with the name Bank Of Calcutta and After that 15 April 1840, bank of Bombay, 1 July 1843, Bank of Madras, 27 January 1921, Imperial Bank of India are the bank Founded by SBI. Its Headquarter is in Mumbai.
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