LIC vs State Bank of India
LIC and State Bank of India are popular brands in the Banking & Finance category. This comparison highlights ownership details, country of origin, headquarters location, and classification in India.
LIC is headquartered in India, while State Bank of India is based in India. Use the comparison below to evaluate key differences.
| Feature | LIC | State Bank of India |
|---|---|---|
| Country of Origin | India | India |
| Headquarters | Mumbai | Mumbai |
| Founded | 1956 | 1955 |
| Parent Company | Life Insurance Corporation of India | State Bank of India |
| Ownership Type | Public Sector Company | Public Sector Bank |
| Indian Brand | Yes 🇮🇳 | Yes 🇮🇳 |
Which Should You Choose in India?
Choosing between LIC and State Bank of India depends on your preferences, budget, and brand priorities. Both brands operate in the same category.
LIC is headquartered in Mumbai, India, while State Bank of India is based in Mumbai, India.
Indian Alternatives in This Category
Frequently Asked Questions
Is LIC an Indian company?
LIC is an Indian brand headquartered in India.
Is State Bank of India an Indian brand?
Yes, State Bank of India is an Indian brand headquartered in India.
Which is better in India: LIC or State Bank of India?
Both LIC and State Bank of India have strong market presence in India. The better choice depends on pricing, product preferences, service support, and brand trust.
Are there Indian alternatives to LIC and State Bank of India?
Consumers looking to support Indian brands can explore alternatives within the same category that are headquartered in India.