I had the worst experience with LIC housing as the staff is higly unprofessional and non competent. It took me 2 months to apply for a loan and had to run for more than 2 weeks to their offices to make sure that they are processing but no help.
The documents were not highlighted at the time of applying. On giving 1 set of documents the next set of documents were highlighted. They had no idea what documents are required and have no expertise in housing finance.
The justification was given that lot of files have taken more than 2 years for sanction.
I would say always stay away from LIC and take it from any other bank. Its a frustating and depressing experience and I am still making penalties to authority for the delay.