Lic is best insurance company since years and we havnt heard about any fraud about lic.my maternal uncle has taken housing loan from lic for his new house and he was telling me about it.he was fully sattisfied with it and there is no any hidden charges also.interest rates was around 9 % as much as I remembered which is ok.there are not much formalities.staffs are also very polite and they make my uncle understand easily all about loan procedures and formalities, they are ready to help everytime.overall its good.