– Automated calculations that match 100% with official records.
: LIC has invited expressions of interest for the eFEAP-Next project, which aims to modernize the core insurance application into a next-generation digital platform. lic efeap full form
This scheme highlights LIC’s commitment not just to its policyholders, but to the welfare of its own workforce ("LIC Parivar"). – Automated calculations that match 100% with official
It is a core software system used by LIC employees and agents to manage policy servicing, including premium payments, loan quotations, policy status reports, and maturity benefits. 📣 Post: Modernizing the Backbone of LIC It is a core software system used by
EFEAP operates on a group basis. Every eligible employee is automatically covered under the master policy held by LIC management.
In the 1970s and 1980s, the Indian government and LIC management realized that standard market policies were insufficient to retain talent and provide long-term financial security to employees. Unlike government employees who had the General Provident Fund (GPF) and pension, LIC employees contributed to the .