While it might sound like technical jargon, EFEAP is actually the "front office" of every LIC branch on a computer screen. It’s the engine that helps agents and employees provide you with: Instant Policy Status Reports – Know exactly where your policy stands. Quick Loan & Revival Quotations – Get the numbers you need without the wait. Accurate Maturity Benefits
The LIC EFAP is a welfare measure designed for the employees of the Life Insurance Corporation of India (LIC). It is essentially a social security scheme aimed at providing financial security to the family members of LIC employees in the event of the employee's death while in service.
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: Direct generation of policy status reports, loan quotations, and revival quotations. Administrative Tasks : Handling change of address requests and premium payments. Operational Efficiency lic efeap full form
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Is the EFEAP status showing for an or a physical branch payment ?
pplication, a tool for agents to process policies digitally. Customer Portal : A self-service portal for policyholders to check maturity amounts and pay premiums online. Policybazaar.com calculate a policy revival quote using these systems? While it might sound like technical jargon, EFEAP
The application typically runs on the Linux operating system and was originally introduced around 2010 to replace older manual or fragmented systems.
: To ensure the reliability of this mission-critical software, LIC recently established a Testing Center of Excellence (TCoE) specifically for the eFEAP-NEXT environment. Summary Table: LIC Technical Terms eFEAP Enterprise Front-End Application Program Core insurance application for branch operations. eFEAP-NEXT Next-Generation eFEAP The upcoming digital-first version of the core platform. TCoE Testing Center of Excellence Dedicated unit for software quality assurance at LIC.
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 . Accurate Maturity Benefits The LIC EFAP is a
To maintain its market leadership and support cutting-edge digital experiences, LIC launched an aggressive technology modernization roadmap.
Each single database instance holds around (encompassing master data, control tables, and transaction records). Data Warehouse Input
(LIC Housing Finance)
The electronic receipt is sent directly to your registered email address and is visible on the LIC Customer Portal, preventing loss or physical damage.