Using the LIC E-FEAP platform is relatively straightforward. Here's a step-by-step guide:
LIC EFEAP is a traditional participating life insurance plan that combines life cover with a savings (endowment) element. It pays a lump sum on survival to the end of the policy term and a death benefit if the insured dies during the term. It also participates in bonuses declared by LIC. lic efeap full form
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 Using the LIC E-FEAP platform is relatively straightforward
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