Originally designed to modernize branch operations, eFEAP is the core software framework used by LIC to manage its vast insurance operations across India.
In simple terms, EFEAP is not a product sold to the public. It is an exclusive, created by LIC for the welfare of its own employees. lic efeap full form
While some sources also refer to it as the , the "Enterprise" designation is the standard used in official LIC technical documents and RFPs. What is LIC eFEAP? Originally designed to modernize branch operations, eFEAP is
No. Unlike a PPF account or a traditional LIC policy, EFEAP does not permit loans or premature withdrawals except in cases of critical illness or terminal disease (subject to management approval). While some sources also refer to it as
When navigating the vast landscape of insurance and employee welfare schemes in India, you often come across complex acronyms. One such term that generates significant curiosity—especially among employees of the Life Insurance Corporation of India (LIC)—is .
: LIC is currently undergoing efforts to modernize e-FEAP into a "next-gen" digital platform to further enhance its digital transformation. licindia.in Next-Gen modernization