: Covers over 2,000 branch offices and 1,500+ satellite offices nationwide through a Wide Area Network (WAN). Scalability
The software is used by LIC staff for a wide variety of administrative and service-oriented tasks: lic efeap full form
Unlike pure term insurance, EFEAP combines a death benefit with a maturity benefit. If the employee survives until retirement/leaving service, they receive the accumulated corpus. If they die in service, the family receives the sum assured + bonuses. : Covers over 2,000 branch offices and 1,500+
: Connects over 2,048 branches and 1,570 satellite offices across India via a Wide Area Network (WAN). licindia.in Related LIC Digital Terms ew Business If they die in service, the family receives
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.