Lic Efeap Full Form Better [ 2027 ]
in the context of LIC stands for Enterprise Front End Application Package . It is also occasionally referred to as Enterprise Front End Application System Employee's Front End Application Program in various operational manuals. licindia.in System Overview e-FEAP is the core operational platform
3. Risk Cover + Savings
- Age: 30, Term: 20 years, Annual premium: ₹30,000, Sum assured: ₹5,00,000.
- On maturity: Sum assured ₹5,00,000 + vested bonuses (depends on declared bonus rates).
- On death during term: Higher of (sum assured × multiple or sum assured plus bonuses) as per plan death benefit rules.
The Life Insurance Corporation of India (LIC) is one of the largest and most trusted life insurance companies in India. With a wide range of insurance products and services, LIC has been catering to the needs of millions of policyholders across the country. In recent years, LIC has introduced several digital initiatives to make its services more accessible and convenient for its customers. One such initiative is the LIC E-FEAP, which has gained significant attention in the insurance industry. lic efeap full form
Financial Transactions
: Used at cash counters for receiving premium payments (cash or cheque) and processing customer payments like policy loans and maturity amounts. in the context of LIC stands for Enterprise
