Lic Efeap |best| Full Form May 2026

eFEAP

In the context of the Life Insurance Corporation (LIC) of India, stands for Electronic Front End Application Package . It is the core operational software platform used by LIC employees and branches across the country to manage the entire life insurance business. Key Functions of eFEAP

Which deliverable do you want next?

60 modules

The eFEAP system is comprehensive, featuring approximately that cover diverse business functions: lic efeap full form

Death in Service

| Scenario | Benefit Received | Who Gets It? | | :--- | :--- | :--- | | | Sum Assured (based on salary) + Accumulated Contributions + Bonuses + Loyalty Additions | Nominated family member / Legal heir | | Retirement / Superannuation | Accumulated Employee Contributions + Employer Contributions (if any) + Bonuses – Tax deductions (if applicable) | The employee | | Resignation / Voluntary Retirement | Accumulated employee’s own contributions (with interest) – administrative charges | The employee (employer share may be forfeited depending on rules) | | Disablement (on duty) | Special disability benefit; sometimes the plan continues without further contributions | Employee or family | eFEAP In the context of the Life Insurance

2. Second Most Likely: EFP

(Endowment Family Plan) or E-FAP (Electronic Family Accumulation Plan) Not a Market Product: EFAP is not an

eFeap-Next

As of early 2026, LIC has initiated a major project to modernize this legacy system. This initiative, often referred to as , aims to transform the core insurance application into a next-generation digital platform.

  • Not a Market Product: EFAP is not an insurance policy sold to the public. You cannot buy this plan. It is an internal employee benefit.
  • Premium Free: Employees typically do not pay a specific premium for this from their salary (unlike group insurance deductions); it is a welfare expense borne by the corporation.

core operational platform

LIC eFEAP is the used by the Life Insurance Corporation of India (LIC) to manage its entire life insurance business. It is a custom-developed software application primarily designed for employees and agents to handle day-to-day branch operations efficiently.