| Feature | Details | |---------|---------| | Plan Type | Non-Linked, Non-Participating, Individual Savings Plan | | Minimum Entry Age | 20 years (completed) | | Maximum Entry Age | 60 years (nearest birthday) | | Maximum Maturity Age | 75 years | | Policy Term | 10 to 20 years | | Premium Payment Term | Same as policy term (Regular Pay) | | Minimum Sum Assured | ₹2,00,000 | | Maximum Sum Assured | No upper limit (subject to underwriting) | | Premium Payment Frequency | Yearly, Half-yearly, Quarterly, Monthly (ECS/NACH) |
The EFEAP system acts as a "virtual front-end" for LIC branch offices, allowing employees and authorized agents to perform complex policy servicing tasks directly from their computers. licindia.in Policy Servicing: lic efap
While it is commonly known as an (Employee Assistance Program), the "F" explicitly highlights that the support extends to the employee's family members, ensuring that the worker's home life is just as supported as their professional life. | Feature | Details | |---------|---------| | Plan
LIC FEAP is a high-utility management package deployed across all of LIC's branches and satellite networks. It was specifically designed to handle data-heavy corporate administrative tasks and eliminate the manual computation delays previously associated with life insurance management. It was specifically designed to handle data-heavy corporate
This is where EFAP truly helps families. The benefits are structured to provide both immediate lump sum support and long-term monthly assistance.
Real-time updates push critical data changes, such as address shifts or nominee modifications, straight to the central policy master database. Step-by-Step Guide: Accessing the Digital Services
The migration of modules from internal branch execution to client-facing web portals has significantly cut turnaround times. Service Feature Traditional Branch Desk (Early FEAP) Modern Online Portal Ecosystem Restricted to standard business hours. Available 24x7 anywhere globally . Premium Receipt Printed counter receipt after physical queuing. Instant e-receipt downloadable for tax purposes. Loan Processing Manual document evaluation (2–5 working days). Instant quotes and electronic bank transfers. Address/Detail Update Written request with physical KYC verification. Digital updates via self-service profiles. Troubleshooting Common Access and System Errors