A: No. This is the most common misconception. LIC eFEAP is not an insurance or savings plan for customers. It is the name of LIC's internal software system used for backend operations.
Maintaining extensive records of policyholder data, agent hierarchies, and premium collections.
The – represents more than just an acronym. It symbolizes LIC’s commitment to its human resources. For over five decades, this plan has provided a dual benefit: financial security to families in times of crisis and a retirement nest egg for the employees themselves.
LIC operates approximately 125 separate instances of eFEAP across various divisions and zonal offices, with a total data volume of roughly 200 TB . lic efeap full form
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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.
Whether it's a simple premium receipt or a complex claim settlement, eFEAP is the silent workhorse making it happen. It is the name of LIC's internal software
eFEAP acts as the primary feeder system, contributing over stored in LIC’s Centralized Data Warehousing platform (CADW). Operating Environment
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Instant services reduce waiting times from days to minutes. It symbolizes LIC’s commitment to its human resources
LIC E-FEAP stands for LIC Electronic Field Force Engagement Application Platform. It is a digital platform designed to facilitate the sales and servicing of LIC insurance policies through a mobile app. The platform enables LIC agents and advisors to sell insurance policies, collect premiums, and provide customer support using their mobile devices.
Policyholders do not need to visit an LIC branch to fix minor payment discrepancies; the system handles it digitally.
The implementation of this electronic adjustment process offers several advantages to both policyholders and life insurance agents:
While eFEAP is the internal engine, users typically interact with LIC's services through these related portals: