It allows policy data to be accessed from any LIC branch in India, improving customer service efficiency.
: LIC is currently undergoing a significant digital transformation. This includes the development of eFEAP-NEXT , a modernized, "next-gen" version of the platform designed to improve the digital journey for both customers and the field force. lic efeap full form
Usually, an EFEAP entry automatically updates to a regular premium receipt within . If the status does not change after 3 business days, take the following steps: It allows policy data to be accessed from
Recent procurement tenders from LIC, such as one from August 2024 for a "Change Data Capture (CDC) and Extract Transform Load (ETL) Solution," are issued under the reference . This indicates a continuous commitment to modernizing and enhancing the eFEAP platform. These upgrades likely focus on improving data management, system integration, and overall performance to serve the needs of LIC's massive customer base, which exceeds 238 million active policies. Usually, an EFEAP entry automatically updates to a
| 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 |
: Modernized to speed up the completion of insurance proposals and the dispatch of policy documents. Integration
[ LIC Front-End (eFEAP) ] │ ▼ Connected via WAN [ Centralized Data Warehouse (CADW) ] ────► Houses 90%+ of operational history │ ▼ Integrates with [ Digital Applications (ANANDA, Portals) ]