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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
⚠️ : While software tools for EFAP exist for employees, policyholders should always use the official LIC Customer Portal for sensitive transactions to avoid fraudulent or "spurious" software downloads. If you’re looking for more specific details, let me know: lic efap
After completion of of premium payment, the policyholder can avail of a loan up to 90% of the Surrender Value from LIC. This is useful for emergency liquidity without breaking the policy. The migration of modules from internal branch execution
| Rider Name | Benefit | |------------|---------| | LIC’s Accident Benefit Rider | Additional Sum Assured on accidental death or total permanent disability | | LIC’s New Term Assurance Rider | Extra life cover without additional savings component | | LIC’s Critical Illness Rider | Lump sum on diagnosis of specified critical illnesses (cancer, heart attack, etc.) | Instant quotes and electronic bank transfers
: Enables immediate generation of policy status reports, revival quotations, and loan quotations for policyholders.
is a comprehensive software platform designed to automate branch operations and enhance customer service efficiency. Report on LIC Front-end Application Package (FEAP) 1. Overview
Within from first unpaid premium date, policy can be revived by paying all due premiums + interest (as specified by LIC). After 5 years, policy lapses permanently.