Lic Efap __exclusive__ ◉

Note: While LIC had a specific plan branded "EFAP" (Endowment with Profit Annually) in its portfolio, it is often a variant of the standard LIC Endowment Plan (Plan No. 914 for Table 914) or a specific term rider. For the purpose of this detailed report, I will outline the LIC Endowment Plan (Table 914) which is the direct successor to the old "EFAP" concept—offering annual reversionary bonuses plus a final additional bonus.

Accuracy: All reports generated are 100% synchronized with LIC’s internal systems, ensuring data reliability. lic efap

While primarily a backend tool for branch staff, the implementation of EFAP directly impacts the quality of service customers receive: Faster Turnaround: Services like address changes, premium status checks , and loan applications are handled more rapidly. Note: While LIC had a specific plan branded

Handouts & Sample Papers: LIC periodically releases "Information Handouts" for candidates appearing in Phase I and Phase II exams, which include sample questions and the paper pattern. What is LIC EFAP

  1. What is LIC EFAP? LIC EFAP is a financial assistance plan designed for LIC employees, providing financial support during difficult times.
  2. Who is eligible for LIC EFAP? LIC employees with a minimum length of service, typically one year, and in good standing are eligible for LIC EFAP.
  3. What benefits does LIC EFAP offer? LIC EFAP offers financial assistance, medical expenses, education loans, and housing assistance, among other benefits.
  4. How do I apply for LIC EFAP? Employees can apply for LIC EFAP by submitting an application form, along with required documents, to the designated LIC office.

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LIC EFAP (Endowment with Profit Annually) – Comprehensive Product Report

1. Executive Summary

LIC EFAP (Table No. 814/914) is a traditional non-linked, participating endowment assurance plan. It is designed for individuals seeking a combination of protection (life cover) and savings (maturity benefit). The "With Profits" feature means policyholders receive annual reversionary bonuses and a final additional bonus (FAB) , declared by LIC based on the corporation's investment performance.

In the context of the Life Insurance Corporation of India (LIC), FEAP stands for Front-End Application Package.

  • Age proof (Birth certificate / 10th mark sheet / Passport)
  • Address proof (Aadhaar / Voter ID / Passport)
  • Income proof (for high Sum Assured)
  • Medical reports (if applicable)