Lic Efeap - Full Form ~upd~

| 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 |

: Enables on-demand services such as policy status reports, loan and revival quotations, and change of address. Operational Efficiency lic efeap full form

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The primary and official full form of in the context of LIC is: Enterprise Front End Application Package . | Scenario | Benefit Received | Who Gets It

Reduced "time-lag" for claim settlements and policy issuance. Reduced "time-lag" for claim settlements and policy issuance