Here are some frequently asked questions about LIC E-FEAP:
The application typically runs on the Linux operating system and was originally introduced around 2010 to replace older manual or fragmented systems.
Have you ever wondered what powers the seamless policy updates and quick claim settlements at LIC? Meet Enterprise Front End Application Package lic efeap full form
In the 1970s and 1980s, the Indian government and LIC management realized that standard market policies were insufficient to retain talent and provide long-term financial security to employees. Unlike government employees who had the General Provident Fund (GPF) and pension, LIC employees contributed to the .
Calculating and triggering payments to customers when their life insurance plans mature. Here are some frequently asked questions about LIC
LIC's eFEAP is a sophisticated enterprise-grade application. Here are the key technical details:
Primarily built using Java (Struts framework) and RESTful services. Database: Utilizes MySQL for data storage. Unlike government employees who had the General Provident
Branch offices use it to receive cash/cheque payments at counters and manage payments to agents and employees.
In the architecture of LIC’s automated ledger and digital payment systems, this term represents a specific category of premium collection. It bridges the gap between an electronic payment authorization and its final allocation to a policy ledger. The Core Concept Behind EFEAP
Facilitates the speedy completion of insurance proposals and the dispatch of policy documents.
Introduced around 2010 and running primarily on the Linux platform, eFEAP was designed to centralize data across LIC's vast network of offices. It serves as the primary interface for almost all internal business activities.