: 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.
: The system operates through roughly 125 separate instances across LIC divisions and offices, managing a total data volume of approximately 200 TB .
As LIC moves forward with eFEAP Next, the focus remains on building a future-ready digital infrastructure that can handle the growing demands of the Indian insurance market, ensuring that the country's largest life insurer continues to deliver on its promise of security and service to its policyholders for decades to come. lic efeap full form
Understanding the full form is just the beginning. Here are the salient features of this unique plan:
The software is heavily relied upon for policy generation and policy lifecycles. It provides a suite of internal modules: : LIC is currently undergoing a significant digital
This scheme highlights LIC’s commitment not just to its policyholders, but to the welfare of its own workforce ("LIC Parivar").
Facilitating the collection of renewal premium dues. As LIC moves forward with eFEAP Next, the
The acronym expands to . It's the centralized software that manages all core business activities—from when a customer first submits a proposal for a new policy all the way to the final settlement of a claim or policy maturity. The "E" (Electronic) is key, as it highlights the evolution of the system into a modern, web-based solution. This evolution is from LIC's earlier, distributed 'Front End Application Package' (FEAP) into a centralized, more powerful system called eFEAP or E-FEAP . Some sources also refer to it as the "Employee's Front End Application Program," which aligns with its role as a tool for LIC's vast workforce to serve customers efficiently.
Closing a policy sale becomes a single-sitting process, enhancing customer satisfaction.