LIC is not resting on its laurels. The corporation has already initiated the next phase of its IT evolution, aptly named
Tracks multi-tier agent hierarchies, monthly sales targets, and automated commission payouts. Why eFEAP is Vital for LIC Operations 1. Simplification of Complex Insurance Logic lic efeap full form
Traditionally, it is a multiple of the employee’s average monthly emoluments (basic + DA + qualifying allowance). For many years, it was 5 to 10 times the monthly salary, but LIC revises this periodically through internal circulars. LIC is not resting on its laurels
It is a menu-based program designed to be user-friendly, requiring minimal computer expertise for standard operations. 🌐 Impact on Policyholders aptly named Tracks multi-tier agent hierarchies
(LIC Housing Finance)
Replacing legacy systems with a modern core insurance application.