Calculating and processing survival benefits and maturity benefits for policyholders.
The primary and official full form of in the context of LIC is: Enterprise Front End Application Package .
Handling cash and cheque receipts at counters, as well as payments to employees and agents. The Future: eFEAP-Next lic efeap full form
Generating essential documents such as revival quotations , loan quotations , and surrender quotations .
It handles the entire life insurance business for LIC, managing data for millions of customers. It serves as the primary "front-end" interface for
eFEAP is the and operational platform currently used by LIC. It serves as the primary "front-end" interface for LIC employees and agents at branches across the country. Key characteristics include:
LIC operates approximately 125 separate instances of eFEAP across various divisions and zonal offices, with a total data volume of roughly 200 TB . and premium collections.
While some sources also refer to it as the , the "Enterprise" designation is the standard used in official LIC technical documents and RFPs. What is LIC eFEAP?
The eFEAP software is designed to streamline complex insurance processes into a simple, menu-based interface. Its main functions include:
Maintaining extensive records of policyholder data, agent hierarchies, and premium collections.