The EFAP serves as the primary digital interface for LIC employees at branch offices to handle high volumes of policy data. Its core functionalities include: Real-Time Data Processing:
While LIC had a specific plan branded "EFAP" (Endowment with Profit Annually) in its portfolio, it is often a variant of the standard LIC Endowment Plan (Plan No. 914 for Table 914) or a specific term rider. For the purpose of this detailed report, I will outline the LIC Endowment Plan (Table 914) which is the direct successor to the old "EFAP" concept—offering annual reversionary bonuses plus a final additional bonus. lic efap
: Used to generate reports on daily collections, premium receipts, and transaction reconciliations. The EFAP serves as the primary digital interface