Request HR to issue your LIC EFAP e-card or physical card. You can also download it from LIC’s group portal if enabled.
To be eligible for the regular scholarship, candidates must meet the following standards:
Services can be delivered in person, over the phone, or via virtual video sessions to ensure convenience. Benefits of the LIC EFAP
Existing LIC Policy Holder - Managing Your Insurance with Ease lic efap
| Feature | Specification | | :--- | :--- | | | Endowment Assurance (Participating/With Profits) | | Entry Age (Min/Max) | 8 years (minimum) / 55 years (maximum) | | Policy Term | 12 to 35 years | | Maturity Age | Maximum 70 years | | Sum Assured (Min) | ₹1,00,000 (no maximum limit, in multiples of ₹5,000/₹10,000) | | Premium Payment | Regular (Yearly, Half-Yearly, Quarterly, Monthly) | | Premium Payment Term (PPT) | Equal to Policy Term (full payment) | | Grace Period | 15 days (monthly) / 30 days (yearly, half-yearly, quarterly) | | Free Look Period | 15 days from policy receipt | | Policy Loan | Available after 2 years for paid-up policies (subject to conditions) |
When a customer pays a premium or changes an address, the EFAP system facilitates the real-time update of the file. 📈 Impact on Policyholders and Agents
Disclaimer: This report is for informational purposes only. Bonus rates, tax laws, and policy terms are subject to change. Please consult an LIC advisor or refer to the official policy bond before purchasing. Request HR to issue your LIC EFAP e-card or physical card
Resources for financial planning and debt management reduce stress, enhancing the employee’s quality of life. Conclusion
Riders are subject to conditions and increase the total premium.
Buying LIC EFAP is a straightforward process. You can: Benefits of the LIC EFAP Existing LIC Policy
: Allows policyholders to receive status reports, revival quotations, and loan quotations on demand. Administrative Tasks
LIC EFAP stands for Life Insurance Corporation's Endowment cum Health Assurance Plan. It's a type of savings plan that combines the benefits of life insurance and health insurance. With LIC EFAP, you can ensure a financial safety net for your loved ones while also securing your health.