(Table No. 814/914) is a traditional non-linked, participating endowment assurance plan . It is designed for individuals seeking a combination of protection (life cover) and savings (maturity benefit). The "With Profits" feature means policyholders receive annual reversionary bonuses and a final additional bonus (FAB) , declared by LIC based on the corporation's investment performance.
| Parameter | LIC EFAP (Table 914) | LIC Jeevan Labh (Table 936) | LIC New Jeevan Anand (Table 915) | | :--- | :--- | :--- | :--- | | | Equal to policy term | Limited (16/25 years) | Equal to term | | Maturity Benefit | SA + Bonus | SA + Bonus | SA + Bonus + Accidental benefit equivalent to SA | | Death Benefit | SA + Bonus | SA + Bonus | SA + Bonus + SA again (double cover) | | Term Range | 12-35 years | 16/25 years only | 15-35 years |
Life Insurance Corporation of India (LIC) is not just India’s largest insurer; it is also one of the country’s biggest employers. For its dedicated workforce, LIC runs several welfare schemes. Among them, one of the most critical yet less-discussed is the – Employees’ Family Assistance Plan . lic efap
If you or your family members are facing challenges, reaching out to the LIC EFAP is a positive step towards resolving them and improving your well-being.
: When you settle premiums via alternative routes like the LIC Portal , internal network structures record the transactions instantly. (Table No
Services can be delivered in person, over the phone, or via virtual video sessions to ensure convenience. Benefits of the LIC EFAP
Note: This is a lump-sum payment at the end of the term. Among them, one of the most critical yet
If no spouse or child exists, the amount goes to the legal heir as per succession law. However, monthly assistance is paid only to a dependent family member (spouse/minor children).
LIC's family pension is an internal employment benefit, whereas EPS is a statutory pension scheme for employees covered under the Employees' Provident Fund (EPF) Act. While both provide a monthly pension to families, they operate under different legal frameworks and are funded by different entities (the employer vs. the EPFO).
Enables quick updates such as change of address and policy status reports to enhance the customer experience. Benefits for LIC Agents