Lic Efeap Full _verified_ Form Jun 2026

Because EFEAP is an employer-employee group insurance scheme, tax treatment differs from standard LIC policies (like Jeevan Anand or Tech Term).

Processing premium payments, loan disbursements, and policy maturity payments. 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. and policy maturity payments. Traditionally