Efap: Lic

| 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 |

The EFAP system isn't just a database; it is a comprehensive toolset that mirrors the official reports generated by LIC’s central servers. Key functionalities include: 1. Policy Servicing lic efap

Paid-up Sum Assured = (Total premiums paid / Total premiums payable) × Basic Sum Assured | Parameter | LIC EFAP (Table 914) |