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This lump sum can be used for retirement planning, children’s higher education, marriage, or purchasing a home. lic efap
The LIC EFAP offers several features that make it an attractive benefit for LIC employees. Some of the key features of the plan include: LIC Contact Us - Reach Out for Insurance
is a solid choice for risk-averse employees who prioritize capital protection and guaranteed returns over high-growth, high-risk investments. It works best as part of a balanced portfolio —you can allocate a portion of your savings to EFAP for the debt-like stable component, while investing in equity mutual funds or PPF for growth. children’s higher education