Lic Efap May 2026

One of the most attractive features of LIC EFAP is the Guaranteed Additions credited at the end of each policy year. These are fixed amounts per ₹1,000 of Sum Assured, depending on the policy term:

These additions accumulate and are payable along with the Sum Assured on maturity or death.

On survival till the end of the policy term, the policyholder receives:

This lump sum can be used for retirement planning, children’s higher education, marriage, or purchasing a home. lic efap

Before purchasing LIC EFAP, compare it with other debt options like PPF, RBI Bonds, and LIC’s own Jeevan Labh using an IRR calculator. Speak to a certified financial planner or your LIC agent to tailor the Sum Assured and term to your exact goals.

Disclaimer: This article is for informational purposes only. Insurance products are subject to risks. Please read the policy document (Sales Brochure & Policy Contract) carefully before concluding the sale. Returns and tax benefits are based on current laws and may change. Consult a tax advisor for individual advice.

Final Word: LIC EFAP revives the old-world charm of guaranteed savings with the reliability of India’s largest insurer. For employees seeking peace of mind and a disciplined savings habit, EFAP remains a commendable choice. Plan wisely, invest early, and secure your family’s future. One of the most attractive features of LIC

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Here is an overview of the feature typically associated with this request:

Yes, unless the employee’s service rules specifically exclude suicide (generally LIC does not exclude it after 1 year of service). However, always confirm with HR. These additions accumulate and are payable along with

If the life assured survives the entire policy term:

Note: This is a lump-sum payment at the end of the term.