| Benefit | Applicable After | Source | Monthly? | |---|---|---|---| | | Death while in service | LIC welfare fund | Yes (50% of pay) | | Family Pension | Death after retirement | Pension fund | Yes (but lower amount) | | Gratuity | Death (anytime) | Employer | No (lump sum) | | LIC’s Group Insurance | Death while in service | Insurance | No (lump sum) |
In this blog post, we will cover:
(Note: All bonus rates are illustrative only; actual bonuses depend on LIC’s annual declarations.) lic efap
. This is a digital system implemented to enhance customer service and streamline internal office operations across its thousands of branches. While "EFAP" is commonly used globally for Employee and Family Assistance Programs | Benefit | Applicable After | Source | Monthly