Lic Efap _top_ May 2026

In this comprehensive guide, we will dissect every aspect of LIC EFAP: features, eligibility, maturity benefits, rebates, loan facilities, and how it compares to other savings plans. LIC EFAP stands for LIC’s Employee’s Guaranteed Savings Plan . It is a with-profit (non-participating) plan, which means the benefits are guaranteed and declared at the time of policy purchase, not dependent on market fluctuations or bonus declarations.

| Rider Name | Benefit | |------------|---------| | LIC’s Accident Benefit Rider | Additional Sum Assured on accidental death or total permanent disability | | LIC’s New Term Assurance Rider | Extra life cover without additional savings component | | LIC’s Critical Illness Rider | Lump sum on diagnosis of specified critical illnesses (cancer, heart attack, etc.) | lic efap

When it comes to securing financial stability, Life Insurance Corporation of India (LIC) has always been a trusted name. Among its diverse portfolio of policies, the LIC EFAP —officially known as the LIC’s Employee’s Guaranteed Savings Plan (Plan No. 861) —is a unique, non-linked, non-participating individual savings life insurance plan. In this comprehensive guide, we will dissect every

Unlike standard term plans or ULIPs, LIC EFAP is specifically designed to cater to the savings and protection needs of salaried employees. Whether you are a private sector worker or a government employee, understanding the nuances of LIC EFAP can help you make an informed decision for long-term wealth creation and family security. | Rider Name | Benefit | |------------|---------| |