Branch offices use it to receive cash/cheque payments at counters and manage payments to agents and employees.
In 95% of cases, seeing the term EFEAP requires from the policyholder. It is simply an informational note confirming that an automated financial adjustment took place. lic efeap full form
LIC EFEAP likely refers to "LIC's Employee Family Education Assistance Program" — however that's not a widely recognized standard acronym. Assuming you want a solid guide about LIC EFEAP, here’s a concise, practical overview and template you can adapt. Branch offices use it to receive cash/cheque payments