Current Affairs   »   LIC introduces Technology Platform ‘e-PGS’

LIC introduces Technology Platform ‘e-PGS’

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Life Insurance Corporation (LIC) has launched a centralized web-based workflow-based IT platform called “e-PGS”. The new technology platform, e-PGS, has been designed to provide a centralized collection and payment accounting with a high level of bank integration. It has been designed to provide very innovative features of seamless and integrated banking with automatic reconciliations.

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This system is capable of providing comprehensive self-servicing capabilities through the customer portal. On this portal, corporate customers will be able to view their data, initiate actionable processes and lodge & track claims.

Important takeaways for all competitive exams:

  • Chairman of LIC: MR Kumar;
  • LIC Headquarters: Mumbai;
  • LIC Founded: 1 September 1956.

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