Categories: Business

LIC introduces Technology Platform ‘e-PGS’

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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