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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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