LIC launches IT Platform ‘e-PGS’ for group business operation
- The Life Insurance Corporation of India (LIC) has launched a new IT platform for its group business operations, under the name ‘e-PGS’.
- e-PGS has been launched as a centralized web-based work-flow-based IT platform, providing centralized collection and payment accounting with high level of bank integration through host to host connectivity.
- The portal would provide very innovative features of seamless and integrated banking with automatic reconciliations.
- e-PGS would also provide comprehensive self-servicing capabilities through customer portal where corporate customers will be able to view their data, initiate actionable processes, lodge and track claims.
Source: The HANS India