Madurai: The Madurai Division of Life Insurance Corporation (LIC) 
will phase out the use of paper slowly with the introduction of Enterprising Data Management System (EDMS), which would pave way for keeping records in electronic form.
S.Chandrashekar, Senior Divisional Manager of the LIC said the EDMS would facilitate LIC transactions by a policy holder from anywhere in the country.
The EDMS facility had been introduced in Madurai division
as a pilot scheme in the south zone. It is the second division in the country to get it. The uploading of the data has already begun and the exercise would be completed in a year’s time, he said.
The LIC has also introduced Electronic Clearance System (ECS) in all its Madurai Branches to enable policy holders pay premiums using automatic debit facility from banks. There was also a plan to introduce credit card after the ECS.
will phase out the use of paper slowly with the introduction of Enterprising Data Management System (EDMS), which would pave way for keeping records in electronic form. S.Chandrashekar, Senior Divisional Manager of the LIC said the EDMS would facilitate LIC transactions by a policy holder from anywhere in the country.
The EDMS facility had been introduced in Madurai division
as a pilot scheme in the south zone. It is the second division in the country to get it. The uploading of the data has already begun and the exercise would be completed in a year’s time, he said. The LIC has also introduced Electronic Clearance System (ECS) in all its Madurai Branches to enable policy holders pay premiums using automatic debit facility from banks. There was also a plan to introduce credit card after the ECS.
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