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In the 1970s and 1980s, the Indian government and LIC management realized that standard market policies were insufficient to retain talent and provide long-term financial security to employees. Unlike government employees who had the General Provident Fund (GPF) and pension, LIC employees contributed to the .

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It was developed internally by LIC employees or in collaboration with Indian IT firms like Wipro . In the 1970s and 1980s, the Indian government

Maintaining extensive records of policyholder data, agent hierarchies, and premium collections. In the 1970s and 1980s

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