Showing posts with label Group Gratuity. Show all posts
Showing posts with label Group Gratuity. Show all posts

Saturday, 12 January 2013

Group Gratuity Scheme

This is a cash accumulation scheme provided by LIC which enables you, as an employer, to meet the gratuity liability in a simple and efficient manner. Many services are attached to this plan such as- fund management under interest accumulation system, built insurance arrangement for the employees for future service, MIS related to income tax and trusts accounts and actuarial valuation, Claim settlement on exit as per company rules.

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