Gratuity is given by the employer to the employee in lieu of the services rendered during the period of employment. Here, we’ll get to learn the criteria and formula for the premium calculation of the Group Gratuity policy. Usually pays the gratuity at the time of retirement but can also pay earlier, provided the below […]
Group Gratuity
What are the various charges applicable to Unit Linked Group Gratuity Plans?
The purpose of a Unit Linked Group Gratuity Plans is to provide the employees with a lump sum benefit on their exit. This benefit is called gratuity. A Unit Linked Group Gratuity Plan is a retirement benefit plan that combines a gratuity benefit with investment options in the stock market. The payouts are based on […]