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 a lump sum benefit on their exit. This benefit is called gratuity. When a policy holder goes for a group gratuity plan from an insurance provider, he is levied with the following charges: Fund Management Charge: It is the charge applicable […]