30 April 2012
Hi, We need to pay the gratuity premium for our company to LIC. I wanted to cross check the premium calculation given to us by the LIC department.Can anybody suggest the way of premium calculation.
02 May 2012
It is a matter of "insurance product" depending upon age, salary and probable interest rates which would be fetched in future. . An Actuary do such work and it is very typical looking into number of employees. . For some idea how it is worked; you may refer AS 15.
CAclubindia
