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Calculation of gratuity pemium

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CA Archana (Querist)
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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.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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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.

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