Calculation of gratuity pemium
This query is : Resolved
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.
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.
.
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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