korgaonkar k aDear Friend,
I advise you to read the thread in below given link. Make your own study first on the subject then your query will be welcomed by me.
I further request you to name your State in which you operate your company. It seems to me that you are from A.P.
From India, Mumbai
Aniket PathakSure you can do that, but, then you as a company will be liable to pay the gratuity.
From India, Pune
ashoka-sinha1Yes LIC has Group Insurance Scheme. You can contact them. The contribution is based on employee’s basic salary. The payment of gratuity is within a month.
From India, Kolkata
sanjib_kjrThe Life Insurance Corporation has Group Gratuity Insurance Scheme & for EL Encashment Also. So You may contact the LIC Office for details of the scheme. In my company we are also depositing Gratuity & EL through LIC.
SANJIB KUMAR PANIGRAHI
MANAGER - HR & ADMIN, ODISHA
Note: Looking for a Change. Vacancy in HR & Admin Dept. at Odisha - Preferred Area - Keonjhar, Cuttack, Bhubaneswar etc. in any reputed company may intimated through my mail id:
From India, Bhubaneswar