LIC Group Gratuity Schemes

Hi,
We want to make provision for Gratuity. Can any one guide me about LIC-Group Gratuity Scheme. What is the calculation? Is it a benefit for the company or one kind of risk level policy?
Please explain me in detail.

Hi all,
In my co. we have LIC Group Gratuity Scheme. One of my colleague retired from co. but unfortunately his gratuity (worked for more than 10 yrs.)was not claimed during the period. Now after 2 yrs., when he claimed his gratuity to company, the company said that LIC will not pay gratuity amount as his claim was not submitted within the period. So, my question is that is it true what the company told to my company? and if it's true, then what will be the possible way to get his gratuity?

Hi All,
Please find attached the details of LIC Group Gratuity Cash Accumulation Plan.

HI Memeber,
Can any body guide me how to claim the Gratuity under GGCA scheme of LIC.
An employee is working for more then 10 years in the company that time Gratuity scheme was not implemented in the company and his age was 58 years, and GGCA scheme was implemented in 2017 when his age reach to 60 Years. where as policy has age limit of 58 Years. In such condition can this employee are eligible for gratuity benefit for the period he has worked for the company. if not what about the gratuity contribution deducted from his salary?Please suggest.
Rishi Jalan

Hi. I am B. Gururaja, working in LIC in the capacity of Sr. Manager, having 25 years of experience, now catering to Corporate needs of Employee Benefit schemes like Gratuity, Superannuation, Leave Encashment, Group term Insurance, Group Insurance in lieu of EDLI by PF, etc.
If any of you are interested, please let me know. You can contact me on 9066307727 or mail me on [Login to view].