Is LIC's Gratuity Valuation Enough, or Do We Need an Independent Check? Urgent Advice Needed

My company has LIC group gratuity insurance to cover its gratuity liability. LIC provides the fund balance and actuarial valuation annually. Now, my question is whether my company needs to revalue the gratuity liability with an independent valuer or if the valuation provided by LIC is sufficient. Can anyone advise on this? It's urgent.

You should get an independent valuation done as per AS-15. LIC does the valuation from a perspective of premium calculation.