Understanding LIC Gratuity: Can You Explain These Key Cost Components?

lalitagangurde92@gmail.com
In LIC of Gratuity, can you give me a bifurcation of the below points:

PV of past service benefit
Current Service Cost
Fund value renewal cost

TIA
nanu1953
You should contact the LIC office with your existing employee database, including past service, date of retirement, and present gratuity gross (Basic & DA). LIC will provide you with the figures you need for your business call.

Regards, S K Bandyopadhyay (WB, Howrah) CEO - USD HR Solutions
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