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.
From India, Bangalore
Acknowledge(0)
Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
118CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Gratuity Valuation knowledge.pdf
Group Insurance Scheme in Lieu Of EDLI.doc