Hello, Seniors,
Is the group personal accident and Medicalim policy premium amount to be added to CTC, or does the employer have to bear this cost? We are a start-up, and 70% of the staff are in sales; hence, management decided to go for an insurance policy. As it is an expense to the company, is it mandatory to add it to Gross CTC or not? Please advise.
From India, Madras
Acknowledge(0)
Amend(0)
1Is the group personal accident and Medicalim policy premium amount to be added to CTC, or does the employer have to bear this cost? We are a start-up, and 70% of the staff are in sales; hence, management decided to go for an insurance policy. As it is an expense to the company, is it mandatory to add it to Gross CTC or not? Please advise.
From India, Madras
Acknowledge(0)Amend(0)CiteHR 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.
Personal Accident Policy for Mah Govt employees 18.2.2017.pdf
Canteen Policy.doc