Our Policy Group Gratuity Scheme includes the following details:
1) 10 employees
2) Average age of 47.30
3) Average monthly salary of Rs. 8533.70
4) Average past service of 20.80
5) Present Value (PV) of past service benefit: Rs. 997598
6) Current service cost: Rs. 47264
7) Total service gratuity: Rs. 1487271
8) Accrued gratuity: Rs. 1017827
9) LCSA: Rs. 469444
10) Fund value as of the renewal date: Rs. 874438
Please calculate the annual gratuity premium.
From India, Shimla
1) 10 employees
2) Average age of 47.30
3) Average monthly salary of Rs. 8533.70
4) Average past service of 20.80
5) Present Value (PV) of past service benefit: Rs. 997598
6) Current service cost: Rs. 47264
7) Total service gratuity: Rs. 1487271
8) Accrued gratuity: Rs. 1017827
9) LCSA: Rs. 469444
10) Fund value as of the renewal date: Rs. 874438
Please calculate the annual gratuity premium.
From India, Shimla
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