Sir,
As per provisions of payment of gratuity act, the liability of employer is limited to payment of gratuity for the period from the date of joining to date of death. But there is a chance to cover the liability from the date of joining to actual date of retirement by paying some extra premium.
N LOKANADHA BABU
From India, Guntur
13As per provisions of payment of gratuity act, the liability of employer is limited to payment of gratuity for the period from the date of joining to date of death. But there is a chance to cover the liability from the date of joining to actual date of retirement by paying some extra premium.
N LOKANADHA BABU
From India, Guntur
Gratuity is compulsory for those staff who has completed 5 yrs (240 days in a year) during his/ her tenure before this time he/ she is not eligible for gratuity. Staff who has completed only 3 months of his/ her service, he/ she is not eligible for the same.
From India, Delhi
From India, Delhi
Dear Rajniverma,
You are requested to kindly read the query once again. You are also requested to kindly read the Section 4(1) of PoG Act which is given below verbatim and then give appropriate answer to the query.
Section 4(1): Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years,-
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease;
Provided that the completion of continuous service of five years shall not be necessary where the termination of the employment of any employee is due to death or disablement:
From India, Mumbai
You are requested to kindly read the query once again. You are also requested to kindly read the Section 4(1) of PoG Act which is given below verbatim and then give appropriate answer to the query.
Section 4(1): Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than five years,-
(a) on his superannuation, or
(b) on his retirement or resignation, or
(c) on his death or disablement due to accident or disease;
Provided that the completion of continuous service of five years shall not be necessary where the termination of the employment of any employee is due to death or disablement:
From India, Mumbai
Dear Friends,
Please go through my posts in below given link to understand how the gratuity Insurance Policy is important though the same is not made mandatory except in AP & Telangana.
https://www.citehr.com/445918-gratui...-accident.html
From India, Mumbai
Please go through my posts in below given link to understand how the gratuity Insurance Policy is important though the same is not made mandatory except in AP & Telangana.
https://www.citehr.com/445918-gratui...-accident.html
From India, Mumbai
Dear Mr. Sashikumar,
When one takes a GGCP (Group Gratuity Cash Accumulation Plan) from LIC, it has two components
a) Gratuity Liability
b) Future Service Gratuity Liability (which, in their quote was mentioned as "Life Cover")
Essentially, LIC is covering their risk of having to pay 20L gratuity in case of death in service by providing a Life Cover of same amount and charging a premium from employer.
I have attached a pdf based on the quote received by us and my understanding of this Life Cover issue.
LICs use of the term "Life Cover" creates confusion.
regards,
Arun
From India, Kochi
When one takes a GGCP (Group Gratuity Cash Accumulation Plan) from LIC, it has two components
a) Gratuity Liability
b) Future Service Gratuity Liability (which, in their quote was mentioned as "Life Cover")
Essentially, LIC is covering their risk of having to pay 20L gratuity in case of death in service by providing a Life Cover of same amount and charging a premium from employer.
I have attached a pdf based on the quote received by us and my understanding of this Life Cover issue.
LICs use of the term "Life Cover" creates confusion.
regards,
Arun
From India, Kochi
Dear Seniors, Please confirm me if the employees will resign job after 2 years so he is applicable for Gratuity please revert to us also tell me in case of death.
From India, undefined
From India, undefined
In case of death at least minimum 1 year service should be required. Same is applicable even in case of Gratuity Policy is taken from LIC. LIC will also pay as per Gratuity Act.
So in case death after 3 months of joining of service no eligibility arises for Gratuity.
From India, Lucknow
So in case death after 3 months of joining of service no eligibility arises for Gratuity.
From India, Lucknow
The qualifying service of 5 years is not required in case of termination of service due to death. But the person should have put in at least one year of service, otherwise, the calculation itself is not possible. However, I would suggest to calculate gratuity for the minimum period, i.e., one year in cases like the present one, as a good gesture.
From India, Madras
From India, Madras
Dear All seniors As per my knowledge, Five years is not bounded as Accident case or death case. All condition remove in death cases.
From India, Pune
From India, Pune
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Payment of Gratuity Act, 1972 & The Rules.ppt
THE PAYMENT OF GRATUITY ACT 1972.doc