Dear Shyamrao,
Compulsion is for payment of gratuity, not for insurance atall. Gratuity insurance is a policy of insurance business. They offer insurance policy to small employers based on the number of employees, their pay structure etc. and collect premia regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee as the case may be. It is the choice of the employer either to pay the gratuity from his own funds or through a insurance policy.
From India, Pune
22Compulsion is for payment of gratuity, not for insurance atall. Gratuity insurance is a policy of insurance business. They offer insurance policy to small employers based on the number of employees, their pay structure etc. and collect premia regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee as the case may be. It is the choice of the employer either to pay the gratuity from his own funds or through a insurance policy.
From India, Pune
Dear Shyamrao,
Compulsion is for payment of gratuity, not for insurance atall. Gratuity insurance is a policy of insurance business. They offer insurance policy to small employers based on the number of employees, their pay structure etc. and collect premia regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee as the case may be. It is the choice of the employer either to pay the gratuity from his own funds or through a insurance policy.
From India, Pune
Compulsion is for payment of gratuity, not for insurance atall. Gratuity insurance is a policy of insurance business. They offer insurance policy to small employers based on the number of employees, their pay structure etc. and collect premia regularly. Whenever the gratuity becomes payable to any employee of the insured employer, the insurance company pays the gratuity (fulfills the gratuity liability of the said employer as required under the Payment of Gratuity Act, 1972) to the retired/parting employee or legal heirs of the deceased employee as the case may be. It is the choice of the employer either to pay the gratuity from his own funds or through a insurance policy.
From India, Pune
Prabhat Agarwal Please let me know about the applicability of gratuity on the assistant teachers of private primary schools (recognised / unaided)
From India, Mumbai
From India, Mumbai
Dear Shri Prabhat Ji,
Earlier the Hon. Supreme Court of India had held that the teachers not being workers as per the definition of worker, were not eligible for gratuity under the Payment of Gratuity Act, 1972. This has been subsequently amended by the parliament to include teachers in the definition of eligibility for gratuity. The amendment has taken place in the year 2009. Now all teachers are eligible for gratuity under the Payment of Gratuity Act, 1972 as amended from time to time. If you have any difficulty in getting gratuity for some teacher, please do contact me through this website. Thanks and regards,
From India, Pune
Earlier the Hon. Supreme Court of India had held that the teachers not being workers as per the definition of worker, were not eligible for gratuity under the Payment of Gratuity Act, 1972. This has been subsequently amended by the parliament to include teachers in the definition of eligibility for gratuity. The amendment has taken place in the year 2009. Now all teachers are eligible for gratuity under the Payment of Gratuity Act, 1972 as amended from time to time. If you have any difficulty in getting gratuity for some teacher, please do contact me through this website. Thanks and regards,
From India, Pune
Hi All,
I am very much glad to all of you that you spares a time on my Question which I put up for Gratuity Registration. I completely understand the procedure and which I now feel is simple and easy to understand.
I admired all of you for your valuable reply.
Thanks & Regards,
Gajraj Singh
From India, Mumbai
I am very much glad to all of you that you spares a time on my Question which I put up for Gratuity Registration. I completely understand the procedure and which I now feel is simple and easy to understand.
I admired all of you for your valuable reply.
Thanks & Regards,
Gajraj Singh
From India, Mumbai
Hi Madhu,
I am very much glad for you that you spares a time on my Question which I put up for Gratuity Registration. I completely understand the procedure and which I now feel is simple and easy to understand.
I admired all of you for your valuable reply.
Thanks & Regards,
Gajraj Singh
<image no longer exists> [IMG]http://img.citehr.com/buttons/edit.gif[/IMG] <link updated to site home> ( Search On Cite | Search On Google )
From India, Mumbai
I am very much glad for you that you spares a time on my Question which I put up for Gratuity Registration. I completely understand the procedure and which I now feel is simple and easy to understand.
I admired all of you for your valuable reply.
Thanks & Regards,
Gajraj Singh
<image no longer exists> [IMG]http://img.citehr.com/buttons/edit.gif[/IMG] <link updated to site home> ( Search On Cite | Search On Google )
From India, Mumbai
Andhra Pradesh state govt notification on compulsory gratuity insurance attached herewith for your peruasal.... Ramakrishna 9703100700
From India, Hyderabad
From India, Hyderabad
Dear sir, Please Clear the topic of Payments of Gratuity it my self, i am working same director organization is another another 1st 2 year x company and then transfer to another company and worked 1.5 year and after then transfer to first company totally service is 6 year but present Factory management is refuse the payments he saying the you are not complete the 5 year, so request to you how can received the gratuity amount company management is stop the said amount
1. can any rule and regulation( same owners) but company name is diff rents-2
Please get valuable advice in my id awaiting for your reply and suggestion.
Thanks and regards
Vikram Singh
From India, Surat
1. can any rule and regulation( same owners) but company name is diff rents-2
Please get valuable advice in my id awaiting for your reply and suggestion.
Thanks and regards
Vikram Singh
From India, Surat
If you were transferred to different units as per the company's policy, then your service will be treated as uninterrupted and you will be eligible for gratuity. On the other hand, instead of a transfer letter on each instance, if you were given appointment letters you will not get gratuity easily. I have used the word easily because, you will have to prove that your transfers were for the benefit and interest of the different establishments of the same management and not as per your requests. If the company says that each time yo were taken as a new employee you have to defend by demanding your application for the job. It is very usual that no person is given job without collecting at least an application for job!
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
REGISTRATION & LICENSING UNDER DELHI S&E ACT.pdf
Registration for EPF-Procedures & documents.docx