An employee who joined a company on 01.11.2019 and met with a fatal road accident on 26.06..2020.The employee;s basic salary ( including DA) was 26000/per month ( ie salary being reckoned for calculation of gratuity ) The company has enlisted him under group gratuity scheme linked to L I C of India, as applicable to regular employees .The employee’s age at the time of death was 21 and he had a residual service of 37 years as the standing orders prescribes the age of superannuation as 58.
Please enlighten if the employee is eligible for gratuity and if so how much he would get?
From India, Chennai
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56Please enlighten if the employee is eligible for gratuity and if so how much he would get?
From India, Chennai
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Due to the accident, he has been totally disabled; only then will he get gratuity. Under the Death cum Gratuity Scheme, the employee permanently disabled or the dependents of the deceased employee shall receive gratuity considering his actual service and notional service projected to the date of superannuation. Note that not all policies offer this benefit; only policies that assure death benefits include this provision. An additional premium will need to be paid by the employer for this.
From India, Kannur
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From India, Kannur
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Gratuity Eligibility.pdf
Gratuity eligibility for less than 5 yrs. (4yrs.240days). docx