KARNATAKA COMPULSORY GRATUITY INSURANCE RULES, 2024

Key Highlights *No Insurance company currently sells a Group Gratuity product without a Gratuity Trust Key Observations:  All  Gratuity  Products  offered  by  Insurance  companies  have  a mandatory  requirement  to  set  up  a  Gratuity  Trust.  Thus,  60  days  can  be  considered  a tight  deadline  for  obtaining  an insurance  policy An  employer  should  ensure  that  premium  towards  [...]