Question

What type of Gratuity Insurance Plan do life insurance companies offer to employers?

a.

Term Insurance Plan

b.

Unit-linked Insurance Plan

c.

Endowment Policy

d.

Deposit Administration type of Gratuity liability

Posted under IC 89 Management Accounting

Answer: (d).Deposit Administration type of Gratuity liability Explanation:Life insurance companies offer Gratuity Insurance Plan to employers as a Deposit Administration type of Gratuity liability.

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Q. What type of Gratuity Insurance Plan do life insurance companies offer to employers?
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