Question

How is the Gratuity Insurance Plan described?

a.

A plan providing living benefits

b.

A plan providing only death cover

c.

A deposit administration type of gratuity liability offered by life insurance companies to employers

d.

A plan providing coverage for a specified period

Posted under IC 89 Management Accounting

Answer: (c).A deposit administration type of gratuity liability offered by life insurance companies to employers Explanation:Gratuity Insurance Plan can be described as a deposit administration type of gratuity liability offered by life insurance companies to employers.

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Q. How is the Gratuity Insurance Plan described?
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