What is lcsa in gratuity?
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Answer # 1 #
It means “Life Cover Sum Assured”. The payment of Gratuity to the employees is a statutory liability imposed on the employers. New Group Gratuity Cash Accumulation Plan offered by LIC is a non-participating , non-linked, fund-based variable insurance policy. Is it total Gratuity liability including those employee who has not yet completed 5 years service d.
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