Tag: insurance - introduction and importance
Questions Related to insurance - introduction and importance
_______ is paid to the workers who fulfill certain eligibility conditions like a minimum qualifying service period of five years.
The contribution paid by the employer is ___ of basic wages plus dearness allowance plus retaining allowance.
As per the EPFO rules, the contribution rate for both employee and the employer is limited to 12 percent.(in the case of more than 20 employees)
There are two major social security plans in India, the Employees Provident Fund Organization (EPFO) and the Employees State Insurance Corporation (ESIC).
India's social security schemes cover the following types of social insurances as ______.
_______ allows for payment of gratuity to employees in any establishment, factory, mine, oilfield, plantation, port, railways, company, or shop employing 10 or more workers.
Under the Payment of Gratuity Act, 1972 the maximum gratuity payable is _____.
A _______ is a tax-efficient way to save for your retirement.
The eligibility condition for obtaining gratuity under the Payment of Gratuity Act, 1972 is ___________________.
What is the qualifying service to claim gratuity?