Historical background to employee benefits in India – Provident funds, Superannuation and Gratuity Schemes. Group Insurance Schemes – Segments of group schemes market – Origin and development of group schemes characteristics of groups – group underwriting, rate making and experience rating adjustment. Gratuity and Superannuation Schemes – Different ways of arranging schemes – Un funded schemes and funded schemes – Trustee administered and insured schemes – methods of costing past service benefits and future service benefits – annual premium and single premium – method of costing, definite funding and indefinite funding and controlled funding, methods – cash accumulation system of securing gratuity and pension benefits determination of contribution – rates under gratuity and benefit purchase superannuation schemes. Legal aspects and taxation treatment of retirement provisions under provident, gratuity and superannuation funds – Documentation of Trust deeds and Rules. Data processing and Group Schemes.
