When to calculate the indemnity. Are we calculating the monthly commission within?

Question

Omar Ahmad · Answer

indemnity should calculated on total salary eaned including all benefit on average salary for the last 12 month

Anandh Chakkravarthy · Answer

Indemnity should be calculated till the last day of his/her notice period if it is resignation which includes other fixed benefits ,If any ?

Hani Al-Nabulsi · Answer

to get total salary for indemnity we inculde the average commissions was paid for last 12 months.

average commission + monthly salary = salary for indemnity.

MUHAMMED ANSARI · Answer

Basic pay,commission, incentives, obligatory bonuses, gratuities from third parties and employee,will be used to calculate the terminal compensation or indemnity

Parvez Nayeem · Answer

The indemnity is paid after the waiting period set out in the policy.
 
Some policies make no provision for a waiting period as regards some causes of loss. In this case, the insurer pays the indemnity immediately (in practice within 30 days).

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When to calculate the indemnity. Are we calculating the monthly commission within?

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