In V. CHITAMBARESH, SHAJI P. CHALY & SATHISH NINAN, the Full Bench of Justices V. Chitambaresh, Shaji P Chaly and Sathish Ninan held that an employee can claim higher amount of gratuity in excess of the statutory minimum fixed by the Payment of Gratuity Act, in cases where the gratuity insurance schemes availed of by the employer yields higher returns.
Article referred: http://www.livelaw.in/employee-entitled-to-gratuity-over-above-statutory-limit-if-gratuity-insurance-availed-of-by-employer-yields-higher-amount-kerala-hc-fb-read-judgment/
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