Insurance regulator – IRDA on Wednesday relaxed accounting norms for insurance companies. This is to take care of higher liability arising out of increased gratuity for their employees. Last year, the government had increased gratuity limit for all employees to 10 lakh from 3.5 lakh rupees and also revised payment structure of employees of Public sector entities.The regulator allowed the insurance and re-insurance companies to pay off in regular intervals the additional liability on account of gratuity over a period of five years starting from financial year 2010-11.