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â¢ Insured Earnings is the earnings as. described in your policy and used to. calculate your employeeâs benefits. â¢ It can vary depending on the definition. you choose for each eligibility group. â¢ Changes to insured earnings become. effective at the Insured Earnings.
Box 24: EI Insurable Earnings This is the amount of earnings subject to EI premiums. Box 24 should be blank if its value is the same as box 14, the employeeâs insurable earnings are equal to or more than the maximum for the year, or if the employee has no insurable earnings.ox 24: EI Insurable Earnings This is the amount of earnings subject to EI premiums. Box 24 should be blank if its value is the same as box 14, the employeeâs insurable earnings are equal to or more than the maximum for the year, or if the employee has no insurable earnings.