LtoR-Asha Murali, secretary, Institute of Actuaries of India(IAI), Preeti Chandrashekhar, president, IAI and Subhendu Bal, president, & chief risk officer, SBI Life Insurance, at a media event on Thursday to announce 25th edition of the Global Conference of Actuaries (GCA) in Mumbai during 22–24 February 2026
“We revise our Indian Mortality Table once in couple of years. The new table is ready and is waiting for the approvals of Indian insurance regulator IRDAI. I won’t be able to reveal what is the new life expectancy of Indians before IRDAI approves. But, I can say it has improved further after Covid-19 pandemic ,’’ said Preeti Chandrashekhar, president, IAI
Mumbai:The Institute of Actuaries of India (IAI), the professional body for actuaries in India, established under the Actuaries Act, 2006, will unveil its new Mortality Table, providing the latest life expectancy of Indians, mostly for the use of insurance players.
A mortality table (or life table) is a statistical, actuarial tool mapping the probability of death for a specific population at each age, usually split by gender. Used heavily by insurance companies to price premiums and calculate life expectancy, these tables show the likelihood of an individual dying before their next birthday.
“We revise our Indian Mortality Table once in couple of years. The new table is ready and is waiting for the approvals of Indian insurance regulator IRDAI. I won’t be able to reveal what is the new life expectancy of Indians before IRDAI approves. But, I can say it has improved further after Covid-19 pandemic ,’’ said Preeti Chandrashekhar, president, IAI, on Thursday.
Talking about the demand –supply mismatch of qualified actuaries, whose services are essential to run an insurance company, in the Indian market, Chandrashekhar said the country has now 800 to 900 full time certified actuaries( who have completed the full set of courses) and around 11000 students are currently pursuing the actuarial study at various levels.
“With the expansion of the Indian economy expands , we have seen relevance of actuarial services and professionals beyond the insurance industry. We are talking to the Reserve Bank of India and Indian Bank Association how students of actuarial study can be deployed for larger banking and finance industry,’’ stated Chandrashekhar ,
“We make financial sense of the future and we actually operate at the intersection of economics, finance, demography and risk and this is a very fine intersection where we can look at the stability of the insurance systems, pension frameworks, healthcare financing and social security mechanisms. As India expands its safety net and seeks long term fiscal and financial sustainability, actual expertise would become central to informed decision making and public trust,’’ explained Chandrashekar adding that India has a massive protection gap and emerging risks like Climate and Cyber are affecting the country.
IAI is also collaborating across different professional bodies outside India, like institute and faculty of actuaries UK, Society of Actuaries in US, Casualty actual society of South Africa and Australia for expanding its outreach.
“We are collaborating with them to see how we can get some of those practices to India,’’ stated Chandrasekhar.
Meanwhile, Chandrashekhar announced the 25th edition of the Global Conference of Actuaries (GCA), marking the Silver Jubilee of India’s most influential platform for risk, insurance and financial sustainability conversations.
The conference will be held in Mumbai between 22–24 February at the Jio World Convention Centre, BKC, Mumbai.,
Set against India’s ambition of becoming a Viksit Bharat by 2047, this year’s theme “Actuarial Pathways to Viksit Bharat: Managing Risks for Inclusive Social and Economic Growth”, positions actuaries at the heart of the country’s long-term and sustainable growth story. From expanding insurance and pension coverage to managing climate-linked risks and strengthening financial resilience, the conference will focus on how data-driven risk thinking can support India’s next phase of development.
Over three days, global actuarial leaders, policymakers and senior industry executives will come together to discuss innovative solutions and to add value to the profession and society at large. Some of the key people addressing the conference over three days will include-
K. Rajaraman, Chairperson, International Financial Services Centres Authority (IFSCA), India,Bozenna Hinton, Immediate Past President, International Actuarial Association (IAA), Canada, Amit Kumar Dubey, Author & National Security Expert, India, Charanjot Singh Nanda, Immediate Past President, The Institute of Chartered Accountants of India (ICAI), CS Pawan G Chandak, President, The Institute of Company Secretaries of India (ICSI), Paul Sweeting, President, Institute and Faculty of Actuaries (IFoA), UK, Dave Dillon, President, Society of Actuaries (SOA), US, Nalen Naidoo, President, Actuarial Society of South Africa (ASSA), South Africa, Frank Chang, Past President, The Casualty Actuarial Society (CAS), US,