Institute Actuarial Valuation

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Here I am providing you with the detail of the Valuation in the Institute of Actuaries of India.

Assets/Liabilities (Rupees in 000’s) 31 03 2006 3103 2007
1. Present Value of obligation 7,500 10,000
2. Fair Value of Plan Assets 6,250 7,950
3. Net asset/ (liability) recognized in balance sheet 1,250 2,050

Employer Expense (Rupees in 000’s) Year ending 31 03 2007
1. Current Service Cost 2,500
2. Total Employer expense 2,800

Summary of Membership Data
As at 31 03 2006 31 03 2007
Number of employees 500 530
Total Monthly salary in Rupees in 000’s 5,000 5,500
Average past service 12 13
Average age 37 38

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Contact detail:-

Institute of Actuaries of India
302, Indian Globe Chambers,
142, Fort Street, Off D N Road, Mumbai - 400 001
Tel: 022 2269 1049, 2269 1051
Fax: 2269 1052

Map:-

Attached Files Available for Download

Valuation in the Institute of Actuaries of India.pdf (145.0 KB, 20 views)