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  #2  
9th March 2016, 12:18 PM
Super Moderator
 
Join Date: May 2012
Re: Actuary Pay Scale

On your demand buddy I will get the information about the post of Actuary and will also get the pay scale details offer to them.

Here is the pay scale details
Salary
Rs 291,725 - Rs 4,035,942

Bonus
Rs 5,045 - Rs 775,664

Profit Sharing
Rs -21.77 - Rs 202,028

Commission
Rs 50,000

Total Pay (?)
Rs 296,586 - Rs 4,618,655

Here are the duties of an Actuary

Compile statistical data and other information for further analysis

Estimate the probability and likely economic cost of an event such as death, sickness, an accident, or a natural disaster

Design, test, and administer insurance policies, investments, pension plans, and other business strategies to minimize risk and maximize profitability

Produce charts, tables, and reports that explain calculations and proposals

Explain their findings and proposals to company executives, government officials, shareholders, and clients

What Actually and Actuary do
Actuaries analyze the financial costs of risk and uncertainty.

They use mathematics, statistics, and financial theory to assess the risk that an event will occur and help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry.


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