- Actuarial consulting specializing in Valuation of Employee Benefits valuation India like Gratuity Provision, Pension , PF, Compensated Absence Actuarial Valuation, Leave Actuar Valuation India, AS 15, AS15, IND AS 19 etc. in India as per Indian Accounting Standards (AS 15 (R) and Ind AS 19) & overseas standards (IAS 19(R), FRS 17, FAS87/158, NAS 19, LKAS 19 (Revised 2013)).
- Actuarial valuations of non-traditional benefit plans like Leave Travel Allowance, Provident Fund plans, miscellaneous benefits given to employees in the form of Reward points, Employee Stock Options, Medical leaves, Health Insurance benefits etc.
- Assumption studies to include analysis of past data provided by the company by using statistical tools to give the company best estimates of assumptions like withdrawal, leave availment rates, etc which are further used in actuarial valuations of the company’s employee benefit liabilities.
- Assistance to large companies in Data Management to include data collection, collation, quality maintenance and reconciliation of data. Contct us for best Employee Benefits Consulting in India
Plan Design/Redesign Studies: We assist clients in designing benefit plans for their employees based on their employee census, the purpose of setting up benefit plan, funding goals, and liquidity and economic scenario of the company. We also assist clients in redesigning their existing benefit plans to cater to the changing scenario of the market in general and company in particular.
Actuarial Audit: We work closely with various audit firms and assist auditors in scrutinizing/auditing actuarial valuation reports of clients. We provide the auditors with a thorough audit analysis report which includes:
Assumptions review and reasonableness check
Sample test lives liability check
Comparison to prior years liability results
Sensitivity analysis of the liabilities to actuarial assumptions used
Actuarial gain/loss analysis
- Plan Design/Redesign Studies: We assist clients in designing benefit plans for their employees based on their employee census, the purpose of setting up benefit plan, funding goals, and liquidity and economic scenario of the company. We also assist clients in redesigning their existing benefit plans to cater to the changing scenario of the market in general and company in particular.
- Actuarial Audit: We work closely with various audit firms and assist auditors in scrutinizing/auditing actuarial valuation reports of clients. We provide the auditors with a thorough audit analysis report which includes
Assumptions review and reasonableness check
Sample test lives liability check
Comparison to prior years liability results
Sensitivity analysis of the liabilities to actuarial assumptions used
Actuarial gain/loss analysis