Every day we wake up to the fact that more than 250 million lives are part of our family called Life Insurance Corporation. We are humbled by the magnitude of the responsibility we carry and realise the lives that are associated with us are very valuable indeed. Though this journey started over six decades ago, we are still conscious of the fact that, while insurance may be a business for us, being part of millions of lives every day for the past 65 years has been a process called TRUST. A true saga Of Trust.

Set up in 1972 by the Government of India to supervise the Indian General Insurance industry. Today, GIC Re with a net worth of USD 9.75 billion dollar, is a National Reinsurer with a global footprint.
GIC Re provides reinsurance support to life & non-life insurers and leads reinsurance programmes of many African, SAARC, Middle East and South Asian countries. GIC Re is a Domestic Systemically Important Insurer defined by IRDAI. To maintain a balanced portfolio of risks GIC Re has geographically diversified its business through branches, subsidiaries, associates and international pools. It has overseas branches in London and Kuala Lumpur and an offshore branch at Gandhi Nagar, Gujarat. It has subsidiaries in South Africa, Russia and United Kingdom. A fully capitalised Syndicate by GIC Re viz., GIC Re Syndicate 1947 is operational at Llyod's London. GIC Re is in joint venture with Kenindia Assurance Company Ltd., Kenya, India International Insurance Ptr Ltd., Singapore, Asian Corporation, Bangkok, East Africa Reinsurance Company Ltd., Kenya, and GIC Bhutan Re Ltd., Bhutan. GIC Re is ranked 10th largest global reinsurer group (Non-IFRS 17 Reporting Reinsurer- compiled by AM Best). It is rated A- (Excellent) with Stable Outlook Financial Strength Rating by AM Best. AM Best has also given GIC Re the National Scale Rating of aaa.IN (exceptional) with stable outlook. In October 2017, GIC Re was listed on the major stock exchanges of India by way of an Initial Public Offering. Majority ownership

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Marsh McLennan is the world’s leading professional services firm in the areas of risk, strategy and people. Our more than 90,000 colleagues advise clients in 130 countries. With annual revenue of over $24 billion, we help corporate and public sector leaders navigate an increasingly dynamic environment through four market-leading businesses - Marsh, Guy Carpenter, Mercer and Oliver Wyman. Together, we address the most complex challenges of our time
1.Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients.

2.Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities.

3.Mercer delivers advice and technology-driven solutions that help organizations redefine the world of work, reshape retirement and investment outcomes, and unlock health and well-being for a changing workforce.

4.Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

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Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business.
Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake to Hurricane Ian in 2022. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyber risks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

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As a global reinsurer, Pacific Life Re works with over 100 key clients across 16 time zones – from the UK and Europe to North America, Australia, and Asia.
We are committed to supporting our partners with our innovative solutions, data analytics expertise, and technology-driven underwriting decisions. Supported by nearly 160 years of Pacific Life’s heritage, we offer financial strength, global reach, and long-term value for protection, savings and retirement, or capital solutions. At Pacific Life Re, we’re not just shaping the future – we’re redefining reinsurance and inspiring confidence for generations.

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RGA Life Reinsurance company of Canada – India Branch is a subsidiary of RGA Reinsurance Company headquartered in Chesterfield USA. RGA is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital.

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn , X , Facebook and Instagram . Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Established in 1943, K. A. Pandit has navigated a historical journey of 80 years. It is the oldest Actuarial Firm in India. Our central working theme of a ‘client centric approach’ finds us in the constant endeavour to understand our clients better, address their needs and find innovative business solutions for them, which in fact, also derives its inspiration from our business tag line “We work for you, wherever your business takes you!’’ We have 3 distinguished service lines namely – Employee Benefits, Insurance and Corporate Solutions catering to 5000+ clients across globe.
We strongly believe in building meaningful relationships, facilitating sustainable growth and development for the business while nurturing purposeful contributions to the society and world.

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ICICI Lombard is the leading private general insurance company in the country. The Company offers a comprehensive and well-diversified range of products through multiple distribution channels, including motor, health, crop, fire, personal accident, marine, engineering, and liability insurance. With a legacy of over 2 decades,
, ICICI Lombard is committed to customer centricity with its brand philosophy of ‘Nibhaye Vaade’. The company has issued over 36.2 million policies, honoured over 2.9 million claims and has a Gross Written Premium (GWP) of ₹ 255.94 billion for the year ended March 31, 2024. ICICI Lombard has 312 branches and 13,670 employees, as on March 31, 2024. ICICI Lombard has been a pioneer in the industry and is the first large scale insurance company in India to migrate its entire core systems to cloud. With a strong focus on being digital led and agile, it has launched a plethora of tech-driven innovations, including the industry first Face Scan on its signature insurance and wellness App - IL Take Care, with over 13.2 million downloads. The company has won several laurels including ET Corporate Excellence Awards, Golden Peacock Awards, FICCI Insurance Awards, Assocham, Stevie Asia Pacific, National CSR awards etc. for its various initiatives.

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The Institute and Faculty of Actuaries (IFoA) is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. The IFoA regulates and represents over 32,000+ members worldwide, overseeing their actuarial education at all stages of qualification and development throughout their careers. We set examinations, continuing professional development, professional codes and disciplinary standards for our members. The Institute and Faculty of Actuaries came into being on 1 August 2010 as a result of the merger of the Institute of Actuaries in England and the Faculty of Actuaries in Scotland after members of both bodies voted to merge their respective organisations.

SBI Life Insurance (‘SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001. Serving millions of families across India, SBI Life’s diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.
Driven by ‘Customer-First’ approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike. SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 1,086 offices, 25,949 employees, a large and productive network of about 241,251 agents, 77 corporate agents and 14 bancassurance partners with more than 41,000 partner branches, 144 brokers and other insurance marketing firms. In addition to doing what’s right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally. SBI Life strongly encourages a culture of giving back to the society and has made substantial contribution in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2023-24, the Company touched over 1.05 lakh direct beneficiaries through various CSR interventions. Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of ` 20.0 billion and a paid up capital of ` 10.0 billion. The AuM is ` 4,416.8 billion. For more information, please visit our website-www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and Linkedin. (Numbers & data mentioned above are for the period ended December 31, 2024)

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Founded in 2000, HDFC Life Insurance Company Limited (‘HDFC Life’ or the ‘Company’) is a leading provider of long-term life insurance solutions in India. It offers a broad range of individual and group plans across the Protection, Pension, Savings, Investment, Annuity, and Health categories, with a portfolio of products and optional riders designed to meet the diverse needs of its customers.
HDFC Life is a subsidiary of HDFC Bank Limited, one of India’s leading private banks. The Company has a nationwide presence, operating through its own branches and a network of over 300 distribution partners, including banks, NBFCs, MFIs, SFBs, brokers, and emerging ecosystem partners. HDFC Life also maintains a strong base of financial consultants. Recognised as a great place to work, HDFC Life is deeply committed to governance and sustainability, ensuring responsible business practices that align with its long-term objectives. For more information, visit www.hdfclife.com or follow us on Facebook, X (formerly Twitter), YouTube, and LinkedIn.

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Swiss Re India (GBS) is part of the global Swiss Re Group, supporting next-generation capabilities for Swiss Re's re/insurance business [RK3] worldwide. With over 2200 employees across its offices in Bengaluru and Hyderabad, Swiss Re India harnesses local talent and expertise to deliver state-of-the-art insurance capabilities and solutions for Swiss Re’s clients globally. A hub for ideation, developing business solutions, and operational excellence, we combine global best practices with local market insights to help Swiss Re Group navigate complex risks with confidence.

Credit Access Life Insurance Limited (CALI), with its headquarters in Bengaluru, commenced its operations in May 2023 with a vision to bridge the insurance protection gap among the low income and financially excluded population. CALI is dedicated to serve underserved and unserved population of India and is driven by the guiding principle of making insurance accessible to all. CALI specializes in offering tailor-made products to their partners while retaining simplicity at every level and in a language that is understood by the customers. Primarily, the company focuses on offering protection products and plan to launch innovative products for the target segment.

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Agriculture Insurance Company of India Limited (AIC) has been formed at the behest of Government of India, consequent to the announcement by the then Hon'ble Union Finance Minister in his General Budget Speech FY 2002-03 that, “to subserve the needs of farmers better and to move towards a sustainable actuarial regime, it was proposed to set up a new Corporation for Agriculture Insurance

Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.
Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per the annual audited financials for FY2023-24, Axis Max Life Insurance has achieved a gross written premium of INR 29,529 Cr.

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The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on general insurance risks and serves over 10,000 members worldwide. CAS members are experts in general insurance, reinsurance, finance, risk management, and enterprise risk management. Professionals educated by the CAS empower business and government to make well-informed strategic, financial and operational decisions.

Edelweiss Life Insurance (formerly Edelweiss Tokio Life Insurance) established nationwide operations in July 2011 with an immovable focus on protecting people’s dreams and aspirations. The company has been focussed on bringing innovation, simplicity, and a new-age approach to life insurance, aligned with the expectations of the customer today. It has been offering need-based and innovative life insurance solutions to help customers live their #zindagiunlimited. With a customer-centric approach, the company has been operating as a multi-channel distribution business to effectively serve its customers across the country. As of March 2024, the company has 109 branches in 88 major cities.
Awards:
The company has earned recognition from several reputed industry forums over the years. Here are some noteworthy awards:
1. Organ donation initiative recognised as Best CSR initiative – Life Category at FICCI Insurance Industry Awards 2023
2. ‘Bolt’ recognised under ‘Public & Private Collaboration’ category at NASSCOM Foundation TechForGood Awards 2024
3. Recognized as Great Place to Work for 4 consecutive years
4. Golden Peacock Award 2023 for Risk Management
5. Most Trusted BFSI Brands in 2023-2024 by the Marksmen Network
6. GUINNESS WORLD RECORDS title for collecting the highest number of pledges for organ donation in a single day

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About HDFC ERGO: HDFC ERGO General Insurance Company Limited was promoted by erstwhile Housing Development Finance Corporation Ltd. (HDFC), India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.
. Consequent to the implementation of the Scheme of Amalgamation of HDFC with and into HDFC Bank Limited (Bank), one of India’s leading private sector bank, the Company has become a subsidiary of the Bank. HDFC ERO is one of India’s leading non-life insurance company in the private sector. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience. HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space. The Company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with ~94% of ~12 million policies issued digitally in FY24. HDFC ERGO’s technology platform has empowered the customers to avail services digitally on a 24x7 basis – in FY24, 75% of the customer requests were serviced digitally with ~16% of the customer requests serviced by Artificial Intelligence-based tools. The Company has one of the best claims payout ratios in the General Insurance industry with a 95% claims payout ratio in FY24. Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

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Company Profile

Niva Bupa Health Insurance Company Limited is a Public Listed Company on Stock exchange(s). The company is committed to offering every Indian the confidence to access the best healthcare. It intends to play the role of an enabler in the lives of its customers and help them live life without constraints. This is reflected in its brand philosophy - ‘Zindagi Ko Claim Kar Le'.
As of December 31, 2024, Niva Bupa has over 212 branches across 22 states and 4 union territories in India. It additionally offers health insurance through its ecosystem partners including 1.7+ Lakh agents, 500+ bank brokers, and close to 100 Banca & Other Corporate Agency Partners. The company currently covers 19.8 million+ lives and has 10,299 hospitals empaneled in its hospital network. Niva Bupa has an annual average of 90%+ claim settlement ratio over the last 3 financial years. With an employee base of over 8,800 people, the company is a certified Great Place to Work five times in a row.

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Shriram Life Insurance is a reliable name in the industry, with a strong presence across India through 403 branches. The company provides a variety of products including term, endowment, ULIPs, and annuities, catering to both rural and urban middle-class customers with affordable premiums. The average ticket size for non-single individual premium policies is approximately ₹18,000, while individual policies typically have an average ticket size of around ₹21,000. Currently, Shriram Life’s total Assets Under Management (AUM) amount to ₹12,791 crore. It has an in-force policyholder base of over 13 lakh.

SCOR is a leading global reinsurer offering its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society. SCOR is established in 30 countries, with more than 3,000 highly skilled professionals who provide services to over 4,000 clients worldwide. Our global presence enables us to stay close to our clients and markets.

With roots dating back to 1889, the Society of Actuaries (SOA) is the world's largest actuarial professional organization with more than 32,000 actuaries as members. Through research and education, the SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal challenges. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. Visit soa.org.

Star Union Dai-ichi Life Insurance (SUD Life), established in 2009, represents a strategic partnership between two prominent Indian public sector banks - Bank of India and Union Bank of India - and Dai-ichi Life, Japan's second-largest life insurance company. The company serves over 15 million customers nationwide. SUD Life's FY 23-24 performance demonstrates steady growth with an 8% year-over-year increase in New Business Premium and Retail Effective Premium Income.
Renewal premium exhibited 29% growth, contributing to an 18% increase in Gross Premium Income. The company's Assets Under Management (AUM) reached ₹24,761 Crores as on 31st March 2024, marking a 28% increase. The company offers a comprehensive range of life insurance products, including protection plans, savings plans, wealth-building instruments, child-centric plans, retirement products, and integrated health and life insurance solutions. In FY 2023-24, our multi-channel distribution strategy, driven by strong partnerships with key agents, corporate agents, and brokers, has significantly expanded our reach and market presence. Digital transformation has enabled nearly 99% digital customer onboarding, while maintaining a 32% one-day claim settlement rate. The company demonstrates its commitment to financial inclusion by covering 1.28 crore lives as on 31st March 2024 under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). Star Union Dai-ichi Life Insurance (SUD Life) is set to establish its IFSC Insurance Office (IIO) in Gujarat International Finance Tec City (GIFT City). This strategic expansion will enable SUD Life to offer foreign currency-denominated life insurance solutions to Resident Indian/Non-Resident Indian/Person of Indian Origin (PIO)/Overseas Citizen of India (OCI) customers soon

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New India Assurance Co. Ltd., founded in 1919 by Sir Dorabji Tata, is a leading multinational general insurance company headquartered in Mumbai. Operating in 25 countries with over 1,900 Indian offices, it boasts significant capital and a long-standing market leadership in India's non-life insurance sector, exceeding INR 28,925 crores Indian business as of December 2024. The company is ISO 27001:2022 certified and holds strong financial ratings, including AAA/Stable from CRISIL and B++ from AM Best. It has received numerous awards, including "Best General Insurance Company" and "Most Trusted General Insurance Company,"
alongside recognition for its innovative AI claims management. Notably, it achieved the lowest claims repudiation rate of 0.17% for FY 2023-24.

At ACTEX we are passionate about helping people become actuaries. Becoming an actuary takes dedication and commitment. We match that diligence and enthusiasm when we create our study materials. We work to bring you the most current and high-quality materials so you can focus on studying. Our products continue to change with the times both in content and technology. We have a passion and talent for bringing it all together to make it easier and more comprehensive for where you are in your journey. Much has changed at ACTEX over the past 50 years, but one thing has not - our steadfast commitment to our educational community.