An actuary measures financial risk with statistics: pricing insurance policies, setting the reserves an insurer must hold, valuing pension and gratuity liabilities, and advising on capital.
Read this first. This page rests on one dated pay figure from a named source. That is evidence of what that source states, not of what Actuary / Actuarial Analyst roles pay across India.
In India most actuarial work is with life, general and health insurers, reinsurers, consulting firms and pension funds. Every insurer must have an Appointed Actuary under IRDAI's regulations, so the profession is tied closely to insurance.
The Institute of Actuaries of India admits students through its Actuarial Common Entrance Test (ACET).
Students then pass the institute's papers one at a time, usually while working as actuarial analysts. Qualifying as a Fellow takes several years.
Insurers hire actuarial students into their actuarial teams. LIC recruits Assistant Administrative Officers (Actuarial) through its specialist notice, the figure on this page.
One dated figure is on file. It comes from an employer's own notice. It took effect on 16 August 2025. Each card says what the figure is; open "How the figure is read" for the method and what it leaves out.
Basic pay × 12: ₹88,635 per month (total ≈ ₹1,26,000 in an A-class city) One public-sector life insurer, Class I officer entry
AAO (Actuarial): basic ₹88,635 per month × 12; scale ₹88,635–1,69,025; total emoluments at the minimum of the scale about ₹1,26,000 per month in an A-class city as stated. Starting basic pay × 12; allowances excluded from the value.
Limits. One employer; basic pay only. Public-sector officer scale, not a market benchmark for the profession.
Life Insurance Corporation of India, AAO (Actuarial): Basic pay × 12: ₹88,635 per month (total ≈ ₹1,26,000 in an A-class city), recorded here as ₹10,63,620 a year (LIC AAO (Specialist) / AE, 32nd Batch, notified 16.08.2025).
No. A figure given as basic pay leaves out dearness allowance, house rent allowance and the other allowances paid on top of it, and it is before income tax and provident fund or NPS deductions. The CTC breakup calculator on this site works out a monthly in-hand figure from a CTC.
Register with the Institute of Actuaries of India and pass its Actuarial Common Entrance Test (ACET). After that, the institute's papers are taken one at a time, and most students work while they study.
| Figure | Statistic | Period | Effective | Kind | Conf. | Source |
|---|---|---|---|---|---|---|
| ₹10,63,620 | employer-band | LIC AAO (Specialist) / AE, 32nd Batch, notified 16.08.2025 | 2025-08-16 fresh | employer-data | 0.75 | Life Insurance Corporation of India — Recruitment of AAO (Specialist) and Assistant Engineers, 32nd Batch, 2025 |
One employer; basic pay only. Public-sector officer scale, not a market benchmark for the profession.
actuary · actuarial analyst · actuarial associate · fellow actuary
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Roles in Insurance first, then the rest of the covered set. Listed so a comparison is one click away — no role is ranked above another, and a role appears here only when it has sourced observations of its own.