Friday, 21 March 2014

Actuary-M.L. Sodhi




About M.L.Sodhi


M.L Sodhi is a Consulting Actuary. He is a Fellow Member of Institute of Actuaries of India (Membership Number – 00178) . For the last 15 years his main activity is to provide actuarial valuations in compliance of Indian GAAP AS 15 (R), US GAAP-FAS 87, 88 & 158, International Accounting Standard (IAS-19 & IFRS). The Plans covered for this purpose are:-
  • Gratuity Plans.
  • Leave Encashment Plans.
  • Defined Benefit Pension Plans.
  • Post Retirement Medical Benefit Plans.
  • Settlement Allowances on Retirement.
  • Long Service Award Plans/Incentive Plans.
  • Interest Rate Guarantee for Exempted Provident Funds.
  • Any other Defined Benefits not covered above.
    Some of the main points about the brief of M.L. Sodhi, his work experience, his clients etc. are:-
  • His Human Resources & Infrastructure:- He is supported by a team of highly skilled personnel equipped with the expertise-statistical, actuarial and analytical essential to meet the changing needs of Accounting Standards. His human resources are his strength and asset. He has a office with adequate Infrastructure (Computer Hardware).
  • His Work Experience:- His work experience is spread over a span of more than four decades. He started with a humble beginning as an assistant with Life Insurance Corporation of India and had a steady progress in various cadres starting from the level of Assistant Administrative Officer and going up to the level of Senior Divisional Manager. He retired from the LIC when he was functioning as Vice Principal of Zonal Training Centre at Gurgaon. He has also worked as Actuary to CGU Life Insurance Company (a joint venture) for a few months. He has also worked as Visiting Faculty with some Institutes and Academies of repute.
  • His Present Clients:- His clients are spread almost in all sectors of the Indian Economy, Multinational Companies with their activities overseas are also in his list. His clientele includes Public & Private Sector Companies, Manufacturing, Software, Technology & Electricity Companies, Banks, Educational Institutes, Hotels, Hospitals and Hospitality Companies etc. etc.
  • His Terms & Conditions:- All services provided by him are subject to terms & conditions stated when a job is accepted.




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