Our Company

Shamit Gupta, BSC, FIA, FIAI, CERA

Consulting Actuary, Life Insurance (India)
Gurgaon, IN

Tel: +91 124 4641507

E-Mail | Download bio | VCard

Professional Designations

  • Fellow of the Institute of Actuaries, UK
  • Fellow of the Institute of Actuaries of India
  • Chartered Enterprise Risk Actuary


  • BS in Actuarial Sciences from the University of Texas, USA

Current Responsibility

Shamit is a consulting actuary in our life insurance consulting practice in India and is based in New Delhi. He joined the firm in 2010.


Prior to joining Milliman, Shamit worked with Towers Watson for more than four years in its life insurance consulting practice in India.

Shamit has over ten years of life insurance consulting experience, serving clients in India and the Asia Pacific region.

He has worked on a large number of embedded/appraisal valuations, especially in the context of M&As and IPOs, in India and the Asia Pacific region. Particular assignments in India include:

  • Supporting ICICI Prudential in its IPO – the first insurance IPO in India
  • Ongoing review of Max Life's Embedded Value public disclosures
  • Mitsui Sumitomo's purchase of New York Life's stake in Max Life
  • DHFL's purchase of DLF's stake in DHFL Pramerica

Shamit also provides consulting support to clients on a wide range of projects, including:

  • Peer review of statutory valuations by Appointed Actuaries
  • Review of statutory valuations
  • Product development/pricing
  • Model build/review
  • Strategy development/benchmarking
  • Market entry/business planning support
  • Market reports

Shamit was involved in setting up and now leads Milliman's outsourcing unit based in New Delhi. Shamit has also interned with Max Life.

  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman