Mumbai, Maharashtra, India, August 2026 — Vandana Baluni, Appointed Actuary, Ageas Federal Life Insurance. Vandana is a seasoned Fellow Actuary (FIAI) with 17+ years of rich leadership experience across Life, Health & General Insurance. Vandana brings a stellar track record in statutory valuation, financial risk governance, ALM, capital management and strategic business growth. Known for her sharp strategic vision, she has consistently driven shareholder value by turning technical metrics into long-term business viability.
Prior to joining Ageas Federal, she served as the Chief Actuary & Executive Vice President at TATA AIG General Insurance and has held senior leadership roles at Aditya Birla Sun Life Insurance and Ernst & Young.
She is widely recognized for her ability to seamlessly bridge complex technical actuarial metrics – such as Value of New Business (VNB) margins, Embedded Value, and Risk-Based Solvency – with long-term business viability. Throughout her career, she has spearheaded high-stakes transformations, including:
End-to-end implementations of IFRS 17, Risk-Based Solvency (RBS) frameworks, and transition strategies from Traditional Embedded Value (TEV) to Market Consistent Embedded Value (MCEV). Also, conceptualizing advanced value management programs that significantly enhanced VNB margins and Return on Embedded Value (RoEV) through rigorous in-force book management and business-mix optimization.
She helped architecting sophisticated Asset-Liability Management (ALM) strategies, cash-flow hedging frameworks, and predictive policy-risk assessment models.
A Fellow Actuary (FIAI) with a double specialization in Life & Health Insurance from the Institute of Actuaries of India – alongside multiple academic excellence awards – Vandana’s independence, integrity, and exceptional stakeholder influence will be invaluable.
Her commitment to independence, professional integrity, and strategic foresight will play a pivotal role in shaping the financial risk governance and sustainable business growth.
About Ageas Federal Life Insurance
Ageas Federal Life Insurance is a joint venture between Ageas, a European insurance group with 200 years of experience, and Federal Bank, one of India’s established banking institutions.
The company provides insurance solutions designed around financial protection, wealth, loved ones, retirement and different stages of life.
Read Also : How HR Leaders Are Redefining Talent Development for the Future of Work
Selective Increments, Strategic Hiring: How AI Skills Are Reshaping India Inc’s Appraisal Cycle
From Org Charts to Skill Graphs: The Reinvention of Enterprise Design
Rethinking Talent in the Age of AI: Why Workforce Agility Starts with the 4Bs
The HR Leader’s Real AI Problem Is Not Adoption. It Is Architecture.
