New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) has designated Ms. Chitra Jayasimha as the Chairperson of the Board of NPS Trust w.e.f. 17th October, 2024. Ms. Chitra has been serving the NPS Trust Board as a Trustee since December, 2020.
Ms. Chitra Jayasimha is a qualified Actuary, a fellow member of the Institute of Actuaries of India, Institute and Faculty of Actuaries, UK and the Insurance Institute of India. She is a gold medallist in B.Sc Statistics from Madras University. She has over 34 years of extensive experience in diverse fields of Life Insurance, General Insurance, Reinsurance, Employee benefits and the Pension sector. She has also been the Chairperson of the Advisory Group on Pension, Employee Benefits and Social Security Schemes of the Institute of Actuaries of India for over 9 years. She is also a Founder Director and Consulting Actuary at the Universal Actuaries and Benefit Consultants and an Appointed Actuary of Sanima Reliance Life (Nepal), GIC Reinsurance Company Limited (Bhutan), Nepal Reinsurance and an IBNR Actuary of Maldives Reinsurance.
Ms. Jayasimha was an India Practice Leader for retirement and employee benefits at Aon Consulting India. She had also served as a retirement actuary at Mercer for India, Sri Lanka, Bangladesh and Pakistan and at Swiss Reinsurance India as a Product actuary. She had headed the Valuation & Reporting in Paternoster, a UK based insurance firm and was a Financial Reporting Actuary in ING Vysya Life (now Exide Life).
Ms. Jayasimha carries widespread experience of over 17 years in various functions at senior levels in The Life Insurance Corporation of India. She has conducted various webinars, sessions, market surveys on employee benefits and the approaches required to overcome sectoral challenges. She had brought out a detailed research report on NPS Superannuation in August, 2017 and has written multiple white papers on NPS and other retirement benefits and a few of her quotes have been published as well in leading newspapers.
