Actuarial Science Course in 2021

Actuarial Science is the study of Financial Risks in the insurance and finance field. Actuarial Science uses mathematical and statistical methods to analyze, define and solve the financial implications and the financial risks. Actuarial Science comes in handy for insurance companies to predict the probabilities for upcoming events and also determine the funds that are needed to pay claims.

Actuarial Science (Applications) in India 2021

The foremost primary applications of actuarial science are Life Insurance and Pension.

Actuarial science also deals with Financial Organizations to analyze their liabilities with improvising the financial decision-making abilities.

Eligibility Criteria for Actuarial Science (UG & PG)

Eligibility for Actuarial Science UG Course:

• The candidates should have passed class 12^th board either with PCM or Commerce stream.
• The candidates must have scored at least 60% marks in the 12^th boards and a minimum aggregate of 70% in Mathematics is mandatory.
• Having English as one of the first languages is mandatory.
• There is no age limit for the candidates to take up the exam.

Eligibility Criteria  for Actuarial Science PG Course:

• The candidates should have done graduation with B.Sc or B.com
• Candidates should have scored at least 50% in the graduation.
• Candidates should have taken Mathematics and Statistics as two major subjects in the graduation.

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Actuarial Science: Entrance Exams (official website) 2021

 Institute of Actuaries of India (IAI) conducts the entrance exam for Actuarial Science Courses at university. This entrance exam is known as Actuarial Common Entrance Test (ACET).

ACET is conducted thrice every year in April, June, and December.

The exam is conducted in three stages which are CT, CS, and ST.

Candidates need to qualify for all these three stages to clear the exams

1. Stage1: Core Technical Stage (CT):

2. Stage2: Specialist Technical Stage (ST):

Stage 3: Specialist Applications Stage (SA):

Actuarial Science: UG Courses in 2021

• B.Sc in Actuarial Science
• B.Sc. in Actuarial and Financial Mathematics
• B.A. (Hons.) in Insurance and Banking

Actuarial Science: PG Courses

• PG Diploma in Actuarial Science
• B.Sc in Actuarial Science
• Master`s Program in Insurance Business
• MBA in Actuarial Science

Top Colleges offering Actuarial Science Course in India

• Institute of Insurance and Risk Management
• Bangalore University
• DS Actuarial Education Services Private Limited
• Amity University, Noida
• Indian School of Business Management and Administration
• Institute of Actuaries of India
• City College, Bangalore

Bachelor Level Course Subjectswise Syllabus

Job Profile and Salary in Actuarial Science

Top Recruiters of Actuarial Science

1. Max Bupa Health Insurance
2. PwC Actuarial Services India
3. Liberty Mutual
4. Towers Watson
5. ING
6. The Travelers
7. Allstate
8. Prudential
9. Nationwide
10. Aon Hewitt

FAQs 

Question: Can a student pursue distance education in Actuarial Science?

Answer: Yes, Of course.

Question: What is the main entrance exam for Actuarial Science Course?

Answer: ACET.

Question: What is the average placement package for a graduate in Actuarial Science?

Answer: INR 6-7 lakh.

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