Hello.

B.Sc. Actuarial Science is a 3- year long Bachelor’s program, essentially designed to build in students, mathematical skills, real-world business skills, communication, interpersonal and leadership skills, all of which have been identified in the Actuarial discipline as the core skills needed in its personnel. Related fields such as Insurance and Risk Management are also covered in the curriculum.

Top institutes offering this course are:

• North Maharashtra University, Jalgaon.
• Bishop Heber College, Tamil Nadu.
• Amity University, Noida.
• Chandigarh University.
• Babu Banarsi Das University, Lucknow.

The average tuition fee charged in India for B.Sc. Actuarial Science course ranges between INR 50,000 and 3 Lacs.

The main entrance exams for admission to the course are conducted by the Actuarial Society of India, besides Actuarial Science entrance exam, and Institute of Actuaries of India entrance exam. The minimum eligibility for application is a class XII/ Higher Secondary qualification with Biology, Maths, and Chemistry as main subjects.

The basic minimum eligibility criteria for pursuing the course are listed here:

• 10+2 qualification with minimum 60% in aggregate, and minimum 70% in aggregate in Math, or an enrollment to the Institute of Actuaries of India as a Student Member.
• A class XII or equivalent qualification with at least 85% in Mathematics or Statistics.

Selection is based on the candidate’s performance in a relevant entrance exam. The question paper for the exam is QMR format- based, designed to test candidates’ aptitude and logical reasoning. These examinations are generally conducted in the month of April.

Hope this is helpful.

Good luck.