Department of B.Com. (Honours) Actuarial Studies


This programme is designed to create bachelors with a strong background in Mathematics, Statistics, Economics, Finance and Analytics to deal with Applications of Actuarial Science and Data Analysis in the areas of Financial Sector such as Insurance, Banking, Capital Market and Risk Management. On successful completion of this program, a participant shall be job-ready in the profession of Actuaries and Analytics.


Duration: 3 Years

Eligibility: HSC (10+2) or Equivalent Passed with minimum 50% aggregate in any stream (Commerce, Science or Arts) can apply

To Register Yourself, Contact:

Ms. Purnima Shah



The participant in this program shall be completely prepared to undertake professional examinations in the subjects of CS1A, CS1B, CS2A, CS2B, CM1A, CM1B, CM2A, CM2B, CB1, CB2, CB3, CP2, CP3, SP1, SP2, SP4, SP5, SP7 of Institute and Faculty of Actuaries, UK and equivalent subjects of Institute of Actuaries of India.


Semester I

  • Foundation Course
  • Actuarial Statistics 1A
  • Actuarial Statistics 1B
  • Actuarial Accounting 1
  • R Programming

Semester II

  • Environmental Studies
  • Actuarial Statistics 2A
  • Actuarial Statistics 2B
  • Actuarial Accounting 2
  • Advanced Excel with Macros

Semester III

  • Actuarial Mathematics 1A
  • Actuarial Mathematics 1B
  • Actuarial Mathematics 1C
  • Actuarial Mathematics 1 Practical
  • Insurance Principles and Designing of Insurance Products

Semester IV

  • Actuarial Mathematics 2A
  • Actuarial Mathematics 2B
  • Actuarial Mathematics 2C
  • Actuarial Mathematics 2 Practical
  • Data Analytics

Semester V

  • Actuarial Economics 1
  • Actuarial Business Management
  • Actuarial Project 1
  • Choose any two DSEs out of
    • Securities Laws
    • Life Insurance
    • Employee Benefits and Laws
    • Financial Reporting Standards
  • Actuarial Business Communication 1

Semester VI

  • Actuarial Economics 2
  • Insurance Laws and Applications
  • Actuarial Project 2
  • Choose any two DSEs out of
    • Social Insurance
    • Non-life Insurance
    • Health Insurance
    • Finance and Investment
  • Actuarial Business Communication 2


Sr. No. Name Designation Qualifications
1 Ms. Purnima Shah Program Co-ordinator B.Sc. DMLT
2 Prof. Rajendra Shah Adjunct Professor M. Sc., DBM, DCM, DFM, Nine Actuarial Exams
3 Dr. Mrinalini Kohojkar Visiting Faculty M.A., Ph.D.
4 Aparna Mhatre Visiting Faculty (Industrial Faculty) M. Sc., Associate Actuary
5 Suresh Sindhi Visiting Faculty (Industrial Faculty) M. Sc., Fellow Actuary