DIPLOMA In PG Diploma in Actuarial Sciences(S-PDIAS-9369)

Last updated Jan, 2026
Certified Course

₹20,000

Buy Now

Enquire Now

Course Includes

Duration1 Years
Enrolled0
Lectures1
Videos0
Notes0
CertificateYes

What you'll learn

A PG Diploma in Actuarial Sciences is a specialized postgraduate program focusing on using math, stats, and finance to assess risks in insurance, banking, and other sectors, providing skills for roles like risk analyst, with institutions like IIRM offering programs aligned with IAI/IFoA exams, requiring a bachelor's degree in a quantitative field for eligibility, and offering strong career paths in data analysis and finance.

Key Aspects

Focus: Applying mathematical and statistical models to evaluate financial risks and uncertainties.
Duration: Typically 1-2 years, often with weekend classes for working professionals.
Eligibility: Bachelor's degree (BSc, BStat, BMath, etc.) with strong math/stats background; often requires an entrance exam like IIRMCET or CAT/GMAT/MAT.
Curriculum: Covers core statistical, financial, and mathematical concepts, often aligning with professional exams from the Institute of Actuaries of India (IAI) and Institute and Faculty of Actuaries (IFoA).
Career Prospects: Opens doors in insurance, banking, risk consulting, asset management, and data analytics, with roles in risk assessment, modeling, and financial stability.

Top Institutes (India)

Institute of Insurance and Risk Management (IIRM), Hyderabad: Offers PGDAS, known for industry alignment and practical training.
Gujarat University: Offers PG Diploma in Actuarial Science (PGDAS).
University of Mumbai: Also offers postgraduate programs in actuarial science.

Course Syllabus

A PG Diploma in Actuarial Science syllabus covers core areas like Financial Mathematics, Probability & Statistics, Business Economics, Finance & Financial Reporting, and Risk Modeling, often incorporating practical tools like R & Excel, preparing students for analyzing financial risks and making informed decisions in insurance, finance, and pensions through subjects like Survival Models, Contingencies, and Actuarial Computing.

Core Subject Areas

Mathematics & Statistics: Foundation in advanced math, probability, and statistics.
Financial Mathematics: Concepts of interest, annuities, and bonds.
Economics: Microeconomics, macroeconomics, and economic forecasting.
Finance: Financial management, risk evaluation, and financial modeling.
Risk Management: Insurance pricing, loss reserving, and risk assessment.
Actuarial Science: Contingencies (life contingencies), survival models, and statistical modeling.

Key Topics & Tools

Financial Reporting: Understanding financial statements.
Business Economics: Market dynamics, economic policies, and global economics.
Risk Modeling & Survival Analysis: Advanced statistical techniques for modeling risks.
Actuarial Computing: Practical application using software like R and Excel.
Specializations: Modules can focus on Health Administration, Pensions, or specific insurance types.

Typical Semester Breakdown (Example)

Semester 1: Financial Mathematics I, Business Economics I, Survival Models, Actuarial Computing I.
Semester 2: Financial Mathematics II, Business Economics II, Contingencies I, Actuarial Computing II.