Actuarial Science Post Graduate Certificate in Management - Actuarial Science of IIRM - Program and Enrollment Rules - Fee Structure

Sep 27, 2026

Uploaded by Levi

Actuarial Science Post Graduate Certificate in Management (Actuarial Science) by IIRM provides structured knowledge for professional actuarial examinations of the Institute of Actuaries of India (IAI, Mumbai) and the IFoA (London), aligning with high standards and preparing students for both those exams and IIRM assessments. The approved one-year program includes blended classroom delivery, semester qualifying examinations, and a six-week internship. Enrollment requirements cover academic background, mathematics/statistics related subjects, age limits for on-campus students, interview-based selection, and options for partial enrollment with separate fees and non-refundable charges.

LanguageEnglish

CategoryExam

FormatPDF

Pages4

Reading Time10 min

AccessFree to download

The Program

Enrollment Rules

The Program Curriculum

Fee Structure

As per the Morris Review of the ActuarialProfession(final Report,2005)whichstates and holds true even today-“Actuarial services,predominantly ininsurance and pensions but increasinglyin a much wider range of activities,arecritically important,to the performance ofclients,to the long term well-being ofconsumers,and to the stability of thefinancial system”. The Actuary and his Role An actuary is always linked,by general impressions,with insurance and his role to the job ofasset-liability valuation ofinsurers. As opined by the Morris committee of the H.M.Treasury,London,an Actuary's role,in fact,extends to the whole gamut of the financialsystems of any country,including the effects that theglobal communities make on them.His job is managing risk for profit of any firm,of any size.Product Designing,Product Pricing,Customer Value Management,Risk Management andCapital Management are the five key elements in the alchemy of an actuary -be it insurance,banking,fund management,any financial or risk-based organization of private or Governmententities. While most of the developed countries are engaging the so-important actuarial services to theireconomic benefits,India is yet to take advantages of its 'economic benefits'to the actuarialservices.The reasons are many and the most important one being the dearth of Institution whichprovides the education and training to the industry needs.Bright and capable graduates andpost-graduates,rely on self study to qualify at the examinations of professional bodies,theplausible reason could be absence of regularclass-room programmes from standard institutions.IIRMhas recognized this dire need and is offering ActuarialScience programme for the aspiringactuaries to provide class room studies in the subjects that would help the students to write theActuarial professional Examinations from India and UK apart from obtaining Post GraduateCertificate in ActuarialSciences. # The Program The Post Graduate Certificate in Management-Actuarial Science of IIRM provides knowledgeinputs in the subjects of the professional examinations of the Institute of Actuaries of India(IAI),Mumbai/IFoA,London and at the samehigh standards,so that the students get well prepared totake up the IAI/IFoA examinations with confidence,and also IIRM's P.G.Certificateexaminations.ThePG Certificate course is approved by AICTE. IIRM's examination leading to the Post Graduate Certificate in Management-ActuarialScienceshas been recognized by the Society of Actuaries(SoA),Illinois,USA and they offer VEE creditsfor 2subjects(Business Finance-CB1and Business Economics-CB2). The duration of the program is one year with 6 weeks internship,spread over two semesters.The academic year starts in July/August 2022.A qualifying examination is held at the end ofeach semester for the subjects taught during that semester.The details are given below: (i) The course schedule is for 5 days a week and 6hours a day of class room works (blendedmode). (ii)Students will have to appear for IIRM examinations apart from the professionalexaminations(for which they have to make their ownarrangements). (iii)Students who pass IIRM examinations with a55%threshold marks will be eligible for aP.G.certificate(Actuarial Science)issued by IIRM.This is irrespective of the results at theprofessionalexaminations. # Enrollment Rules 1.Graduates or Post Graduates of any discipline with a second class pass(an overall 50%ofpass marks)and with Mathematics or Statistics or Econometrics or Actuarial Subjects as oneof the subjects in which a minimum of 60%marks or passed at least one of the subjects fromIAI(Mumbai)/IFoA(London)is essential,are eligible to apply. 2.Age below 30 years as on 2August,2022 for on campus students only.This condition isnot applicable forstudents seeking for partialenrolment(subpara5below). 3.Candidates will be selected as students through a personal interview to assess theirsuitability for the course.The selection committee's decisi

FAQs

What is the duration and structure of the IIRM Actuarial Science PG Certificate program?

The program lasts one year and includes a six-week internship spread over two semesters, with qualifying examinations held at the end of each semester for that term’s subjects.

Who is eligible to apply for the program?

Applicants must be graduates or post graduates with a second class pass (overall 50%) and have mathematics/statistics/econometrics/actuarial subjects with at least 60% marks, or have passed at least one relevant subject from IAI (Mumbai) or IFoA (London).

What are the fee details, including partial enrollment and refund policy?

The full two-semester program fee is Rs. 2.50 lakhs paid in one lump sum within one month of the admission letter, and fees are not refunded under any circumstances. Registration fees are Rs. 500, and partial enrollment for one subject is Rs. 50,000 plus the registration fee, with no refunds; fees may be adjusted only for another subject.

Sep 27, 2026

Uploaded by Levi