B.Sc - Actuarial Science Programme - Proposed Course Structure (Academic Year 2019-2020 onwards)

Sep 27, 2026

University of Mumbai syllabus for approval covering the B.Sc. (Actuarial Science) three-year integrated semester programme under Choice Based Credit, Grading and Semester System. It specifies eligibility requirements, admission and implementation status for academic years 2019-2020 through 2021-2022, spanning six semesters. Detailed course structure lists semester-wise modules including business awareness, probability and mathematical statistics, financial mathematics, business economics, actuarial modeling, statistical methods, life and health contingencies, communications, industry and project work, plus presentation and viva components.

LanguageEnglish

CategoryExam

FormatPDF

Pages49

Reading Time2 h 3 min

AccessFree to download

Proposed Course Structure

Eligibility for Admission

Course Structure by Academic Year

Semester I

Semester II

Semester III

Semester IV

Semester V

Semester VI

University of Mumbai B.Sc . (Actuarial Science) Programme Three Year Integrated Programme-Six Semesters Proposed Course Structure Under Choice Based Credit, Grading and Semester System To be implemented from Academic Year-2019-2020 UNIVERSITY OF MUMBAI Syllabus for Approval for B.Sc . (Actuarial Science) | Eligibility for Admission | H.S.C with Mathematics as one of the subjects | | --- | --- | | Passing Marks | As per norms of University of Mumbai for undergraduate programme | | Ordinances / Regulations (if any) | As per the norms | | No. of Years / Semesters | 3 years (6 Semesters) | | Level | UG | | Pattern | Semester | | Status | New | | To be implemented from Academic Year | From Academic Year 2019-2020 | Date: Signature: -B.Sc . (Actuarial Science) Programme Under Choice Based Credit, Grading and Semester System Course Structure F. Y.B. Sc. (Actuarial Science) (To be implemented from Academic Year- 2019-2020) | Semester I | | Semester II | | | --- | --- | --- | --- | | 1 | Business Awareness Module | 1 | Stochastic models | | 2 | Probability and Mathematical Statistics-I | 2 | Probability and Mathematical Statistics-II | | 3 | Financial Mathematics – I | 3 | Financial Mathematics – II | | 4 | Business Economics – I | 4 | Actuarial Modelling | | 5 | Practical I | 5 | Practical II | S. Y.B. Sc. (Actuarial Science)(To be implemented from Academic Year- 2020-2021) | Semester III | | Semester IV | | | --- | --- | --- | --- | | 1 | Business Economics II | 1 | Statistical Methods I | | 2 | Life & health Contingencies I | 2 | Finance and Financial Reporting I | | 3 | Group insurance | 3 | Marketing of Services | | 4 | Retirement Benefits | 4 | Communications (Theoretical) | | 5 | Project Work I | 5 | Communications (Practical) | T. Y.B. Sc. (Actuarial Science)(To be implemented from Academic Year- 2021-2022) | Semester V | | Semester VI | | | --- | --- | --- | --- | | 1 | Actuarial Risk
Management I | 1 | Statistical Methods II | | 2 | Life & health Contingencies II | 2 | Finance and Financial Reporting II | | 3 | Finance & Investments | 3 | Actuarial Risk Management – II | | 4 | General Insurance | 4 | Industry Project work II | | 5 | Presentation & Viva | 5 | Viva | Semester I 1. Business Awareness Module Unit I Financial system: Financial environment: - Real Assets Vs Financial Assets – Role of Financial System-Market Structure – Recent Trends: - Globalization – Securitization – Financial Engineering – Computer Networks – Derivatives – ADRs and GDRs – GDRs: - Advantage for Issuers- Benefit for Investors Securitization – Jargons – Features of securitization – Jargons – Features of securitization – Current securitization activity in India Unit II Financial Markets & Instruments – Financial Markets – Functions of Financial Markets – Organization of Financial Markets – Types of Financial Markets : -Primary & Secondary Markets – Short term ( money ) and Long Term ( Capital) Market : - Money Market Instruments : Call money – Repos - Collateralized Lending and Borrowing – treasury Bills – Commercial paper – certificate of Deposit - Commercial Bills – Capital Market Instruments :- Central Government Securities – State Government securities and Public Sector bonds- Corporate bonds and debentures – Equity Shares-Preference shares – Warrants-Spot & Deferred Delivery Market – Derivative Products : Forwards – Futures Options – Regulation of Financial Markets, Primary & Secondary Markets : Introduction – Primary Markets :-Classifications of Issue :-On the basis of Price-On the basis of subscribers – A Preferential Issue – Issue to the existing shareholders -Pricing of an Issue – Book Building process – Auction of T – bills and GOI securities –Offer Document - steps involved in Public & Rights Issue – Listing and delisting – Secondary Market : Trading on Stock Exchanges : Screen Based Trading – Contract Note – depository- Settlement – Custodian – Technology in trading and settleme

FAQs

What are the admission eligibility requirements for B.Sc. (Actuarial Science)?

Admission eligibility is H.S.C with Mathematics as one of the subjects.

How many years and semesters are included in the B.Sc. (Actuarial Science) programme?

The programme duration is 3 years comprising 6 semesters.

From which academic year is the proposed course structure to be implemented?

The syllabus is proposed to be implemented from Academic Year 2019-2020, with subsequent parts specified for 2020-2021 and 2021-2022.

Sep 27, 2026

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