Rankings
Conference
Certificate Program in Actuarial Science (Banking & Insurance) – Basic Level
  1. Home
  2. Doctoral Programs
  3. Certificate Program in Actuarial Science (Banking & Insurance) – Basic Level

Certificate Program in Actuarial Science (Banking & Insurance) – Basic Level

duration Duration

  • 6 Months

eligibility Eligibility

  • 10+2 or Diploma (or equivalent) in any discipline, preferably with basic mathematical aptitude.

calendar Admission Calendar

  • Last date for the submission of Application Form: Jun 15, 2026

Program Objectives

  1. To introduce the fundamental concepts of Actuarial Science and its applications in Banking & Insurance.
  2. To develop quantitative reasoning and basic statistical skills for risk measurement.
  3. To understand financial mathematics and principles of time value of money.
  4. To equip learners with essential tools for data handling and actuarial modeling.
  5. To prepare learners for entry-level actuarial, financial, and insurance industry roles.
Events Important Dates
Last date for the submission of Application Form/Registrations 15th June, 2026
Commencement of Classes 1st July 2026

Note: The Certificate Programs will start every year in January (to June) and July (to December).

Learning Approach

60% theoretical (Recorded / Live Lectures & Tutorials) + 40% practical, project-based learning.

Total Learning Hours

120 Hours (Approx.)

Award of Certificate

All participants will be awarded Certificate in “Actuarial Science – Banking & Insurance” from the ICFAI University, Jharkhand, on successful completion of the program.

Consolidated Course Summary

Program Structure

Course-Code

Hours

6 Months

Fundamentals of Actuarial Science

CAS 101

20

Financial Mathematics & Interest Theory

CAS 102

22

Probability & Statistics for Actuarial Applications

CAS 103

22

Actuarial Applications in Banking & Insurance

CAS 104

24

Data Analytics for Actuarial Science (Excel / Python)

CAS 105

20

Project

CASP 101

12

Total

120 Hrs.

This Certification Program will be for the followings (not limited to):

  1. All students of ICFAI group, will be free of cost.
  2. All Faculty Members and Alumni (Ex-Students) of ICFAI group, the fees will be Rs. 10,000/- only.
  3. Outside Students, the fees will be Rs. 15,000/-
  4. For rests (any Academicians / Professionals), the fees will be Rs. 20,000/- only.