Actuarial science or Insurance is a subject that applies mathematical principles to assess risks of insurance and premium. Actuaries are organizations that provide services in sectors like finance and investment, insurance (health, life, general) and several benefit plans regarding employee retirement. Courses in Actuarial Science have opened up lucrative career opportunities for many.
Qualifications: Actuarial Science is taught in India as a three year degree course; though several short term courses are also offered by many Institutions.
Scope in India: A person trained in actuarial sciences can join the government as well as the private sectors. He can find a job as an agent or a licensed insurance surveyor.
Scope Abroad: Multinational insurance companies are hiring trained Indian personnel for comparatively higher salary jobs in countries like U.K.