B.Com. (Actuarial Studies) Insurance Business Life and Health Contingencies II Syllabus - Mumbai University 2026
This is the FY BCom Actuarial Studies syllabus under NEP 2020, in force from the academic year 2026-27. It is the only syllabus this degree has ever had: the University approved the course on 18 May 2026 and the first students were admitted the same year, so there is no earlier scheme to check yours against.
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Syllabus for Insurance Business - Life and Health Contingencies - II
The University prints this paper as “Insurance Business-II (Life and Health Contingencies)”.
Module 1: Life Insurance Organization 15 hours
- Internal Organization and trustees in the Insurance Business, The Distribution System, Appointments of Agents, Functions of Agents, Trends in Life Insurance, Distribution Channels, Premiums and Bonuses, Net and Pure Premium, Premium Calculation
Module 2: Introduction to Actuarial Valuation, Health Insurance and Annuity 15 hours
- Plans of life Insurance-Death Cover-survival benefits-Term Assurance-Pure Endowment- Linked, Variable Insurance Plans, The Nature of Annuity, Immediate Annuity, Deferred Annuity, Industrial Life Insurance, Awareness about Health Contingencies, Importance of Health Insurance in India, Growth and evaluation of Health Insurance Companies in India, Liquid Funds, Balanced Funds, Premium Holiday, Annuities and Pension, Future of Health Insurance
Cut from the University of Mumbai syllabus for B.Com. (Actuarial Studies) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus, and module numbering is as printed there too. The University sets no reading list for this course.
The complete syllabus
This subject is cut from the University circular for its year. Open the document here if you want the whole thing rather than a single subject.