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Actuarial Mathematics

Code: MA667 | L-T-P-C: 3-0-0-6

Prerequisites: MA 590 Probability Theory or MA 225 Probability Theory and Random Processes or equivalent

Course Content/ Syllabus: Basics of time value of money, Interest rates, Annuities; Mortality theory, Survival time, Actuarial functions of mortality, Mortality tables; Life insurance and annuities, Cash flows, Endowments, Life annuities; Premiums, Net and Gross premiums.


  1. Arjun K. Gupta and Tamas Varga, An Introduction to Actuarial Mathematics, Vol. 14. Springer Science & Business Media, 2013.


  1. S. David Promislow, Fundamentals of Actuarial Mathematics, Wiley, 2015.