The actuarial profession is evolving rapidly, and with it, the expectations from students and early-career professionals. While exams remain the foundation, companies today are looking for much more — they want candidates who can hit the ground running with practical, industry-focused skills.
Traditionally, most actuarial students follow a path of first securing an internship, often limited in scope, and then gradually learning the core work once they land a full-time role. In many cases, it takes 2–3 years before someone feels confident with real-world actuarial tasks. On the other side, employers prefer to convert interns into full-time hires only if they demonstrate strong performance during the internship or excel in interviews — a tough bar to clear without prior exposure.
Now imagine if, alongside your exam preparation, you also built practical, job-ready actuarial skills. Not only would this make the transition into your first role smoother, but it would also put you far ahead of your peers in a highly competitive job market.
Finact Actuarial Education Services, run by qualified actuary Vikas Singh, is launching an Actuarial Masterclass on Life Insurance Product Pricing & Development (Design, Modelling, and Pricing Strategies).
Unlike theory-heavy courses, this ~80-hour, offline (Mumbai), 3-month weekend masterclass is built to give you hands-on, job-ready actuarial skills that you can apply from Day 1.
Why This Masterclass?
The insurance industry demands professionals who not only understand theory but can also apply it in real-world situations. This program is designed to bridge that gap.
You will:
✅ Gain a solid foundation in life insurance products and mechanics
✅ Learn to build and audit pricing models in Excel
✅ Understand key actuarial assumptions and how to test them
✅ Work on real-world case studies and mini projects
✅ Get exposure to mentorship and insights from industry stalwarts (former appointed actuary with 20+ years’ experience)
By the end of the program, you’ll be transition-ready for actuarial internships, analyst roles, or advanced actuarial exams like SP subjects.
Who Should Join?
- Aspiring and early-career actuaries
- Actuarial students preparing for real-world work
- Insurance professionals moving into product/pricing roles
- Analysts working in the insurance domain
If you’re looking to boost employability and fast-track your actuarial career, this program is tailored for you.
Course Structure
Module 1: Basics of Life Insurance Products
- Types: Term, Endowment, Whole Life, ULIP
- Product features, benefits, mechanics, riders, and IRDAI guidelines
Module 2: Actuarial Perspective in Product Development
- Role of actuaries in product design
- Regulatory & risk considerations
- Product lifecycle from ideation to launch
Module 3: Pricing Fundamentals & Assumptions
- Mortality, morbidity, lapse, expense, and investment assumptions
- Interest rate, discounting, MAD, and sensitivity testing
Module 4: Excel Modeling for Actuarial Pricing
- Time value of money functions
- Benefit outgo & premium inflow modeling
- Reserve & reinsurance modeling
- Profit testing and audit techniques
Module 5: Product-Specific Pricing Practice
- Term, Endowment, and ULIP models
- Profit simulations & optional benefit layering
- Handling real-world issues in pricing
Module 6: Application & Review
- Mini projects & case studies from industry practice
- Model audit, review session & wrap-up discussion
Program Details
- Starts: First week of October 2025
- Duration: 3 months (~80–90 hours)
- Schedule: Weekends only
- Format: Offline (Classroom in Kandivali East, Mumbai), Limited seats, Invite-only
- Fees: ₹30,000
Why the Fees are Worth It
Preparing only for an SP exam typically costs ₹20,000–₹30,000, and that’s purely exam-focused.
For the same investment, this masterclass gives you:
- Practical, offline training (not just theory)
- Direct exposure to industry experts
- Hands-on Excel modeling practice
- Real-world projects you can showcase in interviews
- Mentorship & networking with experienced professionals
This makes it a high-value career investment, equipping you with skills that go far beyond exam preparation.
If you’re serious about a career in actuarial science or insurance product pricing, this program can be a game-changer.
📩 Apply now using the survey link.
👉 Do share this with friends or colleagues who might benefit!
Why TAC supports it?
We wanted to do it ourselves initially. The offline classes represent that you will be getting full attention and Vikas is in it not for money but with the commitments to provide top nodge education.