How to learn to become World’s Richest Acturial Science ?

                                                                                                                                                                                                                                                                               Rina Khatri

3 September 2023 Monday

Kathmandu, Lack of actuarial education Nepal has been depending on India and other countries which leads in even conducting general meeting of insurance companies are having issues in Nepal. Actuarial science education is world’s expensive and very scarcity.

We might get surprised that under Tribhuwan University mathematics science almost expensive and in form of the scarcity education in the world make surprising to feels. Also crowd of student in medical science, engineering in the Nepal.

But, Medical science and Engineering comparing to almost acceptance actuarial science education low attraction. Only high talented students may attend into actuarial science study.

Along with regulation body Nepal insurance authority constraint to depend on in appropriate time insurance company still yet did not got passed the financial statement. In the world fifth excellent income generate actuary’s annual 3-4 lakhs dollar more 3-4 hundred us dollar income generate per year. So many actuary are rarely less, Nepal does not bear long time excessive expensive.
Later, not only one actuary. Some actuary have to succeed the medal they are not available in Nepal. Nepal have to complete due to courses.

Along with insurance and need of actuary evaluation for the future. According to insurance committee actuary’s action area, Insurance, Banking, Stock exchange, Fund management, Academic and Economic sector are remaining. Any actuarial is not academic education. It is a

occupation permission obtain professional.

System of financial solutions or risk management actuary is to key the actuary. Base of Actuary mathematic knowledge, or skilled in the future. May come risk in probability may come probability in circumstance of methods
To prepare the financial consultancy, Life insurance, Along with Non insurance investment management institutions, Along with in the financial company they use for insurance company.

Actuary in the world mostly honor and good income generate tool. Profession. Certified actuary’s average income one lakh to US dollar have been having. World’s extremely demand this course study to teaching now running. Those of mathematics science school conduction have been launching in the Tribhuwan university Balkhu.

Mostly essential (Actuary Report) unable to submit every month mid of January to in the annual general meeting in time. Even never succeed to submit the actuary report in time. Still yet lack of the certified actuary for Nepal insurance company, Facing hardly difficulty.

Every life insurance company regulation. Actuarial desk even also insurance committee’s other external direction not obtain confidence manpower believable other to provide the direction also not able providing.

Nepali insurance company neighbor country producing the expert manpower or there report valuation have to done. Onside country highly excluded the capital from the country. Other side decide the limited the timeline to annually general meeting over the insurance company are asking the question over the rule and regulation.

Pricing, Valuation and premier fixed the mostly actuary base course. since 2073 Mangshir mathematics science have conduction in Tribhuwan university, Given the course of academic examination and other professional certificate obtain the opportunity in world nothing explain the words.

Pro. Dr Prashamani bajrachary, chairman pro.Dr. Ramprasad Khatiwada, program coordinator Keshavraj phulara there are involving.

Eight Septembers 4 years course, Total fullmarks 15 hundred 75 and passed marks 50%, one Semester 15 credit hour and one subject 3 credit hour.

In the India certified Actuary about 3 hundred, In America 3 thousand 50, In about in world equal to 5 thousand. Actuary high demand manpower no one in the country. According to data now two Nepalese not in Nepal. But, they are working in UK and 1 person in America are working.

Every subject full marks 75 and passed marks 45 have been. Total full marked 30 number, in form of internal students will granted. In formed of internal number granted assessment 16 thousand, present 2, presentation 5, Home work 5 and in displine 2 number have been divided.

What is Actuary ?

Actuary is actor of insurance asset and liability evaluation permission obtain person. Those of persons in the future bringing risk’s responsibility fixed saying thus the insurance saying decision today. It is compulsory to Insurance tomorrow.

According to later insurance executive chief CEO’s  demand to actuary from the India its constraint Nepal actuary to teaching to similar have been attempt to.
Condition :  Last time Tribhuwan University’s to make the similar the conditions.

Admission process may 10-12 should be. But, 1 hundred marks should be necessary to admit.

10-12 to result National daily News paper admission to announcement base of list 36 persons are was capacity based of merit list. Entrance exam English 25 and IQ from along with number hundred number after the entrance of full marks examination may enter in college.

Total seat of 10 percent scholarship. Entrance examination highest obtain 1 student free admission will to due 3 students. Three community or government. Special priority will give study from the school.

Actuarial science study in 4 year 4 lakhs expenditure in first semester 67 thousand fee should be paid. Every period of exam fee should be 2 thousand should be paid. The subject study tuition fee should be paid 20 lakhs Indian rupees.

Initially due to in 2 year mathematics courses, data ethics and computer centered in 2 year specialization have do. Seventh semester 75 full marks project work and last eight semester system for the internship for various insurance company, In School reading writing moments 11:00 to 4:00 O, clock management have to period will be half one hour. In the school 13 students are 1 professor, 1 assistance professor and one lecture.

In the India mumbay birla insurance company MOU have to grant  entrance leaving seating Pocket expenditure, to student company have to grant, intern 6 month period, That company placement India assistance to Actuary insurance report company should be paid 10 lakhs Indian rupees.

Insurance authority according to new regulation one company one actuary should be management have implementation. Life insurance in the later company compulsory.

Nepali insurance premier world compared to expensive should be cause lightly accounted 20 to 30 percent premier are cheap.

Beside the insurance this types of manpower bank, along with Commulative fund, citizen investment fund. Along with now bank in the world compulsory actuary should be train tomorrow. Nepal’s banks along with manpower’s highly demand.

Along with having actuary company private sector those of utilization.

Insurance act in Nepal, saying the Actuary Insurance professional is highly demand. Responsibility should be decide to count the insurer it remember to according to issue the qualification.
Insurance professional regarding to insurance expert manpower have to hire from foreign country in Nepal for the insurance company. Now insurance company now working with through the foreign consultancy, committee decided to more than 30 lakhs for the actuary fee have to annually 30 lakhs for consultant.

Nepal Insurance company working with insurance actuary. Other insurance company did not working. Life insurance. Nonlife insurance company allow the work for insurance sector.

According to NFRS bank or financial institutions should be management in area of actuary.

Insurance professional Nepal concerning to work expert manpower not availability to bring the foreign need of manpower actuarial one is not having the Nepal its bring to from the foreign constraint cause of Regulator body. Central Bank those of provision release able to provide compulsory. Employee commulative fund, citizen investment fund or social security fund as a long lasting fund management.

Nepal lack actuary preparing by Tribhuwan University starting in form of the educationally mathematic science school’s started chief main succeeded to obtain the goal 10-12 exam passed student those of in school entrance exam. Totally 36 student should be take first seat. less exam participated. Since last year this for exam extremely made very attraction.

In the four year about approximately 4 lakh fee. The actuary price of India and UK ‘s high hire purchase. Mathematic science School Actuary preparation along with to prepared the actuary. Tribhuwan University have been provided the education in Nepal.

Minimum educationn :

10-12 or as a same examination one sector 100 marks mathematics or commercial study would be secondary class or in every subject last c grade studies for student august 21 to till to 12 September along with color photo entrance exam amount 2 thousand form should be upload, after the approve the form Emailed will informed.

 Entrance exam :
Intrance Examination will under the three phase. First phase application filled all students will attendance at 80 full marked. at that 10-12 equal to science or commerce mathematics marks 40, Subject of English 20 marks 20 and 20 marks 20 marks 20the general knowledge with 80 multi alternative question 1 hour 45 minute conducted written exam.

written English passed student’s 10 mark interview and 10 mark education as a certification will evaluation three the exam with tabulation 100 mark merit list will prepared. According to school have to fixed T.U. Semester system conduction sub-regulation will be conduction. In the 40 students 32 open, and 20 percent at 8 student will be admitted base of inclusion.

 Schollar ship :

To complete the this course is 8 Semester’s approximately 5 lakh 50 hundred fee should be paid. Few of amount admission period and due to amount every Semester before should be paid to with instalment. Schollar ship science and technology study institution, T.B.B Regarding to ”Schollar ship” acting direction 2079”

10-12 or equal to exam which is sector 100 marks  mathematics or commercial mathematics study or every issued institution studying twice class or every issues institution. Tribhuwan University ”Schollar ship” acting regulation 2079” According to obtain excellent result, one honest student. 10 % Students free charge have to provide.

Evaluation :

According to Semester systems 40 % course internal and 60 % in external evaluation. 30 marks last exam science or technology study institute of dean’s offices provide to exam program.

Educational Calendar:

Initial admission regarding student academic Calendar (Educational calendar) exam will be conduct. other thing reality 4 year course program. Level of certification will be provide every semester along with last examination. Last examination result mostly final reservation.

Cause of COVID-19 pandemic any one program was conduction by the School. At that time later 5 program for 5 month. Timely admission, timely class tuition conduction, timely exam, and timely result out by school According to study calendar mathematics science school conduction informs that.

To be actuary should be passed 13 paper.

After the 7 paper passed Associated Certified Actuary permission provide Due to 6 paper fellow given to name of Actuary, Total of eight semester and 7 paper are included. Fellowship course students should be study in UK or other country.

additional study, students ready to earn and study an able to pay the fee. After finished the study in Nepal.