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Actuary
Actuaries use mathematics and statistics to assess financial risk in insurance, pensions, and investment. One of the rarest and highest-paid professions globally.
Banking & FinanceCommerce Stream
What Does an Actuary Do?
Actuaries use advanced mathematics, statistics, and financial theory to study uncertain future events — particularly in insurance and pensions. They calculate insurance premiums, reserve requirements, risk models, and pricing strategies. In India, actuaries work in insurance companies, consulting firms, banks, and regulatory bodies (IRDAI). There are fewer than 500 qualified actuaries in India, making it one of the rarest and highest-paid professions.
Salary Range in India
- Partially qualified: 6-12 LPA
- Fully qualified: 15-35 LPA
- Senior/Chief Actuary: 40-80+ LPA