Syllabus
|
Course Code: ST-403 & ST-404 Course Name: (vi) Actuarial Statistics |
||
| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
|---|---|---|
| 1 | Concepts of mortality rates and other indices, construction of mortality table from graduated data, determination and use of the functions in mortality table, graph of force of mortality, laws of mortality, mortality funds, Sources and collection of data for the continuous mortality investigation. | |
| 2 | Models of population dynamics: Lotka' theory. Relationship between the number of births and the number of women in the population.Population with unvarying age distribution. Nature of reserve, prospective and retrospective reserves, fractional premiums and fractional durations, modified reserves, (continuous reserves, surrender values and paid up policies, Industrial assurance; children's. deferred assurances, Joint life and lastsurvivorship. | |
| 3 | Pure endowments, Life Annuities; Single payment, continuous life annuities, discrete life annuities, life annuities with monthly payments, commutation functions, varying annuities, recursions, complete annuities-immediate and apportion able annuities-due. Accumulations, Assurances, family income benefits, capital sums on retirement and death. | |
| 4 | Widows pensions, Sickness benefits, disability benefits. Orphan's benefits, Benefits dependent on marriage. Contingent probabilities, contingent assurances, reversionary annuities, multiple-decrement table, forces of decrement, construction of multiple decrement table. | |
