The actuarial science of price-setting of policies uses statistics and probability to approximate the rate of future claims based on a given risk.

Actuarial Science is a specialist branch of mathematics applying the laws of statistics and probability to insurance.

The actuarial science course is offered only at the Hindu College affiliated by the Delhi University Admission criteria.

The course is mostly intended to equip students to eventually face the Actuarial Common Entrance Test that is conducted by the Actuarial Society of India.