Amity School of Insurance, Banking and Actuarial Science (ASIBAS), Noida

Amity School of Insurance, Banking and Actuarial Science (ASIBAS) operates under Amity University in Noida, offering specialized education in the fields of insurance, banking, actuarial science, and financial services. The institution is structured to provide a mix of theoretical knowledge and practical application, preparing students for careers in the financial sector.

About ASIBAS

ASIBAS is recognized for its comprehensive approach to education in the financial services domain, focusing on current industry demands. The curriculum is designed collaboratively with industry experts to ensure relevance and applicability.

Key Features

• Industry-Driven Curriculum: Courses structured to meet current and future market needs.
• Experienced Faculty: Faculty members include qualified professors and professionals with extensive experience in finance and banking.
• Modern Infrastructure: The campus features advanced classrooms, simulation labs, and research facilities.
• Institutional Partnerships: Collaborations with banks, insurance companies, and actuarial organizations for internships and placements.

Academic Programs Offered

ASIBAS offers a range of undergraduate and postgraduate programs designed to equip students with the necessary skills in banking, insurance, and actuarial science.

Undergraduate Programs

• BBA in Banking and Insurance: A three-year program focusing on banking operations, financial products, and risk management.
• B.Com (Hons.) in Insurance: Covers banking and actuarial science, focused on the principles of these fields.
• B.Sc. in Actuarial Science: Focuses on using mathematics and statistics to assess risk.

Postgraduate Programs

• MBA in Insurance and Banking: A two-year program emphasizing managerial skills in the financial sector.
• M.Sc. in Actuarial Science: Deals with risk management and financial modeling.
• Post Graduate Diploma in Insurance: A specialized diploma targeting students interested in insurance.
• Professional Certifications:
  • Certification in Actuarial Science: Prepares students for actuarial examinations.
  • Diploma in Risk Management and Insurance: Focuses on risk assessment techniques.

Admission Process

The admission process is designed to select candidates with high academic potential for careers in financial services.

Eligibility Criteria

• Undergraduate Programs: Minimum of 50% in 10+2 from a recognized board. Strong mathematics and science foundation is recommended for B.Sc. in Actuarial Science.
• Postgraduate Programs: Bachelor's degree with at least 50% from a recognized university; preference for candidates with backgrounds in finance, economics, or mathematics.

Application Process

1. Submit an online application through the official Amity University website.
2. Participate in the Amity Joint Entrance Examination (JEE) as well as a potential written test and personal interview for postgraduate applicants.
3. The final selection is based on academic qualifications, entrance exam scores, and interview performance.

Important Dates

• Application Deadline: March–June 2025
• Entrance Exam Date: May–June 2025
• Personal Interview: June–July 2025
• Results Declaration: July 2025

Fee Structure

The fee structure is competitive and varies by program:

Undergraduate Programs

• BBA in Banking and Insurance: ₹1,20,000 - ₹1,50,000 per annum
• B.Com (Hons.) in Insurance: ₹1,00,000 - ₹1,30,000 per annum
• B.Sc. in Actuarial Science: ₹1,50,000 - ₹2,00,000 per annum

Postgraduate Fees

• MBA in Insurance and Banking: ₹2,00,000 - ₹2,50,000 per annum
• M.Sc. in Actuarial Science: ₹1,80,000 - ₹2,20,000 per annum
• PG Diploma in Insurance: ₹1,20,000 for the total course

Placement Support

ASIBAS has a dedicated placement cell that aids student recruitment in various banks, insurance firms, and actuarial companies.

Placement Outcomes

• Over 90% placement rate before graduation.
• Average salary packages range between ₹4,00,000 - ₹7,00,000 for undergraduate programs and ₹7,00,000 - ₹10,00,000 for postgraduate programs.
• Notable recruiters include ICICI Bank, HDFC Life, Tata AIG, LIC India, Bajaj Allianz, and KPMG.

Campus Facilities

• Modern classrooms equipped with audiovisual aids.
• Well-resourced research labs for actuarial and financial studies.
• Sports facilities including a gym and recreational areas.
• A comprehensive library with books, journals, and online resources.
• Hostel accommodations for outstation students.

Amity School of Insurance, Banking and Actuarial Science (ASIBAS) provides a structured educational setting aiming to develop future professionals in the financial services sector, supported by academic rigor and practical exposure.