Bachelor [Actuarial Science] From University of Regina

University of Regina Bachelor of Actuarial Science is a 4 year, 120 credit hour on-campus BSc offered by the Faculty of Science in Regina, Saskatchewan. Indian applicants need 70% in Class 12 with English, Mathematics and one science subject; annual tuition and mandatory fees are approximately CAD 32,287 (INR 21.73 Lakhs) with a September 2026 primary intake.

The programme trains graduates for insurance, pension, banking and consulting roles and is one of only 11 Canadian Institute of Actuaries accredited undergraduate actuarial programmes nationwide. It suits mathematically confident students who want a paid 16 month industry internship built into the degree before graduating.

• Credits toward professional actuarial exams administered by the Canadian Institute of Actuaries and the Society of Actuaries.
• Reported close to 100 percent hiring success in the actuarial industry after graduation from the Faculty of Science.
• Post Graduation Work Permit eligibility of up to 3 years since the programme runs beyond 2 years.

Also Check: University of Regina Admission for International Students

University of Regina Bachelor of Actuarial Science Fees and Living Costs 2026

Tuition for the Bachelor of Actuarial Science is charged per credit hour at the Faculty of Science international rate for the 2026-2027 academic year. Estimated four year cost, including mandatory fees, sits at approximately CAD 129,148 (INR 86.92 Lakhs).

Source: University of Regina International Undergraduate Tuition and Fee Schedule, Fall 2026 (202630).

All INR conversions in the article use a conversion rate of CAD 1 = INR 67.30 as of July 2026. Rates fluctuate daily, verify before applying.

• The international undergraduate tuition multiplier rises from 3.0 to 3.5 starting Fall 2026 under the University of Regina 2026-2027 budget.
• Mandatory fees per full semester total CAD 590.40 and include Students Fee, Health Wellness Fee, U-Pass, Academic Technologies Fee and Health and Dental Plan.
• Co-op tuition during the 16 month internship is assessed at 15 credit hours per work term plus a CAD 1,149 co-op fee.
• Future year tuition may rise by the annual 3% base increase, so budget an additional buffer for 2027-2028 and beyond.

Cost of Living in Regina for Actuarial Science Students

Regina is among Canada’s most affordable major cities, and living costs stay materially below Toronto or Vancouver averages. Expect roughly CAD 2,300 (INR 1.55 Lakhs) per month excluding on-campus meal plans and dorm-only fees.

Read More: Cost of Living in Canada for Indian Students

ROI reality: A 4 year total spend near INR 1.05 Crore, when paired with actuarial starting salaries above CAD 60,000 and industry-adjacent internship earnings, keeps payback under seven working years for most Indian graduates.

University of Regina Bachelor of Actuarial Science Admission

Admission to the Bachelor of Actuarial Science is direct entry into the Faculty of Science and follows the general University of Regina international undergraduate requirements. Indian applicants apply through the University of Regina online portal.

Intakes and Cycle Dates

The programme accepts new international undergraduates in three intakes each year, with Fall being the primary and largest entry point.

Academic Eligibility for Indian Students

Indian applicants need a minimum 70% aggregate in Class 12 from a recognised board such as CBSE, ISC or a State Board, with specific science subject prerequisites for a BSc.

• English and Mathematics compulsory in Class 12 with grade C (approximately 60%) or better.
• Two subjects from Biology, Chemistry, Computer Science, Calculus or Physics required at the Class 12 level.
• Foundational Actuarial Science coursework leans on Calculus and Statistics, so Class 12 Mathematics is strongly recommended for admission and later course success.
• World Education Services (WES) or the University of Regina credential evaluation sets the official Indian equivalence; a Canadian scale minimum of 70% typically maps to approximately 60% to 65% on an Indian CBSE percentage.

University of Regina sits at QS World University Rankings 2027 band 1001-1200 and Times Higher Education band 801-1000, and the Faculty of Science is one of only 11 Canadian Institute of Actuaries accredited undergraduate actuarial programmes in Canada.

English Language Proficiency Requirements

All Indian applicants need a valid English test score unless they qualify for a listed English medium exemption. The University of Regina lists these minimums for undergraduate Faculty of Science admission.

Note: TOEFL iBT moved to a 1.0 to 6.0 band scale on 21 January 2026. University of Regina currently lists the 1.0 to 6.0 requirement shown above; both scales are reported during the 2026 to 2028 transition. Verify the current requirement on the official admissions page before applying.

• IELTS is the most widely available option in India, so most applicants prep 8 to 10 weeks to clear the 6.5 overall with a 6.0 band floor.
• The 6.0 per band rule catches candidates who score 6.5 overall but drop to 5.5 in one section, so target 6.5 in every band during practice tests.
• Duolingo is accepted year round with next day results, making it a fast backup if IELTS or TOEFL dates clash with the 15 August deadline.
• Indian applicants from English medium CBSE or ISC schools may qualify for an English exemption under the University of Regina Advanced English for Academic Purposes pathway, subject to case by case review.

Tip for Indian students: Book the IELTS test at least three weeks before the 15 August deadline so that a rebooking is possible if any single band falls below 6.0, which is the most common reason Indian applicants receive a conditional offer instead of a full unconditional letter.

University of Regina Bachelor of Actuarial Science Application

The Bachelor of Actuarial Science uses a single online application through the University of Regina Student Application Portal. Indian applicants pay a CAD 100 (INR 6,730) non-refundable fee before their file is opened.

Forward Looking Application Timeline

Only cycles that are still open or upcoming are listed below; closed rounds are dropped for clarity.

Documents Indian Applicants Must Upload

The University of Regina expects a self managed document package uploaded through the student portal rather than an agent submission.

• Official Class 10 and Class 12 mark sheets and passing certificates from CBSE, ISC or a State Board.
• Course by course credential evaluation from World Education Services (WES) when requested by the admissions office.
• Valid IELTS Academic, TOEFL iBT, PTE Academic or Duolingo score report sent directly to the University of Regina.
• Proof of funds covering one year of tuition and living expenses of about CAD 51,000 (INR 34.32 Lakhs) as required for a Canadian study permit.
• Valid Indian passport with at least two years of remaining validity.

Application Strategy for the Bachelor of Actuarial Science

The programme is a direct entry BSc and does not require an interview, portfolio or Statement of Purpose at the undergraduate stage. Selection is transcript and English test driven.

• Apply within 30 days of receiving Class 12 mark sheets so that Fall intake conditional offers convert to full offers quickly.
• List Actuarial Science as the specific major inside the Faculty of Science on the application form to reserve a seat.
• Mention the 16 month integrated internship track in the online form so the department can flag co-op planning from Year 2.
• Line up Statutory Declaration of Common Law Union or Family Information forms early if a dependent will accompany the student.

Also Check: University of Regina Overview for International Students

Application tip: Upload a scanned copy of the University of Regina application fee payment receipt inside the portal on the same day the fee is paid, since manual receipt matching is the single largest reason Indian files stall between offer stages.

University of Regina Bachelor of Actuarial Science Scholarships

The University of Regina reserves entrance scholarships for international undergraduate students that materially reduce the Bachelor of Actuarial Science sticker price. Top awards can offset up to CAD 80,000 (INR 53.84 Lakhs) of tuition, housing and meal costs across the four year degree.

Source: University of Regina International Undergraduate Scholarships page.

• The Tier 1 award is capped at a small number of seats per year, so Indian applicants need to submit before the priority round to be in contention.
• Renewable awards require completion of a full 30 credit hour load per year, which limits the ability to lighten a term without losing the award.
• The Saskatchewan Workers Compensation Board Scholarship and Co-operators Life awards are open to declared Actuarial Science majors and add in-course top-ups after Year 1.
• External Indian scholarships such as the Inlaks Shivdasani Foundation Scholarship and Aga Khan Foundation International Scholarship Programme are also usable if the applicant meets those trusts eligibility rules.

Read More: Study in Canada Scholarships and Costs Guide

Scholarship reality: Only applicants with 90% or higher on the Canadian scale realistically clear the Tier 1 threshold, so most Indian Class 12 candidates should target Tier 2 or the CAD 3,000 Entrance Scholarship as their base plan.

University of Regina Bachelor of Actuarial Science Salary

Graduates of the Bachelor of Actuarial Science enter Canada’s actuarial job market with reported close to 100 percent hiring success. Starting pay clusters around CAD 60,000 (INR 40.38 Lakhs) per year and rises materially with each actuarial exam pass.

Source: Payscale Canada, Glassdoor Canada, ERI Salary data as of 2026.

These are gross figures. Take-home varies by province since federal and provincial income tax is deducted before landing in a bank account.

• The 16 month integrated internship pays a full time salary at insurance, pension or consulting employers, so most students bank CAD 25,000 to CAD 40,000 during the placement year.
• Regina based employers such as SGI Canada, Co-operators Life Insurance and the Saskatchewan Workers Compensation Board are the top recruiters at the Faculty of Science.
• Passing Society of Actuaries or Canadian Institute of Actuaries exams during the degree unlocks study time allowances and exam-pass bonuses at first employer.
• A Fellow of the Canadian Institute of Actuaries designation typically arrives 6 to 10 years after graduation and pushes total compensation past CAD 200,000.

Check Out: Study in Canada Career Outcomes Guide

ROI reality: An Indian student paying INR 1.05 Crore for the 4 year degree typically clears principal and interest within 6 to 8 working years, assuming a starting role at CAD 60,000 plus internship savings above CAD 30,000.

Canada Visa Bachelor of Actuarial Science

Indian students admitted to the Bachelor of Actuarial Science need a Canadian Study Permit under the Student Direct Stream (SDS) or the general stream. Because the programme runs beyond two years, graduates qualify for the Post Graduation Work Permit (PGWP) of up to three years.

• Study permit application fee is CAD 150 (INR 10,095) plus biometrics fee of CAD 85 (INR 5,721), submitted through the Immigration, Refugees and Citizenship Canada (IRCC) portal.
• Guaranteed Investment Certificate (GIC) of CAD 20,635 (INR 13.89 Lakhs) is required as proof of first year living expenses for SDS route applicants.
• PGWP application costs CAD 255 (INR 17,162) and must be filed within 180 days of receiving the final transcript.
• Spouses of full time students can apply for an Open Work Permit valid for the same duration as the study permit under IRCC 2026 rules.
• Permanent Residency through Express Entry becomes achievable within 12 to 18 months of full time Canadian actuarial work experience under the Canadian Experience Class stream.

Read More: Canada PGWP Eligibility and Duration Guide

Visa reality: Indian SDS applicants routinely see study permit decisions within 20 working days when the University of Regina Letter of Acceptance, GIC and IELTS 6.0 documents are complete, so file within 30 days of receiving the offer.