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Hi,
A number of universities offer UG and PG courses in actuarial sciences. Any one above 18 years of age with proficiency in mathematics and statistics can take up the course and become an Actuary. The candidate must pass 10+2 or equivalent
Graduate Courses:-
B.A (Insurance)
Bachelor of Science in Actuarial Science
Eligibility: Candidates who wish to pursue a Undergraduate in actuarial science or a certificate course in actuarial science should have a pass class in the XII standard.
Post Graduate Course:-
M.S.C in Actuarial Science
Master's program in Insurance Business
MBA in Actuarial Science
PG Diploma in Certified Risk and Insurance management
PG Diploma in Insurance Science
Post graduate diploma in Actuarial Science
Eligibility: Candidates who wish to go for PG courses should have Bachelor's degree.
Admission will be on the basis of the merit scored in the institute's entrance exam.
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Hi, usually a regular course from a good institute is considered to have more value in the job market than a distance MBA. Syllabus and course structure wise both the courses are almost same. The difference between these two is interaction with others. But if someone is working and having minimum of 3-4 years of work experience then even distance MBA has same value as regular. Because in that case one gets exposure from the work place. You may consider these institutes for distance MBA.
University of Mumbai, Shivaji University, SNDT Women's University, Yashwantrao Chavan Maharashtra Open University, Tilak Maharashtra Vidyapeeth, Symbiosis, Narsee Monjee.
Hope this resolves your query. Feel free to put up more queries. In case your query is resolved please close this question by choosing it as a “best answer” or pressing the thumbs up icon.
Best Regards,
Khushwant Jain

Fees for MCA is INR 65100.
Hostel Charges (boarding and Lodging):
Hostel Admission Fee : Rs. 500/-
Hostel Security (refundable) : Rs. 2000/-
Furnishing & Maintenance Charges : Rs. 500/- per semester
Lodging Boarding* Total
Triple Occupancy Accommodation Rs. 15000/- Rs. 17000/- Rs. 32000/-
Double Occupancy Accommodation Rs. 18000/- Rs. 17000/- Rs. 35000/-
Single Occupancy Accommodation Rs. 21000/- Rs. 17000/- Rs. 38000/-
AC Room Single Occupancy Rs. 40000/- Rs. 17000/- Rs. 57000/-
*Boarding charges or Rs. 17000/- p.a. include breakfast, lunch, evening tea & dinner
Cut off mark/rank for admission in 2009 is 548
Number of scholarship offered by the institute, duration and amount.
1. Scholarships of Rs. 1000/- per month and Rs. 500/- per month to the students standing 1st
and 2nd in the university examination respectively.
2. Books worth Rs. 1500/- per semester and Rs. 900/- per semester are given to the students
of each class on bagging 1st and 2nd positions in the midterm examinations.
3. Annual Scholarship of $250 (Rs. More than 20000/-) is awarded by England based Ram
Daya Kapila Trust for SC/ST students of DAVIET
Criteria for fee waivers/scholarship.
Scholarships are given to the students as recommended by the faculty and approved by the
governing body on the basis of merit cum means.

Hi Priya,
Both the fields that you are talking about here are completely different & mutually exclusive! It's like saying, "I want to become a Neuro Surgeon & Cardiologist". (Although you can do both, you'll end up practicing in one!)
Rather than looking at the CA or AIAI or FIAI designations as just qualifications, look at the them as Career Options. Both qualifications would require you to work hard, burn the mid night oil with no guarantee of the no. of years it'll take to become either a CA or an Actuary!
So before you plunge into either of the qualifications, first check out "what they do" by either visiting their respective websites to find out their roles or visit a nearest practicing CA or an Actuary to observe their work for a day or two. An internship in these fields would also do loads of good to you to make an informed decision. Then get into the field that interest you the most or you end up having an inclination for & make a decision accordingly.
I hope I've been able to clarify your query. Wishing you the best of luck.