This course provides an introduction to Life Insurance Mathematics (LIM), focusing on the core mathematical principles used in pricing life insurance products and analyzing life contingencies. It is designed for learners who want to understand the quantitative foundation behind life insurance and actuarial science.

The course begins with an overview of life insurance mathematics and explains how mathematical models are used to evaluate mortality risk, calculate premiums, and design insurance products.

It then introduces key concepts used in actuarial calculations, including probability-based models for survival and death, which form the basis for pricing life insurance contracts.

The course also covers the structure of life insurance products and how mathematical assumptions are used to estimate future liabilities and expected payouts. These calculations are essential for ensuring that insurance companies remain financially stable and able to meet obligations.

In addition, it explores the connection between actuarial theory and practical insurance applications, showing how mathematical techniques are applied in real insurance and pension systems.

By the end of this course, learners will have a foundational understanding of life insurance mathematics and how quantitative methods are used to analyze risk, set premiums, and support financial decision-making in the insurance industry.