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About ACET

About ACET

  • This exam is held twice a year in the month of December & June.
  • Multiple choice questions.
  • Can be registered online.
  • Eligibility criteria is that the examinee must have passed 10+2 examination.
  • Result are declared after 10 days from the date of the exam.
  • You have the choice of the exam centre,date& time slot.
  • Students who have unsuccessful, can reappear.

ACTUARIAL EXAMINATION

LEVEL  1 – CORE TECHNICALS
CT1   –   Financial Mathematics
CT2   –  Finance and Financial Reporting
CT3   –  Probability and Mathematical Statistics
CT4   –   Models
CT5   –   General, Life and Health Contigency
CT6   –    Statistical Methods
CT7   –    Economics
CT8   –    Financial Economics
CT9   –    Business Awareness Module
LEVEL 2 – CORE APPLICATION
CA 1 and 2  –   Core Application Concepts
CA 3      –   Communication
LEVEL 3-SPECIALISED TECHNICALS {Choose any two}
ST1  –  Health and Care
ST2  –  Life Insurance
ST4 – Pension and Other Employee Benefits Capital Modelling Specialist Technical
ST5 – Finance and Investment
ST6 – Finance and Investment B
ST7 – General Insurance – Reserving and
ST8 – General Insurance – Pricing Specialist Technical
LEVEL 4- SPECIALISED  APPLICATION {Choose any one}
SA1  –  Health and Care
SA2  –  Life Insurance
SA3   –  General Insurance
SA4  –  Pension and Other Employee Benefit
SA5  –  Finance
SA6  –  Investment

For becoming an actuary one has to clear 4 levels of examination; that is total of 15 papers.

Name of Society IAI, India IOA, UK Society of Actuaries, USA
ACET Fee ₹ 3000(One time) Nil Nil
Admission Fee ₹ 1500 (One time) 200 Pounds (approx ₹ 20000) Nil
 
Annual Subscription ₹ 750 70 pounds (approx ₹ 7000) Nil
 
Exam Fee ₹ 2000 per exam for CT Series Membership $  200 per exam
105 Pounds per exam for CT-series  
₹ 3000 per exam for ST series. 90 Pounds per exam for ST-series  
90 Pounds per exam for SA-series  
₹ 3000 per exam for SA series Non-Membership  
125 Pounds for CT1 exam  

An Actuary is a business professional who deals with the complexity of various contingent events causing economical damage to the company and increasing Risk factor. Actuaries apply various Mathematical and Statistical theories for the valuation of risk occurring through perils.

 

Actuaries are the professionals who forecast the future of an organization by using their analytical, interpretational skills. Actuaries balance the concern of 4 parties:

Consumers (who buy the products), regulators (who want to ensure that the insurance companies stay solvent), employers (who want to make a profit) and shareholders (who expect a return in their investment)

Starting batches of Actuarial Science - CT Series from 3rd June 2017 Register now
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