Institute of Actuaries of India
1. How frequently will the entrance exam be held?
The exam will be held at least twice in a year. As of now the planned months are: December and June.
2. What is the eligibility criterion?
The only eligibility criterion is that the examinee must have passed 10+2 examination or an equivalent examination with English as one of the subjects at 10 + 2 level. Nevertheless, it is expected that many of those who are already in education at higher levels and also those working and having qualifications in mathematical subjects would take up the examinations. For example engineering students or professionals, chartered and cost accountants, company secretaries, management graduates, degree holders in mathematical and statistical sciences etc are expected to take this exam.
If an examinee clears the examination and subsequently applies for membership, their membership acceptance would be subject to production of attested true copies of certificates that would be subject to independent verification.
3. How much is the registration fee?
The registration fee for the entrance exam is Rs. 3,000 (three thousand only). This covers the cost of the study material, the online exam and the online tutorial. The registration fee once paid is neither refundable nor can it be carried forward for the next ACET. You are therefore requested to make considered decision to take up the examination and only then register.
4. What is the mode of examination? Is it online or offline?
It is a computer based examination where the examinees have to be present at t heir chosen testing centre administered initially in forty one cities within India at fifty one centers.
- In which cities are the exam test centers available?
- What do I need to carry to the exam centre?
1. You will need to carry your exam admit card.
2. A government issued photo Id proof (UID card, driving license, passport, voter ID card or PAN card), in original.
3. In case of 12th class students they can carry 12th class exam hall ticket or college ID card duly attested in original.
4. An approved scientific calculator and some blank sheets of paper and pens for rough calculations.