ACET-20 Actuary Entrance Exam By Institute of Actuaries in India IAI

ACET-20-Actuary Entrance Exam

Exam name ACET-20-Actuary
Notification Status Announced
Examination Body

Institute of Actuaries in India (IAI)

Examination Body Type Other
Popularity Popular - All India
Summary

Note: ACET-March-2021 is for students who have already completed their Class 12. If you are appearing in 2021 for your Class 12 exams, then you'll need to take ACET that will be held sometime in Oct/Nov of 2021.

Institute of Actuaries in India (IAI) is a statutory body established under an Act of Parliament - The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries in India. IAI was established in 1944 as the The Actuarial Society of India (ASI) and it is now member of International Actuarial Association (an umbrella organizations to all actuarial bodies across the world) and is actively involved in its affairs.

What is an Actuary: An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. An Actuary works as consultant either individually or in partnership with other Actuaries in multi-disciplines likfe insurance, information technology, taxation, employees benefit, risk management, investment, etc. Evidently, the scope of the functions and duties of an Actuary has increased considerably under the changed conditions. But what sets them apart from their counterparts in other professions is the natural mathematical, economic and statistical aptitude, awareness and the ability to apply these to situations in the real financial world.

To become an actuary, the student must clear the Actuarial Common Entrance Test(ACET) conducted by the Insitute of Actuaries of India. ACET is conducted two to three times a year.

Course Path:
1) ACET : Candidate (min eligibility Class XII) takes ACET to become a student member
2) Follow the 4 Qualification Components to become an actuary:
1. Core Principles
2. Core Practices
3. Specialist Principles
4. Specialist Advanced

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Form last date, eligibility, & test pattern of ACET-20-Actuary

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