Important Dates
Important Dates - Acet February 2020
- Registrations Start - 05th December 2019
- Registrations Close - 28th January 2020
- Date Of Exam - 29th February 2020 (10:00am To 1:00pm)
- Date Of Results - 7th March 2020
- Last Date To Take Student Membership Admission (If Wants To Appear For June 2020 Examination)- 09th April 2020
Eligibility Criteria
Anyone pursuing
Minimum 10+2 up to PhD in Maths or Statistics
Sciences like Math, Statistics, Econometrics etc
Engineering, Management, Chartered Accountant
Cost Accountant or Company Secretary
Finance
Who is an Actuary & What they do?
An Actuary is a business professional who analyses the financial consequences of risk. A global profession that is recognized in most countries, attracting competitive salaries globally. As per section 2 (a) of Actuaries Act, 2006: “Actuary” in India means a Fellow Member of the Institute of Actuaries of India.
- Actuaries analyse financial consequences of risk
- Actuaries apply Maths, Statistical and Business techniques
- Actuary involves Inter relation of Maths, Statistics, Finance, Computer science, Economics and Probability theory
- Actuaries calculate, predict, and model the probability of future events affecting business. For example, life and motor insurance premiums you pay area based actuarial calculations
Why Be an Actuary?
Based on Glassdoor’s findings, Actuaries are amongst the top 25 professionals with the highest salaries across the world. It is also one of low stress jobs with a pretty well-balanced work-life equation.
- A global rewarding career
- Wide scope as actuaries are employed in wide areas and across industries
- Core areas are Insurance, Banking, Finance, Data science and analytics, Enterprise risk managers, Government, Pensions and Investments
- Highly regarded and respected profession
Career Opportunities
Life Insurance
General Insurance
Health Insurance
Reinsurance Companies
Retirement Benefits with Pension Funds
Entrepreneur
Investments
Government
Academics
Risk Management
Data Science
Banking
Finance
The Institute of Actuaries of India (IAI)
Institute of Actuaries of India is Statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation and development of the profession of Actuaries in India.
The main objects of the Institute are
- To promote, uphold and develop the standards of professional education, training, knowledge, practice and conduct amongst Actuaries
- To promote the status of the Actuarial profession
- To regulate the practice by the Members of the profession of Actuary
- To promote, in the public interest, knowledge and research in all the matters relevant to Actuarial Science and its application
Testimonials
An actuary is somebody who makes financial sense of the future. I explored it; I enjoyed what I saw of the first few CT level exams. The next thing you know I was a qualified actuary. Today I feel my life is completely transformed.
Actuary is nothing but a risk manager who uses lot of mathematical and statistical methodology. It is so interesting that if you are once into this proffession, you cannot come out. I am applying actuarial concepts now in each and every moment in my work, in my day to day life, and in my financial planning.
I really liked the idea of learning while you earn so I decided to get into the profession started my journey of examination because unlike other professions in actuary you really have to balance work life and study rather than work and life.
I was looking for something challenging after 12th. One of my senior told me about it and then I researched about it in IAI ‘s website I also got to know that what actuaries do.
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Actuarial Profession
