Actuarial Common Entrance Test (ACET)

Disclaimer: We are not authorized ACET trainers, nor we are anyway associated with the IAI.

ACET is taken by Institute of Actuaries of India (IAI) is a statutory body established under The Actuaries Act 2006  for regulation of profession of Actuaries in India.

You can register for the course by buying hours ($30 Per hour)

Objectives of this course is that it helps you to clear ACET: 

  • To work on ACET training, knowledge, practice questions
  • To motivate your about the exam
  • 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; and
  • To do all such things as may be incidental or conducive to the above objects or any of them.

About topics covered in this course:

  1. Understand and interpret calculation of moments of continuous and non continuous functions
  2. Under details about discrete non continuous distributions
  3. Newton Rhapson method long ways to do it
  4. Revisiting intuition behind matrix multiplication
  5. Possions long distributions question
  6. Second moment of different distributions
  7. Eigen values and vectors
  8. Binomial etc mean mod emdian
  9. Parameterizing Possision
  10. Differentiation of integration
  11. Expansion of different functions

The most important aspect if moments.

“Actuary” means a person skilled in determining the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of life interests and insurance risks, or designing and pricing of policies, working out the benefits recommending rates relating to insurance business, annuities, insurance and pension rates on the basis of empirically based tables and includes a statistician engaged in such technology, taxation, employees’ benefits and such other risk management and investments and who is a fellow member of the Institute.

Institue of Actuaries of India has started an entrance exam called as Actuarial Common Entrance Test (ACET). This test was started in 2012 and the first exam was held in the month of January 2012. So far the institute has conducted two exams and the response from the student community is very exciting. Total number of applicants have increased exponentially and the results are also very encouraging.

The only eligibility criteria is that the candidate must have passed 10+2 or an equivalent examination with English as one of the subjects at 10 + 2 level. After clearing ACET, the candidate need to clear a series of exams to become Actuary.

After a students clears the ACET exam, he has to submit registration form and then he is eligible to write the actuarial exams. To become an actuary in India, a candidate needs to clear 15 (fifteen) examinations which are divided into four series namely Core Technical (CT), Core Application (CA), Specialist Technical (ST) and Specialist Application (SA).

For Registration: website of IAI



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