LAST DATE TO TAKE STUDENT MEMBERSHIP ADMISSION (IF WANTS TO APPEAR FOR NOVEMBER 2015 EXAM) 14th July 2015
If you have passed the ACET, this means you are eligible for student membership of the IAI. With effect from 21st June 2014, Friday, Application for Student Membership of Institute of Actuaries of India (IAI) for ACET passed students has become online.
How much time does it take to prepare for a particular exam?
The actual amount of time each student needs to spend on a particular subject will vary from student to student. Quality of study time is far more important than quantity of study time. Nevertheless, the following broad guidelines may be suggested for number of hours of intensive study:
Core technical subjects (CT1-CT8) Between 125 and 150 hours depending on the subject and an individual student’s past educational background in the subject.
Business awareness (CT9) At least 20 hours plus two-day practical course.
Actuarial risk management (CA1) 400 hours.
Model documentation, analysis and reporting (CA2) 50 hours.
Communications (CA3) 50 hours.
Specialist technical subjects (ST) 200 hours.
Specialist applications subjects (SA) 300 hours
In how many subjects can I appear in one exam diet?
You can appear for a maximum of three subjects in a single examination diet. Whilst there is no prescribed number of subjects, a reasonable work-load for an exam diet might be one of the following:
• Two-three Core technical subjects
• Actuarial risk management (CA1) paper
• two Specialist technical subjects
• one Specialist technical subject and the chosen Specialist applications
• some other comparable combination
Syllabus may be obtained from Institute’s website http://www.actuariesindia.org/