ACET December 2018:
ACET Eligibility Criteria:
Actuarial Common Entrance Test is conducted by the Institute of Actuaries of India to test candidate’s ability to pursue Actuarial Science to become an Actuary. This test is a kind of entrance test consists of five subjects viz. Statistics, Mathematics, Data Interpretation, Logical Reasoning and English. The minimum eligibility is that the candidate should have passed 10+2 (or, equivalent) with English as one of the subjects.
- The examinee must have appeared 10+2 examination or an equivalent examination with English as one of the subjects at 10 + 2 level.
- Candidate already in education at higher levels and also those working and having qualifications in mathematical subjects are eligible to take up the examination.
- Engineering students or professionals, chartered and cost accountants, company secretaries, management graduates, degree holders in mathematical and statistical sciences etc are eligible 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.
Exemption for ACET:
- Any applicant who has passed at least three subjects from any one of the actuarial body where IAI has MRA (Mutual Recognition Arrangement) arrangement shall be exempted from ACET Examination.
- The registration fee for the entrance exam is Rs. 3,000 (three thousand only).
- This covers the cost of one Sample Question Paper, Indicative Solution and Online Exam.
- The registration fee is non-refundable or it can be carried forward for the next ACET.