Actuarial Science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions.

Actuaries

Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of thorough professional examinations. Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, and computer science.

Who can become an Actuary

In India, a Fellow member of The Institute of Actuaries of India is referred to as an Actuary. The Fellow membership is achieved by passing examinations at various stages and fulfilling other conditions as required from time-to-time. The examinations can be taken after being enrolled as a student member. In UK to qualify as an actuary one need to apply to become a student member of the Institute and Faculty of Actuaries (IFoA). One then need to pass the exams, or obtain exemptions from them and gain a satisfactory level of work-based skills An HSC passed, graduate, post graduate, Engineer, MBA, CA, ICWA etc with sound knowledge in Mathematics & Statistics with good business awareness and passionate about logic and problem solving.

Industries Involved

Actuaries are engaged in life insurance, retirement benefit consultancies, asset management, post retirement medical benefit, EOBI and provisional social security institutions for the cost of retirement benefit plans. They also involved in periodic valuation of life insurance business, pensions and other investment benefits liabilities.

What does Actuaries do?

  • Actuaries Make Financial Sense of the Future
  • Actuaries Enable More Informed Decisions
  • Actuaries Balance the Interests of All

Benefits

  • High PayGrade
  • Interesting Work
  • In Depth Knowledge

Exam Dates in India and UK

  • The exams are conducted twice a year.
  • In India, the exams are conducted in May/June and Oct/Nov.
  • In UK, the exams are conducted in April and Sept/Oct.

Actuary Class Schedule

CT1 Live Faculty Duration No of Classes DTH Gross Discount Fees
Day Saturday Sunday Thursday Mr. Sanjay Saraf, CFA, FRM, MS(Fin), CTM, CIIA, CPM, CIB 4 Months 40 INR 20,000 25.00% INR 15,000(Live)
Time 7:00 AM 10:00 AM 6:00 PM Mr. Karan Aggarwal, CFA, FRM
CT8 Live Faculty Duration No of Classes DTH Gross Discount Fees
Day Tuesday Thursday Friday Mr. Sanjay Saraf, CFA, FRM, MS(Fin), CTM, CIIA, CPM, CIB 4 Months 40 INR 25,000 20.00% INR 20,000(Live)
Time 11:00 AM 11:00 AM 11:00 AM Mr. Karan Aggarwal, CFA, FRM
ACET Live Fee Faculty Duration
Day Monday Wednesday Friday Saturday Sunday 4 Months
Topic Maths & STAT/ LR & DI English English Maths & STAT/ LR & DI Maths & STAT/ LR & DI INR 15,000(Live) Dushyant Chaturvedi Sir
Time 11.30am-1.30pm & 2pm-3pm 1.30pm 1.30pm 11.30am-1.30pm & 2pm-3pm 11.30am-1.30pm & 2pm-3pm INR 18,000(Live) Soumyadipta Das Sir