Table of Contents
Is IAI better than IFoA?
IFOA has advantage of higher pass rates while IAI membership has 2 advantage that IFOA doesn’t have. Firstly, it’s very cheap compared to IFOA both in exams and membership fees. Secondly, IAI conducts 10-15 seminars or events each year which are very good for holistic learning and networking.
Who are exempted from ACET?
Casualty Actuarial Society CAS (non-life: property and casualty insurance) and Society of Actuaries (life, health, pensions and retirement). If you have passed in at least 3 subjects under the examination systems of these 3 countries, you are exempt from ACET and can continue with the subsequent exams.
What is the meaning of exempted in exam?
Exemption- If you score 60 or more in any subject then that is called exemption. If one got 60 in one subject but failed to clear the group then she/he will be exempted (no need to write the exam again) from giving that particular paper in the next attempt.
What is a university exemption?
Exemptions are issued to a university where you have been registered. You can apply to as many universities as you like, but you can only register at ONE university for an academic year.
How can I get admission in IAI?
For admission in IAI you have to appear for the given entrance exam: Actuarial Common Entrance Test (ACET 2021). To become an actuary, Candidate has to qualify the actuarial science exam that is conducted by the IAI and have 3 years of practical work experience.
Can non-members take the CT1 or CT3 exam?
For the April 2018 exams, non-members were able to apply for either CT1 (Financial Mathematics) or CT3 (Probability and Mathematical Statistics). This gave non-members the option to complete the CT1 exam if they had been studying towards this; or to take CT3 which if passed will gain a CS1 in 2019.
Are IFOA members eligible for exemption from the IAI exams?
Members who joined the IFoA before 17:00 (BST) on the 31 July 2019 and hold the exam passes for subjects sat with the Institute of Actuaries India (IAI) until 31 December 2021 maybe eligible for exemption from certain subjects. It should be noted that for the IAI December 2018 examinations, the IFoA will not be recognising IAI passes achieved.
What is ctct1 and how do I take it?
CT1 is one of the nine Core Technical (CT) subjects. Students need to pass or obtain exemptions from all of the CT subjects. Visit Exam exemptions for more information about how to apply for exemptions from the professional exams. There are two opportunities each year to sit this exam: in April, and in September/October.
How do I select low income for CT-1 exam?
You can select it if you are a non-earning student or your income is below the specified amount (in GBP) as mentioned in the IFoA website. Fill the CT-1 exam form as a non member and you will see a box in income section. tick that box of low income i.e. you are earning less than 7140 GBP.