The Actuary's Role

Actuaries provide professional services in a wide range of business and social contexts.

* Investment and Financial Services

* Life Insurance

* Health Insurance

* General Insurance

* Employee Retirement and Benefit Plans

Criteria :

A person is eligible to be considered for admission as student member if he / she satisfies the following conditions .

1. Should have completed 18 years of age

2. Should have attained anyone of the following Educational Standards

a. Passed 10+2 (H.S.C) or equivalent with at least 85% in Mathematics / Statistics

b. Graduate or Post Graduate in Maths/Stats/Econometrics

c. Any Engineer / CA / CS / MBA (Finance) / MCA

d. Any member of Society of UK / US / Australia

e. Fully qualified members of following Professional bodies such as

i. The Institute Of Chartered Accountants of India(ICAI)

ii. The Institute of Cost and Works Accountant of India (ICWAI)

iii. The Institute of Financial Analyst of India(IFAI)

iv. The Insurance Institute of India (III) passing with subjects 81- mathematical Basis of Insurance and 82- Statistics

f. A students of following actuarial bodies provided atleast one subject has been passed from these bodies

i. Society of Actuaries , USA

3 . An application should be recommended by a member of professional body like such as Institute Of Chartered Accountant of India, Institute of Cost & Works Accountant of India and Institute Of Company Secretary of India

Examination :

The study course of ASI is divided into four stages :

Core Technical Stage : This consists of 8 subjects each with one paper of 100 marks ( CT1 to CT8) and all are compulsory

Core Application Stage : This consists of 2 compulsoy subjects ( CA 1 to CA3) , CA1 consists of two papers 9 CA 1 and CA 1 2) whereas CA2 and CA3 shall have one paper each

Specialist Technical Stage : This stage consists of 6 papers ( ST1 to ST6) and the students would required to choose any two

Specialist Application Stage : This again shall consist of 6 papers (SA1 to SA6) and the student hasto clear anyone.

For an aspiring student, a high level of mathematics is extremely good.

Important Websites :

Actuarial Society Of India -

Institute of Actuaries - London -

Institute Of Actuaries - Australia -

Society Of Actuaries, USA -

Insurance Regulatory And Development Authority - Hyderabad -

List of Institutions In India

1. Bishop Herber College, Trichy, Tamil nadu - 620 017 Website :

2. Ernakulam Insurance Institute, C/O LIC Of India Divisional Office, Jeevan Prakash, M.G.Road, Ernakulam - 682 011

3. The National Insurance Academy, Balewadi Bancer Road, Pune.

4. College Of Insurance, Greeshnan Assurance Building, Sir PM Road, Fort Mumbai - 400 001

5. Insurance Training Centre , 25 Baranshi Glash Street, Calcutta - 700 007

6. College Of Vocational Studies, Delhi University , Triveni (Sheikh Sarai) Delhi - 110 017

7. Directorate of Distance Education, Alagappa University, Karikudy, Tamil Nadu 630 003

8. Tolami Institute Of Management Studies, P.B.No.11 Adupur, Gujarat - 370 205

9. Kalyani University, Kalyani Nadia Dist West Bengal - 741 235