Actuarial Common Entrance Test

Actuarial Common Entrance Test (ACET) is an entrance exam by the Institute of Actuaries of India (IAI) for individuals who wish to pursue their careers as an actuary. The primary requirement is that the candidate must have passed 12th grade in any stream. It will give them the eligibility to register and appear for Actuarial Common Entrance Test.



Course: ACET
Faculties: Mr. Puneet Goyal and Mrs. Silky Goyal

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Course Structure

Why ACET from The Academic Junction??

  • Experienced corporate faculties with 13-14 exams cleared to make you understand the application of knowledge contained in the subject.
  • Classes available in all 3 modes- Classroom, Live Online and Videos.
  • Multiple small batches to focus on personal interaction and development.
  • Regular assessments and feedback sharing to understand your weakness areas.
  • Regular doubt classes to help you learn technical skills and clear your conceptual knowledge.
  • Complementary videos available for all topics so that students can revise different topics as per own pace as well.
  • Regular contacts with companies and start-ups so as to share your resume and prepare you accordingly for interviews.
    ACET History- Entrance Exam conducted by Institute of Actuaries of India (IAI) from January 2012 onwards

    The New structure of Examination is:

    1. ACET is a 3 hour, 100 marks online exam which has 70 multiple choice questions with one correct answer for each question.

    2. The distribution of questions will be:
    a. 45 questions – 1 mark each
    b. 20 questions – 2 marks each
    c. 05 questions – 3 marks each

    3. The syllabus will include the questions for :
    Section-I Mathematics, Statistics and Data Interpretation having 55% of weightage
    Section-II English and Logical Reasoning having 45% of weightage.

    4. ACET will be conducted in a single day with one slot.

    5. Question paper will not have any sectional cutoffs.

    6. The Pass mark for ACET Examination is 50%.

    7. Scientific Calculator is allowed in exam. However, you can use only one of the models from the list below.
    1. Casio FX82 (ES/MS) (with or without any suffix)
    2. Casio FX83 (ES/MS) (with or without any suffix)
    3. Casio FX85 (ES/MS) (with or without any suffix)
    4. Sharp EL531 (with or without any prefix or suffix)
    5. Texas Instruments BA II Plus (with or without any suffix)
    6. Texas Instruments TI-30 (with or without any suffix)
    7. Hewlett Packard HP12c (with or without any suffix)

    About Faculties

    Mr. Puneet Goyal
    Puneet Goyal comes with a sole aim of providing students with plethora of information with his management skills and innovative teaching style.
    He does not believe in books but instead on knowledge and focuses students to go for learning and understanding concepts rather than mugging them.

    Mrs. Silky Goyal
    Silky Goyal is coming straight from the industry and now at a place where her heart lies.
    Visionary on the path of becoming an actuary laid the foundation of The Academic Junction.
    Corporate Experience combined with on job training helps her to combine real life experiences with theoretical concepts which turns theory subjects into practical and more interesting.

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    Non ACET (Direct Entry)

    The following categories are admitted to the student membership on application and submission of documents:

    1. Fully qualified members of the Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India
    2. MBA in Finance (Minimum 60% or equivalent grade)
    3. IIM Graduate
    4. BSc/MSc in Actuarial Science from Institute/ Colleges
    5. B.E from Institute (Minimum 60% or equivalent grade)
    6. IIT Graduates
    7. Fellow Member of Insurance Institute of India
    8. Passed two papers from any of the below actuarial bodies:
      • Institute and Faculty of Actuaries (IFoA),UK
      • Society of Actuaries (SOA), US
      • Casualty Actuarial Society (CAS),US
      • The Actuarial Society of South Africa (ASSA)
      • Institute of Actuaries of Australia (IAAust)
    9. Qualified 1st year Bsc.,Msc. Actuarial science from Amity University
    10. Graduation and Post-graduation diploma in Actuarial Science (PGDAS)
    11. Graduation and Post-graduation diploma in Actuarial Statistics
    12. Bcom in Actuarial Management Affiliated to Bharathiar University
    13. Bachelor of Statistics (Honours) [B Stat (Hons)] from Indian Statistical Institute
    14. Bachelor of Mathematics (Honours) [B Math (Hons)] from Indian Statistical Institute
    15. Master of Statistics [M Stat] from Indian Statistical Institute
    16. Master of Mathematics [M Math] from Indian Statistical Institute
    17. Master of Science in Quantitative Economics [MS (QE)] from Indian Statistical Institute
    18. Master of Science in Quality Management Science [MS (QMS)] from Indian Statistical Institute.