SP1

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SKU: N/A Category: Actuaries

About Course

SP1 – HEALTH AND CARE PRINCIPLES

Area	Description
Introduction	Health and Care Specialist Principles and Advanced (SP1 and SA1) are key assessments for students working in the field of health and care. For the new curriculum we have developed learning material covering changes in the health and care environment, the products sold, the legislative and regulatory environment, risks and risk management and pricing. Key developments include for SA1 drawing on examples from different territories. In particular looking at the health care challenges in different markets around the world.
Aim	The aim of Health and Care Principles (SP1) is to develop a student’s ability to apply, in simple situations, the main principles of actuarial planning and control that are relevant to the provision of health and care business.
What You Learn	It builds on material covered in earlier subjects and seeks to equip a student with the skills and broad working understanding of health and care business to the level that may be required of a qualified actuary in a health and care insurance company.

Detail	Information
Duration	The assessment is 3 hours and 20 minutes long.

Skill Type	Weightage
Knowledge	25%
Application	50%
Higher Order Skills	25%
In the SP subjects, the approximate split of assessment across these three skill types is 25% Knowledge, 50% Application and 25% Higher Order Skills.

Why TAJ

#	Feature	Details
1	Experienced corporate faculties	With 13-14 exams cleared to make you understand the application of knowledge contained in the subject.
2	Classes available in all 3 modes	Classroom, Live Online, and Videos.
3	Multiple small batches	To focus on personal interaction and development.
4	Regular Assignments and feedback sharing	To discuss your improvement areas.
5	Detailed Study plan, Chapter Wise Important Topics	Detailed description – main highlights.
6	Exclusive writing and discussion sessions	Oriented to case studies and past papers discussion.
7	Regular doubt classes	To help you learn technical skills and clear your conceptual knowledge.
8	It’s not about only writing	It’s about what to write and how much to write so writing and discussion sessions is our USP and that too by All India ST4 Topper.
9	Handwritten Notes	For Each and Every Chapter.

Area	Coverage
Aim	The aim of Health and Care (SP1) is to develop a student’s ability to apply the main principles and techniques of actuarial management and control that are relevant to Health and Care.
Coverage	It builds on material covered in earlier subjects to cover the key principles of Health and Care.

Detail	Information
SP1	3 hours and 20 minutes exam.
Calculator	Scientific Calculator is allowed in exam. However, you can use only one of the models from the list below. This can also be used for future exams.

#	Allowed Calculator Model	Note
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

#	Topic	Weightage
1	Health and Care products and general business environment	15%
2	Product design and specific features	25%
3	Risks and risk management	30%
4	Models and valuation	15%
5	Monitoring experience and setting assumptions	15%

About Faculty

Faculty	Mrs. Silky Goyal
About	Silky Goyal is coming straight from the industry and now at a place where her heart lies.
Vision	Visionary on the path of becoming an actuary laid the foundation of The Academic Junction.
Teaching Approach	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.
To know more about our faculty – Click on LinkedIn Profile