Course: SP2 | Faculty: Mrs. Silky Goyal
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SP1 (Full English Course)
Original price was: ₹35,000.00.₹30,000.00Current price is: ₹30,000.00.
SP4 (Full English Course)
Original price was: ₹30,000.00.₹25,000.00Current price is: ₹25,000.00.
SP2 (Full English Course)
Original price was: ₹35,000.00.₹30,000.00Current price is: ₹30,000.00.
About Course
SP2 – LIFE INSURANCE PRINCIPLES
About SP2 – Life Insurance Principles
| Area | Description |
|---|---|
| Introduction | Life Insurance Principles (Subject SP2) provides an introduction to the main principles and knowledge required in life insurance, and how these principles can be applied in simple scenarios. |
| Link to SA2 | Life Insurance Specialist Advanced (Subject SA2) further develops the principles from Subject SP2, providing a more in depth understanding. In particular, it considers in much more detail the environment in which a life insurance company operates, which will include life insurance markets, regulation, legislation, taxation, financial management, monitoring and strategies. |
| Aim | The aim of Life Insurance Principles (SP2) 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 life insurance 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 life insurance business to the level that may be required of a qualified actuary in a life insurance company. |
Exam Format
| Detail | Information |
|---|---|
| SP2 | 3 hours and 20 minutes exam |
Assessment Skill Split
| Skill Type | Weightage |
|---|---|
| Knowledge | 25% |
| Application | 50% |
| Higher Order Skills | 25% |
| In the SP subjects, the approximate split of assessment across the three skill types is 25% Knowledge, 50% Application and 25% Higher Order skills. | |
Why Taj
Why SP2 from The Academic Junction?
| # | 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 | Writing and discussion sessions – our USP | 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. |
SP2 Course Content
| Area | Coverage |
|---|---|
| Aim | The aim of Life Insurance (SP2) is to develop a student’s ability to apply the main principles and techniques of actuarial management and control that are relevant to life insurance. |
| Coverage | It builds on material covered in earlier subjects to cover the key principles of life insurance. |
Exam Format
| Detail | Information |
|---|---|
| SP2 | 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 |
SP2 Syllabus
| # | Topic | Weightage |
|---|---|---|
| 1 | Life Insurance 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% |
Assessment Skill Split
| Skill Type | Weightage |
|---|---|
| Knowledge | 25% |
| Application | 50% |
| Higher Order Skills | 25% |
| In the SP subjects, the approximate split of assessment across the three skill types is 25% Knowledge, 50% Application and 25% Higher Order skills. | |
About Faculty
About Faculty
| Faculty | Mrs. Silky Goyal |
|---|---|
| About | She 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 | |
Demo Lectures
To watch our demo videos, contact us on Whatsapp
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