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.
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.
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.
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.
It is 3 hours and 20 mins-based assessment.
In the SP subjects, the approximate split of assessment across these three skill types is 25% Knowledge, 50% Application and 25% Higher Order Skills.
SP2
₹12,000.00 – ₹22,500.00
Course: SP2
Why SP2 from The Academic Junction??
SP2 Course Content
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.
It builds on material covered in earlier subjects to cover the key principles of life insurance.
Exam format:
3 hours and 20 minutes exam.
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.
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
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%)
In the SP subjects, the approximate split of assessment across these three skill types is 25% Knowledge, 50% Application and 25% Higher Order Skills.
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.
To know more about our faculty – Click on Linkedin Profile –
To watch our demo videos
For detailed content of SP2, please click on the attached file-
SP2 Detailed Content File
