ACET is acronym for Actuarial Common Entrance Test
Institute of Actuaries of India (IAI) conducts ACET twice every year in April and October.
Yes, if you wish to enroll as a student member of IAI. No, if you can afford the costs of UK institute.
The Registration fee for the ACET is Rs3000.
A minimum qualification of 10+2 (with English as a main subject) from any recognized board in India and a minimum age of 18 years (or nearing 18) is the only eligibility criterion.
From 2016 onwards, ACET now tests your skills in English, Reasoning and Data Interpretation beside the skills in Mathematics and Statistics & Probability.
Yes, you can sit for it, provided you had English as a main subject at 10+2 level.
From 2016 onwards, IAI would grant admission even without ACET provided you have cleared 3 or more actuarial exams of some other Actuarial body like IFoA UK
Unsuccessful students can reappear by registering for ACET again. However, they can consider appearing for CT1 from Institute and Faculty of Actuaries UK.
No, you would be not exempted from ACET, ACET is compulsory for taking membership from IAI.
The Exam duration is 3 Hours
It is 100 marks online exam which has 70 multiple choice questions. 45 questions of 1 mark each, 20 questions of 2 marks each, 5 questions of 3 marks each.
It is an Objective based exam. Yes, there would be negative marking for incorrect answers.
IAI reveals little about this except the fact that there is a system of sectional cut-off and negative marking in place. This means, you have to score the pass marks or more in each section individually. So, one may score 100% in Maths and Stats and may still fail in ACET if they fail to get the required pass marks in English
Since the addition of English and Reasoning section, the overall pass rates have been around 15% or 1 in every 7 candidates. However, the iPoint pass rates have been around 60% or 4 out of 7.
ACET results are declared within 20 days from the date of the exam..
No, this exam only in conducted only in the online format.
The exam is being offered only in some 27 selected cities within India
You can choose only the city and a centre; time is pre specified (10:00am – 1:00pm).
InflexionPoint provides best in class infrastructure, most experienced permanent faculty, regular practice assignments & test with personalized improvement feedback. It’s the culture and commitment to excellence that distinguishes iPoint from the rest.
we at inflexion point, do it in two stages. First, you need to master the concepts with total command that will help you throughout your Actuarial Career. Second, you need to practice in an MCQ environment to save precious time. You are given topic-wise and unit-wise assignments and test to practice your skills.
we at inflexion point, ensure that you develop the right approach for all statistical concepts and come out a winner at all stages of your actuarial career. First, we deliver ‘Concept Clarity’ and then ensure that you have seen and practiced enough MCQs before you actually face your ACET.
we at inflexion point, work hard to ensure that any wrinkles in your command over the English language are ironed out with élan. Instead of merely being put through practice exercises, you are also taught the right grammar and the usage before you are given an exercise to practice.
we at inflexion point, take advantage of this section to work upon the mental biases and logical flaws in your thinking to ensure a cogent and coherent thinking mind that proves to be an asset throughout your professional career .
we at inflexion point, ensure that you develop the most appropriate sense of data. As professional actuaries, you will have a lot to do with data. So, you need to be aware of the dangers of over-reading or not fully analysing the data. Through a set of well-designed exercises, you are equipped to interpret data presented in any form – be it tabular, graphical or diagrammatic