Study Actuary from Institute of Actuaries in India, Mumbai.


A brief description of the actuary course, career opportunities, syllabus and contact information of Institute of Actuaries of India.

Institute of Actuaries of India.

About the Institute: The Institute of Actuaries of India (IAI) is a professional body that was formed in 1944 for the advancement of the actuarial profession in India. IAI is the sole institute that offers actuarial qualification in India. Initially IAI was a non-examining body but from 1989 IAI started conducting actuarial examination.

About the course: IAI has set the following eligibility criteria for admission:

- The candidate should be over 18 years of age.

- The candidate should have passed 10+2 (H.S.C) or equivalent with at least 85% in Mathematics/Statistics or Graduate or Post Graduate with Mathematical subjects.

- The candidate should be MBA/PGDBA or equivalent in disciplines having mathematical/statistical content. Each case to be examined on case to case basis.

- The candidate should a member of any of the following professional Institute:

- The Institute of Chartered Accountants of India (ICAI).

- The Institute of Cost and Works Accountant of India (ICWAI)

- Institute of Actuaries, UK.

- Faculty of Actuaries, UK .

- Institute of Actuaries of Australia.


- Any students who passed from the following Institutes:

- Society of Actuaries, USA.

- Casualty Actuarial Society, USA.

For detailed information visit: http://www.actuariesindia.org/The%20Actuarial%20Profession/Eligibility.htm.

Application form can be downloaded from:http://www.actuariesindia.org/Downloads/Forms/acturial%20form%20new2010.pdf.


The syllabus of IAI for 2010: The syllabus can be found at:http://www.actuariesindia.org/Actuarial%20Education/syllabus/Syllabus%20for%20the%20year%202010.htm.

Career opportunities: Actuaries work in the following areas:

- An actuary products design, sets pricing policies, helps management, sets suitable premiums for the benefits and services offered by Life, General, Health Insurance and Reinsurance Companies.

- An actuary designs scheme of benefits to the members of the Pension Scheme, calculates and certifies pension cost on Acquisitions and Merger of Companies.

- An actuary can work as a consultant for Insurance companies.

- An actuary also works for Government to Manage State Pension Schemes etc.

- An actuary also identifies risks involved in executing projects.


Contact details: Contact the Institute at:

Institute of Actuaries of India,
302, Indian Globe Chambers,
142, Fort Street, Off D N Road, Mumbai - 400 001.

Tel: +91-022-67843301.

E-mail: education@actuariesindia.org

Web : www.actuariesindia.org


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