How to become an Actuary

I want to become Actuary, how to become an Actuary, please provide step by step procedure???

[Kiran Chandar]

Actuary is a professional working in the insurance sector who charge the financial contact of an uncertain future event and predict to a certain degree of correctness as.

Eligibility
Should have passed 10+2 (HSC) or equivalent with at least 85% in Mathematics/ Statistics

Graduates or Post Graduate with not less than 55% marks in Mathematical subjects

Candidates with CA/ CS/ ICWA/ MBA (Finance)/ PGDBA

Age:
Minimum age to become an Actuary in India is 18 years

To become an Actuary, one needs to take up a course including 15 subjects with 14 compulsory and 1 optional subjects of a given list of subjects.

These subjects are grouped into
100 Series (CT),
200 Series (CA),
300 Series (ST) and
400 Series (SA)

1. The subjects in CT Series cover Mathematical, statistical, economic and financial techniques, which are applicable internationally.

There are 9 Subjects in CT series that are listed below:

CT series (Core Technical Stage)
CT1-Financial Mathematics
CT2-Finance and Financial Reporting
CT3-Probability and Mathematical Statistics
CT4-Models
CT5-General Insurance, Life and Health Contingencies
CT6-Statistical Methods
CT7-Economics
CT8-Financial Economics
CT9-Business Awareness Module

2. The CA series contains a question of general actuarial interest and aims to test communication skills of the students

There are 3 Subjects in CA series that are listed below:-

CA series (Core Applications Concepts)
CA1-Core Applications concepts consisting of assets and liabilities
CA2-Modelling,
CA3-Communications

3. The ST Series cover investment, Life-Insurance, General Insurance and Pensions and other employment benefits

There are 6 Subjects in ST series that are listed below:-

ST series (Specialist Technical Stage) - Any two subjects
ST1-Health & care Insurance
ST2-Life Insurance
ST3-General Insurance
ST4-Pension & other employee benefit
ST5-Finance & Investment A
ST6-Finance and Investment B

4. The SA Series subjects focus on the practical application of the Principles covered in the corresponding ST Series subjects and earlier subjects.

There are 6 Subjects in SA series that are listed below:-

SA series (Specialist Application Stage) Any One Subject
SA1-Health & Care
SA2-Life Insurance
SA3-General Insurance
SA4-Pension & other Employee Benefit
SA5-Finance
SA6-Investment