#1
5th August 2014, 08:07 AM
| |||
| |||
Process to Become an Actuary
I want to know about procedure to Become an Actuary in india ? give me details about it ?
|
#2
5th August 2014, 09:35 AM
| |||
| |||
Re: Process to Become an Actuary
Actuarial science is the study and application of mathematical and statistical methods for risk management in the banking and finance sector. To Become an Actuary first of all Complete a bachelor's degree in areas of mathematics and finance After Then you have to clear your CA final examination, after that you will be exempted from entrance test and you just have to get a reference from an existing actuary The Fellow membership of The Institute of Actuaries of India is achieved by passing examinations at various stages and fulfilling other conditionality as required from time-to-time. The examinations can be taken after being enrolled as a Student member. Types of Actuaries Enterprise Risk Management (ERM) Investments Retirement Benefits Group & Health Insurance Finance Individual Life & Annuities Chartered Enterprise Risk Analyst (CERA) List of Actuarial Sciences colleges in India: Annamalai University,Tamil Nadu University of Kalyani, West Bengal Andhra University, Visakhapatnam AMITY School of Insurance and Actuarial Science,Noida(ASIAS) University of Madras, Chennai Birla Institute of Management Technology, New Delhi Narsee Monjee Institute of Management Studies, Mumbai Bishop Herber College, Tiruchirappalli DS Actuarial Education Services (DS ActEd), Mumbai Jaipuria Institute of Management, Lucknow University of Delhi, Delhi Berhampur University,Orissa RNIS College of Insurance, New Delhi Aligarh Muslim University,Aligarh University of Mumbai, Mumbai Manipur University ,Canchipur, Imphal CMD School of Insurance and Actuarial Sciences, Uttarpradesh Kurukshetra University,Kurukshetra Dr. Ram Manohar Lohia Avadh University, Faizabad, U.P. Institute for Integrated Learning in Management (IILM), Noida Gurunanak Dev University, Amritsar Goa University, Goa |
#3
29th May 2015, 08:59 AM
| |||
| |||
Re: Process to Become an Actuary
Hello Sir, I want to become an Actuary. Would you like to tell me about the procedure to become an Actuary?
|
#4
29th May 2015, 09:00 AM
| |||
| |||
Re: Process to Become an Actuary
Actuary is a person who calculates and examines statistics and uses them to calculate insurance risks and premiums. Here, I am giving you details to become an Actuary. Eligibility Criteria: First, applicant need to pass class 12th with Mathematics/ Statistics and should have at least 85% marks in class 12th. After it applicant need to pass Graduates or Post Graduate degree in Mathematical subjects with at least 55% marks. Candidates with CA/ CS/ ICWA/ MBA (Finance)/ PGDBA will also become an Actuary. Age Criteria: The minimum Age of candidate is 18 years. Skills required for Actuary Honesty Hard working Communication skills Steps to apply for Actuary Step1: Applicant need to take a course including 15 subjects with 14 compulsory and 1 optional subjects. Following are the subjects: 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 CA series (Core Applications Concepts) CA1-Core Applications concepts consisting of assets and liabilities CA2-Modelling, CA3-Communications 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 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 Step 2: Certificates in Actuarial Techniques Step 3: Now you are eligible to apply for Actuary Job areas: In the field of Life Insurance AMP Sanmar Life Insurance Co.Ltd Allianz Bajaj Life Insurance Co.Ltd Birla Sun Life (Distributor Co.Ltd) Aviva Life Insurance Co.Ltd. HDFC Standard Life Insurance Co.Ltd. ICICI Prudential Life Insurance Co.Ltd. ING Vysya Life insurance Co.Ltd Om Kotak Mahindra Life Insurance Co.Ltd. Max New York Life Insurance Co.Ltd. Met Life Insurance Co.Ltd. SBI Life Insurance Co.LTD. TATA AIG Life Insurance Co.Ltd. Life insurance Corporation (India’s first and the biggest government sector Life insurance corporation) Non-Life Insurance Bajaj Allianz HDFC Chhub GIC ltd ICICI Lombard General Insurance Co Ltd IFFCO-TOKIO General Insurance Co Ltd. Reliance GIF Royal Sundaram GIC Cholamandalam GIC TATA AIG Oriental Insurance United India Insurance National Insurance Co General Insurance Corporation New India Assurance Company |