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Prizes for Exam Performance
  1. ACET Prize Award
    • ACET Award is instituted by Parikh Parivar Prize fund and (Late) A S Gupta Prize Fund.
    • This Prize fund has been constituted for student scoring highest marks in April/October ACET exam.
    • The Award consists of personalized Trophy and Prize money of Rs. 10,000/-
    • The award is presented in the “Global Conference of Actuaries” in the Actuarial Gala Functions and Awards (AGFA) Ceremony in February every year.
    • Details of candidates will be published on the website and in the Actuary India magazine.

    a) Parikh Parivar Prize Fund

    • This Award is given to the candidate scoring highest marks in ACET Exam conducted in the month of October.

    b) Late A S Gupta Prize Fund

    • This Award is given to the candidate scoring highest marks in ACET Exam conducted in the month of April.
  2. Prize Fund for Highest Marks
    • The Prize fund for highest marks is instituted by contribution given by various donors to Institute of Actuaries of India.
    • This Prize fund has been constituted for student scoring highest marks in March/September exam diet.
    • The Award consists of prize money of Rs. 5000/-
    • Details of candidates will be published on the website and in the Actuary India magazine.


    Sr. No Name of the Awards Subject Name of Subject
    1 Shri R. Krishnaswamy Memorial Prize  CT1 Financial Mathematics
    2 Shri. Atma Ram, Shri Chhaju Ram and Smt. Parvati Devi Memorial Scholarship Prize CT2 Finance and Financial Reporting
    3 Shri. H V Krishnamurthy Prize  CT3 Probability and Mathematical Statistics
    4 Shri. R. Krishnaswamy Prize  CT4 Models
    5 Smt. Vidhya Wati and Smt. Santosh Kumari Memorial Scholarship Prize CT5 General Insurance, Life and Health Contingencies
    6 Shri. R M Joshi Prize  CT7 Business Economics
    7 Shri. G S Diwan Centenary Commemoration Prize CT8 Financial Economics
    8 The Future Actuary Prize  CA1 Actuarial Risk Management
    9 J R Joshi Prize  CA3 Communication
    10 Shri. G S Diwan 100th Birth Anniversory Memorial Education Prize ST1 Health & Care Insurance
    11 Late Shri. Janardan Pundalik Nerurkar Prize  ST2 Life Insurance
    12 Shri. K A Pandit Memorial Prize  ST4 Pensions & Other Employee Benefits
    13 Shri. Kamal Kumar Noranglal Podar Prize  ST5 Finance and Investment A
    14 Late Shri. D Basu Prize  ST6 Finance and Investment B
    15 Shri. Peter Akers Prize  ST7 General Insurance – Reserving and Capital Modelling
    16 Shri. G S Diwan 100th Birth Anniversary Memorial Education Prize SA1 Health & Care Insurance
    17 Shri. G S Diwans Memorial Prize  SA2 Life Insurance
    18 Late Shri K P Sarma Memorial Prize for the Meritorious in General Insurance   SA3 General Insurance
    19 Canada Life Scholarship Endowment Prize SA4 Pensions & Other Employee Benefits
    20 Shri. G S Diwan Memorial Scholarship Prize SA6 Investment

  3. Academic Excellence Award
    • Academic Excellence Award is instituted by various companies.
    • This Award fund has been constituted for student scoring highest marks in CA, ST & SA level subjects for March/September exam diet.
    • The Award consists of personalized trophy with prize money of Rs. 10,000/-
    • The Award is presented in the “Global Conference of Actuaries” in the Actuarial Gala Functions and Awards (AGFA) Ceremony in February every year.
    • Details of candidates will also be published on the website.

  4. Other Awards

  5. No.Name of the AwardSubjectName of Subject
    i.Principal Financial Group AwardFor Associate shipPrincipal Financial Group
    ii.Meena Sidhwani Memorial Academic Excellence AwardFor Fellowship-

    The awards are presented in the “Global Conference of Actuaries” in the Actuarial Gala Functions and Awards (AGFA) Ceremony in February every year.

    i. Principal Financial Group Award for Associate ship
    This Award Instituted by Principal Financial Group to the Student who completing Associateship within 3 years will receive Gold Medallion worth Rs. 25,000/-. There will be only one award in a year. In case of tie, the shortest time from the date of joining would be taken. In case, the tie still exists than it would be decided in favor of the younger candidate. If tie still exists than a decision would be taken at that point in time.

    ii. Meena Sidhwani Award Fund - Fellowship
    The Scheme of Prizes / Awards is effective from year 2002. This award is given to perpetuate the Memory of Ms. Meena Sidhwani. This Award maintain by the Institute and given to the Student who completing Fellowship within 4.5 years from the date of joining will receive Gold Medallion worth Rs. 25,000/. There will be only one award in a year. If tie still exists than a decision would be taken at that point in time.
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