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Frequently asked Questions - Actuarial Home Based Online Examination

1. Why the Institute is conducting Actuarial examination in home based online mode?
Due to prevailing COVID19 pandemic, it is not possible to access physical examination centers and operate a pen-and-paper examination. Keeping in mind the safety and security of our members, the Institute has decided to conduct the upcoming actuarial examination in a home-based online format.

2. How will the Home-Based Online Examinations operate?
The examination will be conducted within a secured browser environment where students will have access to the questions as well as medium to provide answers. All answers must be typed in and there will be no provision of submission of handwritten and scanned answer scripts.

For subjects where R-Studio, MS Word and/or MS Excel software is required, such application can be accessed within the platform itself.

This secured environment will be invigilated through online live proctors.

3. What are the minimum software and hardware requirement to appear for Home Based Online Examinations?
The following are the minimum software and hardware requirements to appear online Actuarial Examinations.
Hardware Personal Desktop/ Laptop
Web Camera
Microphone
Operating SystemLicensed Windows 7 and above
(NOTE: IOS / MAC BOOK ARE NOT ALLOWED)
.NET Framework 4.5.1 and above
Web Browser
(Any One)
Google Chrome – Ver. 63 and above (Recommended)
Firefox -Ver. 52 and above (Recommended)
InternetMinimum speed of 512 Kbps, preferred 1 Mbps and above
Note: Use of mobile hotspot may lead to unstable internet connectivity.
RAMMinimum 512 Mb, preferred 1-2 GB
Note: Device should have free space of more than 65MB on the default hard drive

For the following subjects, applicants shall also fulfil the additional requirements as given below:
1. CM1, CM2, CP2:
a. MS Office (Licensed) - 2010 or above
Note: To preserve the integrity and security of the examination process and content. Functional Keys, Escape key and right click of the mouse will be disabled during the time of examination. Refer FAQ Question 53.

2. CS1, CS2:
a. MS Office (Licensed) - 2010 or above
b. R version 3.6.1 or higher
c. R Studio – Version 1.1 or higher for 32 bit operating system
Version 1.2 or higher for 64 bit operating system
d. Packages – base, stats, utils, graphics, fpp, markov chain, forecast, dplyr, readxl, psych, corrplot, flexsurv, survival, etc.

We expect the students to ensure that they are able to meet the above requirements before the mock test.

4. How do I check my system compatibility before appearing actual examination?
Click on below link to check the system compatibility:
https://tests.mettl.com/system-check?i=2f9r3z1ukg#/systemCheck

5. Is the examination platform capable of supporting the load expected basis number of students registered?
We have entered a contractual agreement with a reputed third-party vendor who will provide the support for the online examination platform. We have taken steps to gain comfort that the examination platform can handle more than usual size of individual examination cohort that has registered in any previous session.

6. Is there any risk of examination misconduct by students while writing examinations online?
The Institute is conscious of enhanced perceived risk of misconduct in a situation where the examination will be held online and taken from home/any personal space. To mitigate the risk, following are the steps taken to maintain the integrity of the actuarial examinations:
  • All examinations will be invigilated through online proctors who will have access to the candidates live and will be able to see and hear them. The proctors will be adequately empowered to take corrective and/or preventive steps should any misdemeanor is detected during the examination session.
  • It will be mandatory for the candidates to keep the webcam and sound card/microphone switched on for the entire duration of the examination session.
  • The candidates are advised to appear from a closed room with no one else being present in the same confined space.
  • The candidates will be prohibited from having access to any material offline in physical format or online on their personal devices or accessible through internet.
The candidates are reminded that they are governed by Instruction to Examinees and the Institute reserves the right of taking appropriate and proportionate action should any misconduct comes to its notice during or after the examination session.

7. Will there be a change in structure of question paper?
Yes, a part of the question paper (up to 40%) will be set as MCQ format for CS and CM Paper A. This is done to mitigate challenges that may arise in typing complex actuarial notations during the examination session. However, please note that the students may still be required to type in some actuarial notation/ formula/ equation as required basis the question asked for these subjects.

No changes are expected in any other subjects.

8. What is the duration of the examination?
Each paper of the Home-Based Online Examination will be 3 hours and 30 minutes long, except for CS1B, CS2B, CM1B & CM2B each of which will be 2 hours long. The students will be allowed to write for the entire duration of the examination.

For CS, CM and CP2 (Paper A & B), it is advisable that the students utilise the last 15 minutes for uploading the answer script in the platform to avoid last minutes hassles. Failure to upload the answer script in time will mean that only the last uploaded version will be used for evaluation. In absence of any written and valid upload, it will be considered as NIL submission by the student.

9. Is there any different study material/syllabus available for Home Based Online Examination?
No. The syllabus and core reading for all subject’s remains the same as published on the Institute website, and thus the study material for 2022 examinations remain unchanged. For any clarification, contact Ms. Nilima at nilima@actuariesindia.org

10. Is this Examination an Open-Book since format changed to home-based online format?
No, this is a usual closed book Examination like how it is conducted if taken as a pen-and-paper format in an Institute authorized physical examination centre. Accordingly, you are not allowed to bring any book/Study Material/ Notes or other items containing the content of the actuarial subject. Please note, you will be monitored by online proctors throughout the Examination.

11. Will the marking or pass mark be changed given it is home based online format?
No, our examiners have developed question papers suitable to be examined in an online format. We therefore are not planning to change the marking approach nor move the pass mark for this reason only.

12. Can I use my Actuarial Table for online examination?
You can have access to your own actuarial tables. The book should not contain any annotation or markings whatsoever or any pre-written loose sheets attached to it. You may be asked to show and validate the same to the proctor during the examination..
(Note: Print or xerox copy is not allowed)

13. Can I use an External Calculator from approved list of IAI during online examination?
Yes, you can use scientific calculators during the examination. However, they can use only one of the models from the list below:
  1. Casio FX82 (ES/MS) (with or without any suffix)
  2. Casio FX83 (ES/MS) (with or without any suffix)
  3. Casio FX85 (ES/MS) (with or without any suffix)
  4. Sharp EL531 (with or without any suffix)
  5. Texas Instruments BA II Plus (with or without any suffix)
  6. Texas Instruments TI - 30 Plus (with or without any suffix)
  7. Hewlett Packard HP12c (with or without any suffix)
Please note that you will not be allowed to use any other model of the calculator. From this list, Casio FX82 (ES/MS), Texas Instruments BA II Plus and Texas Instruments TI-30 are available in India. They can be bought from any offline shop or ordered online from shopping portal.

You may be asked to show and validate the same to the proctor during the examination.

14. Will I be allowed more time to complete my examination given it is in online format?
We recognize the change in examination format and concerns that well-prepared candidates may have on their ability to complete the examination in time given their typing speed. Therefore, we have adjusted the examination duration for all sessions to address such concern to the extent possible and you will notice that the examination time allowed for the upcoming session is higher than usual offline examination conducted earlier.

15. How we will write the solutions or responses of the questions?
Below is the subject wise approach to write the solution
SubjectApproach to Write Solution
CS & CM (Paper A)To type answers question wise in MS Word Document and upload in exam platform
CS (Paper B)To copy & paste the R codes and output in MS Word document and upload in exam platform
CM (Paper B)Download the Solution Template (Excel) embedded within the question and then upload the worked solution template back to the exam platform
CP2Download the Solution Template (Excel) embedded within the question and then upload the worked solution template back to the exam platform
CP1 & CP3To type answers in Text Editor within the exam platform
CB, SP, SATo type answers in Text Editor within the exam platform
Note: For CS, CM and CP2 (Paper A & B), it is advisable that the students utilise the last 15 minutes of the examination duration for uploading the answer script in the platform to avoid last minutes hassles. Only the last successfully uploaded answerscript in the exam platform will be considered for evaluation.

16. Is there any specific font or size, I require to consider at the time of answering through online mode? Can I use bold/ italic and color font in my answer scripts?
It is suggested to use default font size.

17. How will I submit my answers?
All answers to the examination can only be submitted in the examination platform. You can submit the answers any time after the start of the examination and before the end time of the examination. However, you would not be allowed to submit the answers under any circumstance after the end time of the examination. There is no provision of emailing or submitting your work by any other means.

18. What functionalities of MS Office and R can be used during the CS, CM and CP2 examinations?
The minimum software version requirement for MS Office and R based examinations are provided earlier in answer to point 3.
Please take note of the following:
  • You can use any standard function available in Excel, Word and R (excluding the use of Macros).
  • You can use the Equation Editor to construct any actuarial notation/symbol/equation. Alternately, you can use any other form of presentation of the same as long as any third person can comprehend what is written.
  • You are not permitted to handwrite mathematical equations. This includes the use of freehand drawing tools or other hardware such as drawing tablets, which are prohibited.
  • You are prohibited to use ‘Dictate’ or any similar function. You are expected to complete all examination answers using keyboard entry into the applicable platform as outlined earlier (see point 15).
  • You are requested to delete or disable any customized add-ins within the MS Office platform as its use or access is prohibited during the examination session.
  • You are prohibited to use RMarkdown and knitR during the R-based examination.

19. Is it permitted to use a device that converts handwritten text into typed text automatically?
No, you are not permitted access to such a device. You are expected to complete all examination answers using keyboard entry into the applicable platform as outlined earlier (see point 15).

20. What if I do not fulfil the mentioned software and hardware requirements to appear for online examination?
You are strongly advised to ensure that you can fulfil the mentioned software and hardware requirements before the examination. In case if you do not, you will find that you are not be able to access the online platform during the examination and you will lose the attempt.

21. Can I appear for online examination through my office laptop?
You are advised to use your personal laptop/desktop for online examination. Office laptop/desktop may have security/download related restrictions. It is the candidate’s personal responsibility to ensure they meet the software and hardware requirements as stipulated above so that the online examination platform can operate without any hindrance.

22. What happens if the computer hardware or MS Office/R software fails during the examination?
You are strongly advised to test the hardware i.e. laptop or desktop along with accessories like mouse, keyboard, webcam, soundcard/microphone and satisfy yourselves that they are in working condition. You should have downloaded any latest security patches and keep your device updated to its latest expected version before the start of the examination. You can also access any back-up device which meets the minimum hardware requirement as a replacement if need arises.

In case of MS Office/R, we strongly advise the candidate to only use authorized and legitimate version of the software. The candidate is advised to download and install all latest software updates before the examination.

Given this is home-based examination, it remains the responsibility of the candidate to ensure the hardware/software works during the time of examination.

23. What happens in case of power failure/interruption during the examination?
You are advised to keep your laptop fully charged and/or have a battery capacity that can last the full duration of an examination session. For desktop, it is advisable to have power back-ups which can be invoked in case of power failure/interruption.

Given this is home-based examination, it remains the responsibility of the candidate to ensure the access to uninterrupted electricity or means to keep your device working.

24. What happens in case if internet connectively fails during the examination?
This is a home-based online examination which requires you to access an online platform over the internet during the entire duration of the examination, thereby ensuring that you can look up the question at any time and any answer written on the text editor within the platform gets auto-saved. You are invigilated through online proctors and the assigned proctors need to be able to see and hear you continuously during the entire examination. Both of these requirements mean that you need to ensure uninterrupted internal connectivity during the examination session.

In case of unfortunate situation when internet connectivity does get disrupted intermittently, the following needs to be kept in mind:
  • Your work on the text editor within the examination platform gets auto-saved frequently and chances of losing any written work are remote.
  • Your work done on MS Office or R software doesn’t get automatically saved in the platform till you upload the relevant files at the end. You should therefore ensure you are saving the work in your local drive periodically till it is ready for upload to avoid disappointment.
  • You are expected to keep screenshots as evidence for any internet disruption impacting your work materially as and when they occur. You may be asked to submit them in case you are seeking relief due to such disruption.
  • Any deliberate attempt to disconnect the internet access will be considered as misconduct and disciplinary action can be initiated under such circumstances.
You are advised to keep provision of alternate internet connection which can help in minimizing disruption.

25. Is there a way I can apply for mitigating circumstances in case of prolonged disruption caused by hardware/software failure, or issues related to electricity or internet connectivity?
You are advised to keep provision for alternate options to mitigate issues related to above mentioned disruptions. The Institute unfortunately will have no recourse to help/fix in case of any failure before or during the examination.

We have updated the examination duration for this session to allow for such incidences, thereby allowing candidates fair chance to complete the paper in time. In case of disruption such that it adversely impacted your performance materially, the impacted candidate is advised to write to the Institute after the end of examination session seeking appropriate recourse along with evidence. The Institute will look at the request basis its merits.

26. What happens if the examination platform fails during the examination?
In an unfortunate situation where the examination platform fails for reasons other than issues related to candidate’s hardware/software or power/internet connectivity, the Institute will try to put alternate arrangements in place on a best effort basis. In case it is not possible, the Institute may offer to re-schedule to an alternate date or cancel the session/provide refund of examination fees as deemed appropriate.

27. Is there a provision for me to see/test the examination platform beforehand?
We recognize that you will be using this online examination platform for the first time. To ensure that platform works on your individual device as expected and give you a hands-on experience of using the platform before the examination day, we have planned to conduct mock test/s in the weeks prior to examination start date.

We strongly advise all registered candidates to appear for such test and use the opportunity to test the application on your personal devices and experience how the online platform would work on the day of examination. Please note we are not going to mark the scripts submitted during the mock test.

28. Where should I take the examination?
This is a home-based online examination. We would suggest that you appear for the examination in any place at home, or any private place, keeping the following in mind:
  • The place should be quiet and you can keep access for the full duration of the examination without an external interference.
  • It should be a confined private place where you can control access from anyone else entering without permission.
  • You are required to ensure that no one else can be present during any part of the examination session
  • You have access to electricity and internet connection.
  • It should be well lit so that the online proctor can see you at all times.
  • You are advised that you have a comfortable chair to sit and a desk to keep your personal device and write.

29. What can I keep with myself during the examination?
The following are permitted to be kept with you during the examination session:
  • One Personal device i.e. laptop/desktop with webcam along with other accessories like keyboard, mouse, laptop charger etc. as per the requirement as mentioned under point 3 above
  • Actuarial tables
  • Scientific calculator
  • Loose sheets of blank paper for rough work. You are required to show these before using by the proctor.
  • Pen/Pencil to write on loose sheets
  • Any government-issued ID to be used for verification
  • Bottle/glass of water
  • Back-up hardware
 Any form of personal consumables, mobile phone, smart watch, handsfree device, headset/ earphones etc. or any other electronic gadget are not allowed to be kept near you during the examination.

30. Do I need to arrange any invigilator for my home-based online examination?
No

31. What if Government approved ID card and hall ticket are not available with me at the time of Examination?
You will not be allowed to appear for examination, in case you fail to do so you may lose the attempt.

32. Can I request for a change to my examination start time?
No, the examinations will be strictly held as per the Exam Time Table.

33. Can I appear form online examination outside India?
All exams are scheduled in Indian Standard Time (IST)
Click hereto view Announcement of Actuarial Examination

34. Will there be an invigilator to monitor the examination?
Yes, there will be an online proctor monitoring each of your activity throughout the examination. The proctor will be adequately empowered to act on any misdemeanours or advice candidates on appropriate behaviour from time to time.

35. When will I receive the Examination login credentials and Exam Instructions?
You will receive the login credentials and exam instructions 2 days before the Examination Date.

36. Can I move from system during Examination?
No, you are not allowed to move away from the system during examination. In case you need a comfort break, you are allowed with due permission taken from and only for specific time as advised by the proctor.

37. Is there a Policy for Differently Abled Candidates related to the Examination?
Yes, we have a policy on this matter. Kindly refer the below link:
http://www.actuariesindia.org/downloads/PolicyforPHCandidates1.pdf

38. Will I be able to login and take the examination after the start time?
Candidates who log in late after the start time of the examination will not be allowed to access the platform and write the examination.

39. Who do I contact for general enquiries (if any) not covered by above FAQs in this regard prior to Registration /Examination?
Please contact exam@actuariesindia.org

40. Who do I contact for technical issue (if any) during the Examination?
Please contact to the helpline numbers available on the Examination platform. In case you are not able to reach them, kindly email on exam@actuariesindia.org for immediate assistance.

41. I am unable to install Mettl Secure Browser in my system. How to trouble shoot issue while launching MSB during exam?
You are advised to go through below links:
https://support.mettl.com/portal/en/kb/articles/faq
https://support.mettl.com/portal/en/kb/articles/attempting-a-proctored-test-in-msb
https://support.mettl.com/portal/en/kb/articles/mettl-secure-browser-msb


42. How do I check my web camera and microphone compatibility before appearing actual examination?
Please follow the below steps:
  • Close all the applications which might be using Camera and Microphone.
  • Open the OS "C: drive"of the Windows.
  • Open Program Files(X86) folder or Program Files.
  • Open the Mettl Folder
  • Open MSB Folder in the Mettl Folder.
  • In the MSB Folder, Open the SebWindowsBrowser folder.
  • Open the xulrunner folder in the SebWindowsBrowser folder.
  • Open Firefox from the xulrunner folder.
  • Once the Firefox is Open, in the address bar type https://webcammictest.com
  • You will be asked to give permission for Camera and Microphone.

43. How to re-login after facing the technical issue?
Click on power button located on bottom right side of the screen. Re-login using the same examination link after 5-7 minutes.

44. What if my login window keeps loading and not proceeding further?
Please try the following.
  • Check Internet Connectivity or Exit Browser(click on power button on bottom right of exam screen)
  • Re-install the MSB it and try to launch examination again.
  • Hard Shutdown (shut down your system by pressing power button for 5-10 seconds)

45. What if my web camera/microphone is not detected in between an ongoing examination?
There are no permission issues for Camera and Microphone within MSB. If you are facing issues, it may be because of
  • Camera or Microphone are not in working condition.
  • Appropriate resolution from the Camera is not available.
  • Any other hardware issues.
  • Any Third-party app is using Camera or Microphone.
To check the Camera and Microphone working condition follow below mentioned steps.
  • Close all the applications which might be using Camera and Microphone.
  • Open the OS "C: drive" of the Windows.
  • Open Program Files(X86) folder or Program Files.
  • Open the Mettl Folder
  • Open MSB Folder in the Mettl Folder.
  • In the MSB Folder, Open the SebWindowsBrowser folder.
  • Open the xulrunner folder in the SebWindowsBrowser folder.
  • Open Firefox from the xulrunner folder.
  • Once the Firefox is Open, in the address bar type https://webcammictest.com
  • You will be asked to give permission for Camera and Microphone.
  • If the Camera and Microphone are in working condition, then there will be a screen as below with your image.



46. How to access "R Studio" for CS Paper B Subjects during examination?
Candidate needs to install the below mentioned software’s in their system in the Local Drive C:\Program Files\
  • R version 3.6.1 or higher
  • R Studio – Version 1.1 or higher for 32-bit operating system Version 1.2 or higher for 64-bit operating system
Once you have started MSB you will get a notification pop up to search for R studio application. The default path is C:\Program Files\RStudio\bin unless you have saved the file somewhere else in which case you would need to search that directory accordingly
Click here to view Demo Video
Once you have located the file please click on Rstudio.exe file (within bin folder by default). You will be able to see three applications that you are allowed to use in the exam. If R Studio is not seen here please follow the process above again as otherwise the examination wont start till this is fixed.

47. How can I copy/paste codes and output from R Studio to MS Word?
Type the codes and Output in “R Studio” and simply copy the content using Ctrl + C and to paste using Ctrl + V in MS Word document. In case Ctrl + V is not responding, try pasting by clicking the Paste → Paste Special → Values option under Home tab within the Command Bar in MS Word application.

48. How to access "Excel" or "Word" application during examination?
Candidate needs to have licensed version of MS Office 2010 and above installed in their system in the Local Drive C:\Program Files\
Mettl Secure Browser will automatically detect the above application and the same can be accessed from the task bar below within the examination window.
Note:
  • Candidates are advised to update the following settings in the MS Word and MS Excel before starting the examination: Open Any Word/Excel document available in your system then go to Files → Options → Trust Center → Trust Center Settings → Protected View → (Uncheck all the 3 options) → Click on OK.
  • Candidate are required to close all the MS Office applications at the background before starting the examination.

49. How to toggle between the Examination Window and MS Word/Excel during the examination?
You can simply use ALT+TAB to toggle between the Examination Window and MS Word/ MS Excel/ RStudio during the examination. This will work only after you have opened at least one more application other than main examination platform in MSB.
Note: This is only applicable for CS1, CS2, CM1, CM2 and CP2 Subjects

50. I am unable to locate the downloaded solution template/data files provided in the question paper? (Applicable for CS, CM, CP2 subjects)
You can access the downloaded solution template/data files using the following steps:
  1. Click on the excel icon available on the bottom left corner of your screen.
  2. Go to File -> Open -> Browse Download Folder of your system.
  3. Select the downloaded solution template/data file to open.

51. I am unable to use escape key and right click with the mouse/touch pad during examination.
To preserve the integrity and security of the examination process and content, the above features will not be available. These restrictions would however not expect to hamper your access to any permissible action during the examination, particularly which require use of MS Excel software.

52. How to insert Equations/Symbols in solution typing area?
You can insert equation in solution typing area using the equation editor available in the exam platform for all subjects except for CS Series, CM Series and CP2 Subject.
Kindly refer following link;https://support.mettl.com/portal/en/kb/articles/how-to-attempt-math-and-chemistry-type-questions-in-the-test

53. I am unable to use the popular shortcut function keys like F2, F4, F9 and F11 during the examination.
To preserve the integrity and security of the examination process and content, the examination platform restricts the use of any function keys, particularly during the examination which require use of MS Excel software.

These function keys are meant to act as shortcuts to the standard functions in Excel which can still be accessed in the usual manner. We have tabulated below the alternate means to operate the some of the popular function keys in Excel during the examinations:
Function Key
(func + <>)
What it does?Direct approach
F1Opens Excel HelpClick the Help tab to access help available in the top right of the screen
F2Moves the insertion point to the end of the contents of the active cellClick the cell itself using mouse/touch pad
F3Displays the Paste Name dialog boxType in the Named range in the cell itself
F4Cell referencesType in “$”at appropriate stage
F5Displays the Go To dialog boxFind Go To option by clicking Find & Select under Home tab
F7Displays the Spelling dialog boxClick Spelling on the Review tab
F9Calculates the workbookGo to the Formulas tab, in the Calculation group, click Calculations Options
F11Creates a chart sheet of a selected rangeGo to the Insert tab, click the Chart that you want to draw
F12Brings up the Save As dialog box.Click Save Us Under File tab


54. Will there be questions in CB, CP1, CP3, SP and SA subjects that will require graphs and diagrams in the solution?
Our examiners have aligned the question paper pattern where you will not have a mandatory requirement to use graphs/diagrams to support your answers.

55. Do I expect to experience some lag in toggling between/using different applications during CS, CM and CP2 examinations?
There can be many reasons why you could, at times, be experiencing lag while toggling between different applications. Mostly it can be due to number of applications open (including any program/software running at the background) at the same time, your hardware RAM and quality of internet connectivity.

The following guidance (though not exhaustive) can help:
  • It is advisable that you ensure all applications (including those run in the background like anti-virus software) are closed/shut before you commence your examination.
  • It will help if you are using a laptop/desktop with higher RAM capacity than minimum advised.
  • It will help if you delete all temp files from your system before you open the examination platform.
  • You can choose a place to write the examination close to your internet router so that you can get stable Wi-Fi connectivity.


Frequently asked Questions - In General

1. I have passed ACET. What do I do next?
If you have passed the ACET, this means you are eligible for student membership of the IAI. With effect from 21st June 2014, Friday, Application for Student Membership of Institute of Actuaries of India (IAI) for ACET passed students has become online. Click on the below link to fill the Online Admission Form.
http://www.actuariesindia.org/Admission_login.aspx

2. How long after submitting the student membership form will I get the membership of the Institute?
Applications for student membership will take up to 3 weeks’ to process from the date of receiving them.

3. What are the specifications for a photograph??

Do sDont s
Upload your recent passport size photograph (4.5 cm length x 3.5 cm width) in colourDo not upload black and white photographs
Background of the photograph should be plain white and the dress should be in dark colourPhotograph with dark background or in uniform, or with eyes hidden under coloured or dark glasses will not be accepted
Photograph should fit within the given boxPhotograph is NOT to be signed
Frontal view of the full face should be visible in the photographDistracting shadows on the face or in the background should not be there
Print of the photograph should be clear and with a continuous-tone qualityEyes must not be covered by hair.
Expression of the face should be natural (no grinning, frowning or raised eyebrows)Glares or eyeglasses should be avoided with a slight upward or downward tilt of the head
Eyes must be open and both edges of face must be clearly visiblePhotograph should not be damaged, for example: torn, creased, or marked
Minimum photo resolution should be of 150px * 150px. Maximum photo size not more than 1MB to be saved only in (.png, .jpg, .bmp, .jpeg, .gif, .raw) formatHead coverings are not permitted except for religious reasons, but the facial features from bottom of chin to top of forehead and both edges of the face must be clearly visible
Head should be in the centre of the frame and both ears should be visiblePhotographs cut from group photographs are not acceptable

4. What is the validity of the Student Membership of the Institute?
You have to renew your annual membership every year on or before 1st April to be able to appear for the Actuarial Exams. For queries related to annual membership, you may get in touch with Mr. Sandeep Mahajan at sandeep@actuariesindia.org

5. What do I do after I get my membership Id?
On getting your membership Id, you will activate your account and decide on the exams you wish to sit for and apply for the examinations in the upcoming exam session (March or September) as well as order the study material from IAI. Details of how to order study material, how to apply for an exam and exam time-table for the next examination are available from the Institute’s website under the following links
Study material -
Price List: - http://www.actuariesindia.org/subMenu.aspx?id=471&val=Price_List
Soft Copy: http://www.actuariesindia.org/downloads/Announcement%20on%20Release%20of%20Soft%20copy%20of%20material.pdf
General Information: http://www.actuariesindia.org/downloads/Curriculum_2019.pdf

6. I am not sure which paper I should study for. Is there a recommended order to taking exams?
One is suggested to follow the Course flow, beginning with the Core principle stage. There is no prescribed order in which Core principle subjects must be taken. However, when attempting the Core principle subjects it is worth remembering that some subjects build upon others. There are therefore some logical routes through the subjects. The particular route chosen may depend on the area in which you are working or on your past educational background.

The order in which the Core principle subjects build on each other follows the numerical sequence of the subjects. So, if you are in doubt, you may choose the numerical order as a default option. In general, it may be worth noting that :

CB1 – Business Finance assumes knowledge of CM1
CS2 – Actuarial Statistics assumes knowledge of CS1
CM2 – Financial Engineering and Loss reserving assumes knowledge of CS1, CS2, CM1 and CB2.

You may wish to leverage your college education to select the appropriate subject to begin with. For those with a background of the following disciplines, typical choices for your first exam might be :

Mathematics/Engineering: CM1
Statistics: CS1 and CS2
Economic: CB2
Accounts / Commerce: CB1

Whilst planning a route through your exams, you should note that there is no compulsory order of studying Core principle subjects.

The numbering of the Core principle subjects represents an ordering that would be appropriate for anyone working in life insurance or pensions. Anyone working in general insurance may prefer to take CS2 at any stage after studying CM1 or if you are working in investment may prefer to take CB2 and CM2 before CS2 and CM1.

7. What is considered as prior knowledge during CP2/CP3 examination?
In CP2/CP3, it is assumed that the students have prior knowledge of the CS, CM and CB subjects. The examination will be conducted under closed book online-proctored mode during which students can only access the actuarial tables as usual.

Any additional information that is not part of assumed knowledge of prior subjects will be provided within the question paper itself, if relevant and applicable.

8. Can I appear for CP1 in the beginning?
There is no minimum eligibility for CP1. However, one is advised to clear all Core principle subjects first.

9. What is the eligibility for applying for CP2 & CP3 subjects?
There will be no pre-requisite of passing other papers in order to register for CP2 & CP3.

10. How much time does it take to prepare for a particular exam?
The actual amount of time each student needs to spend on a particular subject will vary from student to student. Quality of study time is far more important than quantity of study time. Nevertheless, the following broad guidelines may be suggested for number of hours of intensive study:
Core principle subjects (CS1 & 2, CM1 & 2, CB1 & 2) Between 125 and 150 hours depending on the subject and an individual student’s past educational background in the subject.
• Business awareness (CB3) At least 20 hours plus two-day practical course
• Actuarial Practice (CP1) 400 hours
• Model Practice (CP2) 50 hours
• Communication Practice (CP3) 50 hours
• Specialist principle subjects (SP) 200 hours
• Specialist applications subjects (SA) 300 hours

11. In how many subjects can I appear in one examination?
You can appear for a maximum of three subjects in a single examination. Whilst there is no prescribed number of subjects, a reasonable work-load for an examination might be one of the following:
• Two-three Core principle subjects
• Actuarial Practice (CP1) paper
• Two Specialist principle subjects
• One Specialist principle subject and the chosen Specialist applications
• some other comparable combination

12. Where can I find more information on the syllabus?
Syllabus may be obtained from Institute’s website http://www.actuariesindia.org/subMenu.aspx?id=476&val=Syllabus

13. What is the pattern of the examinations - is it objective or subjective? Past examination papers and solutions are available from the Institute’s website http://www.actuariesindia.org/subMenu.aspx?id=52&val=Diet_Wise

14. What are the dates of actuarial exams?
Actuarial exams are conducted twice a year – typically March and September are the months when actuarial exams are conducted by the IAI. Examination dates for the upcoming exams are posted on the Institute website Click Here for further details.

15. Where can I appear for an exam?
Currently, the Institute is conducting the Actuarial Examination in a Home based online pattern. Kindly refer the Student Guide for Actuarial Home Based Online Examination.
Code Centre Code Centre Code Centre
1 Mumbai 11 Lucknow 21 Coimbatore
2 Delhi 12 Chandigarh 22 Surat
3 Kolkata 13 Indore 23 Guwahati
4 Bangalore 14 Nagpur 24 Raipur
5 Gurgaon 15 Ranchi
6 Chennai 16 Kochi
7 Pune 17 Bhubhaneshwar
8 Hyderabad 18 Dehradun
9 Jaipur 19 Patna
10 Ahmedabad 20 Vizag


16. Is there negative marking?
No, there is no negative marking.

17. What is the minimum pass percentage?
As a policy of the Institute,pass mark for the subject is communicated along with final result to the candidates.

18. Can I use a scientific calculator during the test? If yes, please give a list of approved calculators for use in the exams.
Yes, you can use scientific calculators in the exam. However, you can use only one of the models from the list below.
1. Casio FX82 (ES/MS) (with or without any suffix)
2. Casio FX83 (ES/MS) (with or without any suffix)
3. Casio FX85 (ES/MS) (with or without any suffix)
4. Sharp EL531 (with or without any prefix or suffix)
5. Texas Instruments BA II Plus (with or without any suffix)
6. Texas Instruments TI-30 (with or without any suffix)
7. Hewlett Packard HP12c (with or without any suffix)
Please note that you will not be allowed to carry any other model of the calculator in the exam centre. From this list, Casio FX82 (ES/MS), Texas Instruments BA II Plus and Texas Instruments TI-30 are available in India. They can be ordered from sites like flipkart.com or ebay.co.in easily by the students.

19. How do I study for the exams – are there coaching institutes that you can recommend?
The Institute of Actuaries of India does not recognize any coaching institutes, nor do we recommend that you undertake your actuarial studies via private tuitions. We strongly advise you to undertake self-study using the study material provided by the Institute. It should also be noted that most examinations require you to have both, knowledge of the prescribed study material as well as a good understanding of practical business issues.

20. How long does it take to become an Actuary? Does one need to complete the exams within a certain time frame?
There is no fixed duration to complete the course and you can take the examinations at a pace that suits your circumstances. Since all the 13 subjects prescribed are to be cleared before one is awarded the Fellowship, continued and sustained effort is necessary to complete the course. Additionally you need a minimum of three years’ relevant work experience for qualification as a Fellow. Keeping the above factors in mind, the typical time-frame for qualification in recent years has been 5-8 years.

21. Do I need to work before I qualify? How do I work as an actuary if I have not yet qualified? In order to qualify, there is a minimum work experience requirement of three years in an Actuarial field. Almost all reputable actuarial employers have attractive study programs to support your development and growth. These include time off from work to study and sit examinations, mentoring by senior colleagues as well as financial support.
Being an actuary is a professional qualification and you are expected to gain sufficient and relevant work experience alongside your studies. Typically, if you have passed two to four core technical papers, then you should begin actively researching your preferred career options and find an appropriate job.

22. Where/how can I get a job?
A list of potential employers is available from the Institute’s website http://www.actuariesindia.org/subMenu.aspx?id=44&val=Actuarial_Employers_in_India
Career opportunities are regularly advertised in the Actuary India magazine as well posted on the Institute’s website from time to time.
Many reputable employers including consultancies and insurance companies recruit entry level actuarial students – typically entry level positions may be open to University graduates with no or very few actuarial exam passes.

23. Apart from being a member of IAI do I need to have membership of other international societies also like Institute and Faculty of Actuaries, UK?
There is no requirement to obtain membership of international actuarial associations whilst being a member of the IAI. IAI has mutual recognition arrangements with the Institute and Faculty of Actuaries, UK, and Institute of Actuaries of Australia, which means as a Fellow actuary of IAI, you will be recognized as a qualified actuary in the UK and Australia, as well, subject to meeting certain requirements. IAI is also working to obtain similar recognition arrangements with other actuarial societies around the world.

24. Can I take a drop/not appear for exams in a particular exam diet?
Yes, you may, but you should keep your IAI membership updated, i.e. active.

25. What certifications do I get on clearing the various levels?
Detailed information regarding the same is available at the Institute’s website http://www.actuariesindia.org/subMenu.aspx?id=25&val=Types_of_Membership
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