ACET 2020 – Admit Card, Syllabus, Exam Pattern

ACET 2020 – Institute of Actuaries of India (IAI) conducts Actuarial Common Entrance Test (ACET) for the students who want to make a career in Actuary. ACET 2020 is to be going to be held on February 29, 2020. It is a computer-based test. The paper is of 3 hours duration and consists of multiple-choice questions. For qualifting ACET 2020, the candidates need to get minimum 50% marks. Get detailed information about ACET 2020 such as eligibility criteria, application form, exam pattern etc.

Latest: ACET 2020 hall ticket is available for download. Click here to download it.

ACET 2020

After qualifying ACET, the candidates have to register themselves for the membership which is compulsory for the students qualifying the exam. Check more information on ACET 2020 given in the table given below.

ACET 2020 Admit Card

Admit card for Actuarial Common Entrance Test has been released in the online mode at the official website of IAI. The registered candidates can download ACET 2020 admit card by entering the login details like registration id and password. Along with the admit card candidates are required to carry an original identity proof and scientific calculator. ACET hall ticket consists of the details like name and adress of the candidates, exam date, exam time, address of the test centre etc.

ACET 2020 Syllabus

Candidates can check out the ACET 2020 Syllabus below:

ACET 2020 Exam Pattern

Candidates can check out the ACET 2020 exam pattern given below.

• Duration of the Exam: The duration of the exam is 3 hours
• Mode of the Exam: The exam is a computer based test
• Language of the Question Paper: English
• Type of Questions: There are Multiple Choice Questions in the ACET 2020 exam
• Total Number of Questions: 70 MCQs
• Total Number of Marks: 100 Marks
• Marking Scheme- There will not be any negative marking for incorrect answers

Candidates can check the section wise distribution for marks in ACET 2020 below.

ACET 2020 Best Books to Prepare

For preparation of ACET 2020, candidates can refer the books given below:

How to prepare for ACET 2020?

Candidates can check the preparation tips for ACET 2020 below.

• The syllabus of ACET 2020 includes sections like verbal, logical reasoning and data interpretation along with maths and statistics. So along with maths and statistics, candidates must pay equal attention to these sections also.
• Candidates must solve the mock paper which IAI provides as it can help them in learning the type of questions and time management skills.
• Candidates can go through the study material thoroughly and practice sums at a regular interval of time.
• Candidates must solve previous year question paper as it will help them to learn the level and pattern of the test.

ACET 2020 Application Form

IAI has released the ACET 2020 Application Form online. Candidates can apply for the form after checking the eligibility criteria mentioned above. The mode of applying for ACET 2020 is Online mode only.

How to Apply for ACET 2020?

Candidates can apply for ACET 2020 by following the steps given below.

• Click on the link given above on this page to apply for ACET 2020.
• A new page will appear, here candidates can click on the direct link to register for ACET 2020
• A new page with the registration box appears. Here candidates can enter all the asked details and complete the registration process.
• Then candidates are required to check their registered email id and by using the link available there they can fill the application form and upload their photograph.
• At last candidates can submit the required amount of application fee along with the application form.

Application Fee for ACET 2020

The application fee for ACET 2020 is Rs. 3000. Candidates must pay the application fee through Credit Card/Debit Card or by net banking.

ACET 2020 Eligibility Criteria

Before applying for ACET 2020, candidates must check out the ACET 2020 Eligibility Criteria below:

• Age Limit: There is no Age limit to apply for ACET 2020.
• Qualifications: Candidates must have passed the 10+2 or its equivalent examination.

ACET 2020 Result

The Institute releases the ACET 2020 Result online. The list of the qualified candidates releases in PDF Format. Candidates can check their Result by clicking on the link for result on the official website. The institute does not release any Merit list or a Rank List. There is no cut off list for ACET 2020. Candidates have to obtain an aggregate of 50 % to pass the entrance exam.

Career options after clearing ACET 2020

Candidates can check the carrer options after clearing ACET 2020 below.

Domestic Work

• Insurance companies: Life (24), Non-life including Health (24).
• Reinsurance companies: SwissRe, MunichRe, RGA, HannoverRe, GenRe.
• Consulting: MNCs such as Tower Watson, Mercer, Milliman and some Indian Consulting firms.

Off Showered Work

• Approximately 30 Units across India provide employment to about 1000+ actuarial workforce.
• Work domain: Pensions, Life Insurance, P&C,
• Organizations: Deloitte, WNS, Genpact, AonHewitt, Towers Watson, Swiss Re, E&Y and many others.

Institute of Actuaries of India

Institute of Actuaries of India (IAI) is a statutory body which was established in 2006 under the Actuaries Act 2006. The aim of IAI are:

• To encourage, uphold and develop the standards of professional education, training, knowledge, practice and conduct among the Actuaries; 
• To promote the status of the Actuarial profession;
• Regulation of  the practice by the Members of the profession of Actuary; 
• Promotion of the  knowledge and research in all the matters relevant to Actuarial Science and its application.

What does an Actuary means?

You can refer to the following pdf files to know about the roles, meaning and job profile of an Actuary:

• Introduction to the Actuarial Profession
• Role of An Actuary
• A Day in Life of an Actuary
• Value_Proposition_EN_Actuaries

ACET