The Institute of Actuaries of India (IAI) has exempted the members of the Institute of Cost Accountants of India from appearing in the Actuarial Common Entrance Test (ACET). The members of the Institute of Cost Accountants of India can now directly apply for admission as Student Member of IAI.
The Actuarial Common Entrance Test (ACET) is an entrance exam for those who want to join as student members of the Institute of Actuaries of India (IAI) and plan to take & qualify in the various actuarial examinations conducted by the IAI.
ACET is a computer-based exam that will be conducted twice every year – in the months of June and December. In order to be eligible to appear for ACET and become a student member of IAI, one needs to have appeared/ passed 10+2 exam or its equivalent and have had English as one of the subjects in 10+2. The syllabus majorly consists of Maths, Statistics, and some questions of English that are basic in nature.