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ACTUARIAL

SCIENCE

WHERE DO WE COME IN

Simply put, the ACTUARIAL SCIENCE entrance exam is a tough exam to crack and with our rigorous training and grooming, it becomes less so. Here at Sourav Sir's Classes, we fuel the passion of those who dare dream. With our well-documented lecture notes as well as our study material, ACTUARIAL SCIENCE, become less formidable, and we have an entire nation of students who can vouch for that! 

 

Our tuitions for the ACTUARIAL SCIENCE ensures, under the guidance of our prestigious and able faculty, ensures that the aspirant develops the necessary practices and habits for cracking the entrance exams. We believe that studying here, under the guidance of our faculty, is not just an educational journey that we undertake every year, but we strive to make it an experience for the student as well.

Come taste success with the best ACTUARIAL SCIENCE tuitions of the nation! 

OUR CLASS STRUCTURES
We have a flexible class structure as per the student's convenience.The class test will be conducted regularly as well as entrance exam pattern.We provided relevant study material to our students.Our biggest strength is that we assist you in formulating a personalized strategy based on your strength and weaknesses which is often ignored by the most student.We conduct our classes in following ways.This includes:

REGULAR ONLINE CLASSES

  • Regular live classes are conducted by our faculty over Skype as they go over numerous concepts and problem-solving tricks 

  • Special doubt-clearing classes are conducted regularly as the student progresses through the course

  • Mock tests are conducted on a weekly basis to track the progress of the student

  • A thorough analysis of the tests are conducted so that the student gets to work on weak points 

PRE RECORDED VIDEOS

  • Pre recorded video lectures by our esteemed faculty are available for those who cannot attend regular classes

  • Lectures are custom tailored according to the course requirement, adhering strictly to the latest syllabus

  • Special doubt clearing classes are conducted regularly as the student progresses through the course

  • Mock tests are conducted on a weekly basis to track progress of the student 

  • A thorough analysis of the tests are conducted so that the student gets to work on weak points 

OFFLINE CLASSES

  • Offline live classes are held every day at our prestigious study centers, conducted by our esteemed faculty. 

  • Regular doubt clearing sessions are conducted

  • Video backups are provided for students who have missed the classes

  • Weekly mock tests are conducted to track progress of the students

  • A complete analysis of the tests are conducted so that the student gets to work on the weak points

​MOCK TESTS SERIES STRUCTURE

  • Complete Mock Tests ..

 

  • You can give the exams  from your home using a phone or laptop or pc or a tablet.

 

  • After every exam complete solutions with marks will be provided to you.

 

  • Any doubts with any part you are free to ask us via what's app/email / call.

 

  • All the Mock Tests are Exam oriented .

 

  • You can also ask for any special topic or subject or section based specialised tests also --we will provide you that.

STUDY MATERIAL STRUCTURE

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  • Materials will cover all the topics

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  • Special short cut tricks

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  • Complete model papers with solutions

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  • Special selective questions with complete solutions .

FAQ

WHAT IS ACTUARIAL SCIENCE?

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Actuarial Science is the discipline that applies mathematical and statistical methods to assess risks in insurance and finance industries by studying how frequently accidents, fires, deaths, etc., will happen.

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HOW TO BECOME AN ACTUARY ?

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In India, a Fellow member of The Institute of Actuaries of India is referred to as an Actuary. The Fellow membership is achieved by passing 13 actuarial examinations at various stages and fulfilling other conditions as required from time-to-time. The examinations can be taken after being enrolled as a student member.

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WHAT ARE THE CAREER PROSPECTS?

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Actuaries work in a wide range of areas like life insurance, general insurance, pensions and employee benefits, health insurance, reinsurance companies, investment, consultancies and risk management.

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WHAT ARE THE ELIGIBILITY CRITERIA TO APPEAR FOR PAPERS ?

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For Indian Institute, you need to pass ACET (Actuarial Common Entrance Test) to become eligible for student membership. However, for Institute of Actuaries, UK, there are no minimum educational qualification requirements, anyone can become a student member of IFoA, UK.

 

IS IT NECESSARY FOR ONE TO BE AN EMPLOYEE OF AN INSURANCE CO. /CONSULTANT TO TAKE UP ACTUARIAL EXAMS?

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It is not necessary to be an employee of an actuarial employer to take the exams. In fact, anyone can take the exams. However for taking the exams of SP and SA series, work experience is an advantage. In any case, for attainment of Fellowship, a minimum work experience of 3 years is required. Most of the actuarial employers recruit graduates with good technical and communication skills, first division graduation and after passing 4-5 Actuarial Exams.

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DO PEOPLE WITH A MATHEMATICAL BACKGROUND HAVE AN ADVANTAGE ?

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A good grasp of basic mathematical/statistical concepts could prove beneficial. However, in the long run your hard work and dedication would count the most.

 

WHEN ARE THE EXAMS CONDUCTED ?

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The exams are conducted twice a year. The IFoA & IAI exams are conducted in March/April and Sep/Oct.

Acet Exam Preparation Plan

Basic structure 


Overall as the exam is divided into 5 parts and each part has its fare share in the exam and the cut off in the exam is about 55 to 65 so an overall comprehensive approach is required.

With respect to Preparational requirement the sequence of studying can be subdivided in the following way

Mathematics >>Logical Reasoning >>Statistics >>Data Interpretation >> English .

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Sections from where most questions come subject wise can be given in the following way::

 

Mathematics 
Differentiation,  Integration, algebra , graph based problems 


Statistics 
Dispersion,  correlation regression , probability,  distribution 

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Logical Reasoning 
Date problems , blood relation, number series, analogy

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Data Interpretation 
Line chart, bar chart, pie chart application

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English
Grammer, finding mistakes, meanings , opposites

 

PREPARATION SPECIFICATIONS

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For preparations start with Logical Reasoning. 

Work on the common and most repeated areas in the beginning and later move to advanced sections like date problems , faulty clocks,  family tree


Then start working in Mathematics 

First with on the basic algebra and then differential calculus and later to advanced application

Numerical analysis plays a crucial role in the entire examination so you need ro be extra careful for that. 

Then work on Statistics and data Interpretation simultaneously as they are related and most of the topics in these two sections are common. Data Interpretation is nothing but a numerical application of statistics. 


Later at the end start working with English.  In English grammer plays the most important role in the exam.  As most of the things in English you have already done before so it will be easier to get a grip. Along with grammar you need to concentrate on the parts like error finding and techniques on analogy also.

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SPECIAL TIPS

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1. Every week you need to give at least 2 tests section wise . You can choose any 2 of the sections  
Later it will proceed in cumulative way 

2. Special concentration in working with scientific calculators like casio fx 82ms or techs instruments 

3. Working on a comprehensive approach for the entire exam throughout 

4. Practice working on big analytical questions also .

IS ACTUARIAL SCIENCE IS THE NEW FUTURE?

 A profession in of actuarial science field contains application of math, statistical knowledge, skill in risk assessment, and evaluation of financial products such as insurance and investments. The field of actuarial science is slowly gaining reputation and appreciation in India.

pricing, financial The role that an actuary can perform in each of these sectors can be quite varied, such as product modelling, valuations, risk management, carrying out peer reviews, designing social security schemes, advise on the premium to be charged etc.

In terms of availability of opportunities in the instantaneous upcoming, we can see more openings coming up in......

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  • Health Insurance

  • Reinsurance Companies

  • Pension Funds

  • Consultants

  • Investments

  • Government

  • Academics

  • Risk Management

  • General insurance

  • Life insurance

So if you want to do something different with your career and don't want to go with the flow, definitely actuarial science is the best option for you cause become an actuary is the new future.

How to do it? check out the following..........

 

OUR

STUDY MATERIAL

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