All You Need to Know About ACET 2023
ACET (Actuarial Common Entrance Test) is the entry-level exam for students who want to join the Institute of Actuaries of India (IAI) and start their actuarial journey. Once you clear ACET, you can register as a student member of IAI and start taking the core actuarial exams.
Who Can Apply?
✅ Anyone who has passed 12th (or equivalent) with Mathematics as a subject
✅ College students & graduates from any stream (Commerce, Science, Engineering, etc.)
✅ Working professionals looking to switch to the actuarial field
Exam Pattern & Syllabus
Mode: Online (home-based proctored exam)
Duration: 3 hours
Total Marks: 100
Number of Questions: 55
Negative Marking: No negative marking 🚀
Marks Distribution:
📌 45 Questions × 1 Mark = 45 Marks
📌 05 Questions × 2 Marks = 10 Marks
📌 05 Questions × 3 Marks = 15 Marks
📌 Total = 100 Marks
Syllabus Breakdown
1️⃣ Mathematics (30%) – Algebra, Differentiation, Integration, Matrices, Logarithms
2️⃣ Statistics (30%) – Mean, Median, Mode, Probability, Regression, Distributions
3️⃣ Data Interpretation (15%) – Graphs, Charts, and Tables-based questions
4️⃣ English (15%) – Reading Comprehension, Grammar, Sentence Correction
5️⃣ Logical Reasoning (10%) – Puzzles, Patterns, Number & Letter Series
Passi
The passing marks keep varying, but it’s usually around 50% (50 out of 100)
Since there’s no negative marking, attempt all questions!
Exam Frequency & Registration
📅 ACET is conducted 3 times a year – usually in March, June, and December
💰 Exam Fee: ₹3,000 (includes study material from IAI)
📝 Registration: Through the official IAI website (www.actuariesindia.org)
Preparation Tips
Focus on Statistics & Probability – This is the trickiest section for most students
✅ Solve past papers & mock tests – ACET repeats similar patterns every year
✅ Improve speed – 3 hours might seem long, but time management is key
✅ Use the right study material – Books like B.S. Grewal (Maths) & John Freund (Stats) help a lot
✅ Consider coaching for structured prep – If you want guidance, Dr. Sourav Sir’s Classes is one of the best coaching options for ACET prep 🚀
What Happens After ACET?
Once you clear ACET, you can register as a student member with the IAI and start taking the Core Principles exams (CS1, CM1, CB1, etc.), which are the first step toward becoming a qualified actuary
Final Thoughts
ACET isn’t too tough, but it’s not a cakewalk either—especially if you’re not comfortable with math & stats. With the right preparation strategy, clearing ACET is totally doable
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