June 21, 2016

June 21, 2016

June 21, 2016

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ACTUARIAL SEMINAR

June 21, 2016

ACTUARIAL SEMINAR

.. SOURAV SIR’S CLASSES ..

 

 

 

1    EXEMPTION

 

 

 

Eligibility Criteria

❖ Institute and Faculty of Actuaries
❖ Casualty Actuarial Society
❖ Indian Statistical Institute, Kolkata
❖ University Courses and IFoA Exemptions
❖ Other Professional Qualifications

Institute and Faculty of Actuaries

We grant exemption to students who have passed Core Technical Subjects (CT), Core Applications Subjects (CA) and Specialist Technical (ST) Subjects from Institute and Faculty of Actuaries. Students will be awarded exemption from the corresponding IAI Exam.

Casualty Actuarial Society

We grant exemption to students who have passed Casualty Actuarial Society (CAS) exams from our exams as below:

CAS Exam

Corresponding IAI Exam

Exam 2

CT1

VEE Corporate Finance

CT2

Exam 1 and VEE - Applied Statistical Methods

CT3

Exam 3, 4

CT4

VEE - Economics

CT7

Exam 3F - Financial Economics

CT8

Exam 5 & 6

ST7 and ST8


Indian Statistical Institute, Kolkata

We grant exemptions to students for Core Technical Subjects (CT3-CT8) depending on the modules taken and the grades obtained while completion of these actuarial degree programmes (Year 2005 onwards).

ISI Exam

Corresponding IAI Exam

Probability Theory I and II (Probability 101A-B)*,
Statistical Methods I, II and III (Stat 101A-C)*,
Statistical Inference I & II (Stat 105A-B)* or M. Stat Selection Test

CT3

Actuarial Models **

CT4

Life Contingencies **

CT5

Actuarial Methods **

CT6

Economics I and II (Econ 101 A-B)* OR Macroeconomic Theory ***

CT7

Theory of Finance I ***

CT8

*        B.Stat (Hons.)
**      M.Stat
***    M.Stat and M.S. (Q.E)
Note: - The exemption application will be approved depending upon the recommendations received from ISI and external examiner.


University Courses and IFoA Exemptions

We grant exemptions to Core Technical subjects (CT), Core Application subjects (CA) and specialist technical subjects (ST) against respective qualification from UK based universities to which Institute and Faculty of Actuaries grants exemption. These UK based universities are listed as below:

University

University of Bristol

University of Warwick

University of Cambridge

University of Birmingham

Heriot-Watt University

Cass Business School

Imperial College London

University of East Anglia

Lancaster University

Imperial College Business School

University of Leicester

University of Kent

London School of Economics

University of Leeds

University of Manchester

Newcastle University

University of Nottingham

University of Oxford

Queens University Belfast

Queen Mary, University of London

Said Business School, Oxford

University of Southampton

University of Stirling

Swansea University


Other Professional Qualifications

If you are Qualified Chartered Accountant and are Associate member of Institute of Chartered Accountants of India then you will be granted exemption for ST0 – Alternative Specialist Technical Subject.

Exemption Fees

Subjects

Exemption Fees

CT1 - CT9

INR 2000 each

CA1

INT 6000

CA2 & CA3

INR 7500 each

ST0 - ST9

INR 3200


Documents

#

Institution

Documents Required

1

Institute and Faculty of Actuaries

Individual pass result of respective subjects from IFoA duly attested

2

Casualty Actuarial Society

Individual pass result of respective CAS Exam duly attested

3

Indian Statistical Institute, Kolkata

Mark sheets of all semesters of respective ISI course duly attested

4

University Courses and IFoA Exemptions

  1. Transcripts from respective University duly attested

  2. Exemption recommendation letter from the University duly attested

  3. Exemption letter from Institute and Faculty of Actuaries duly attested

5

Other Professional Qualifications

  1. Final Mark sheet of CA Final Exam duly attested

  2. Associate Membership Certificate of Institute of Chartered Accountants of India duly attested


Attestation

Attestation can be done by either a Fellow or an Associate of Institute of Actuaries of India or Institute and Faculty of Actuaries and is a member of the said Institute or IAA recognised Actuarial Association. The Associate or Fellow who certifies the document must include the following information:

  • Full Name

  • Signature

  • Actuarial Reference Number (ARN)

  • Job title and company

  • Contact Number

  • Email ID

Attestation can also be done by a Notary Officer. The Notary Officer who certifies the document must include the following information:

  • Full Name

  • Signature

  • Registration Number

  • Contact Number

  • Email ID

Note : Attestation should be done in Blue ink only. Attestation done from a relative is invalid.

Procedure to apply for Exemption

You are required to submit your application to Institute of Actuaries of India with a covering letter, documents (as per the criteria) and demand draft of Exemp