ACET 2024 Application Form, Eligibility Criteria, Syllabus, Examination Pattern, etc.

ACET stands for Actuarial Common Entrance Test conducted by the Institute of Actuaries of India (IAI). The Institute of Actuaries of India (IAI) is a statuary body responsible for managing actuaries in India. It was established by an Act of Parliament under the Actuaries Act 2006. In this article, we will discuss ACET 2024 Application Form, Eligibility Criteria, Syllabus, Examination Pattern, etc.

ACET Important Dates 2024

For April 2024

Registration Starting from1st week of January 2024
Closing date for Registration4th week of February 2024
Commencement of the exam1st week of April 2024
Result Declaration3rd week of April 2024
Last date to take admission3rd week of May 2024

For October 2024

Registration Starting from1st week of July 2024
Closing date for RegistrationLast week of August 2024
Commencement of the exam1st week of October 2024
Result Declaration4th week of October 2024
Last date to take admission3rd week of November 2024

ACET Eligibility Criteria

The following are the eligibility criteria for the ACET entrance examination-

  • The candidates having 10+2 or equivalent examination can participate in the ACET entrance examination
  • The candidates who are appearing for the 12th examination can also participate in the entrance examination

ACET Application Form 2024

You can follow these steps to apply for the ACET Application Form-

  • Visit the official website of the Institute of Actuaries of India and navigate to the Become an Actuary tab followed by clicking on the ACET button
  • Now, click on the online admission button followed by getting yourself registered using your email Id and password
  • After registration is complete, you’ll have to login into your account using your login credentials
  • After logging in, you’ll have to fill out the application form with details like name, address, educational qualifications, etc.
  • Now, upload the documents mentioned below followed by paying the application fee
  • You can pay the application fee using your credit card/debit card, net banking, UPI, etc.
  • Now, download the application form and payment receipt or take a printout of them

Documents Required for ACET Application Form

The following are the documents required for the ACET application form-

  • Passport Size Photograph
  • Class 12th mark sheet/passing certificate
  • Identification Ids- Aadhar Card, PAN Card, etc.

ACET Application Fee

The application fee for the ACET is Rs.3000/- which can be paid using online means like credit card/debit card, net banking, UPI, etc.

ACET Examination Pattern

A total of 3 hours will be provided to the candidates for taking the examination with 70 MCQ-based questions. There will be no negative marking or wrong answers and the following are the distribution of questions based on the marks-

  • 45 questions – 1 mark each
  • 20 questions – 2 marks each
  • 05 questions – 3 marks each

The examination pattern for the ACET entrance examination is as follows-

ACET Exam SectionsMarks Allotment
Mathematics30 marks
Statistics30 marks
Data Interpretation15 marks
English15 marks
Logical Reasoning10 marks
Total100 marks

ACET Syllabus

The following is the syllabus for the ACET entrance examination-

Mathematics

  • Notation and standard functions
  • Numerical Methods
  • Algebra
  • Differentiation
  • Integration
  • Vectors
  • Matrices

Statistics

  • Permutations and combinations.
  • Types of data-Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf, the boxplot.
  • Measures of location-mean, median, mode
  • Measures of spread range, interquartile range, standard deviation, variance, Skewness
  • Probabilities
  • Advanced probabilities
  • tree diagrams, conditional probabilities
  • Discrete random variables
  • definitions, probabilities, mean, mode, median, standard deviation, variance, coefficient of skewness
  • Continuous random variables
  • coefficient of skewness
  • Discrete distributions discrete uniform, Bernoulli, binomial, Poisson
  • Continuous distributions- continuous uniform, exponential, the normal distribution
  • Correlation- scatter plots, covariance, correlation coefficient
  • Regression

Data Interpretation

  • Tables
  • Column Graphs
  • Bar Graphs
  • Line Charts
  • Pie Chart
  • Venn Diagrams
  • Caselets

English

  • Vocabulary Based (Synonyms Antonyms)
  • English Usage or Grammar
  • Sentence Correction
  • Fill in the blanks
  • Cloze Passage
  • Analogies or Reverse Analogies
  • Jumbled Paragraph
  • Meaning-Usage Match
  • Summary Questions
  • Verbal Reasoning
  • Facts / Inferences / Judgements
  • Reading Comprehension
  • Vocabulary
  • Grammar
  • Verbal Reasoning

Logical Reasoning

  • Number and Letter Series
  • Calendars
  • Clocks
  • Cubes
  • Venn Diagrams
  • Binary Logic
  • Seating Arrangement
  • Logical Sequence
  • Logical Matching
  • Logical Connectives
  • Syllogism
  • Blood Relations

ACET Admit Card 2024

The admit card for ACET 2024 is not yet released, we will update the admit card status once the examination authority releases the admit card for the ACET entrance examination.

The admit card is an important document that you’ll have to carry with you to the examination center. If you fail to showcase your admit card then your examination will be canceled. You can download the admit card from the official website of the IAI.

ACET Result 2024

The result for ACET 2024 is not yet released, we will update the result once the examination authority releases the result for the ACET entrance examination.

ACET Admission Process

The qualifying mark for the ACET application form is 50% and the candidates who have scored below 50% will have to take the examination again. After clearing the examination, the candidates can pursue the IAI-run Actuarial course.

To become an Actuary, the candidates must pass 15 papers in four stages which are as follows-

  • Stage 1: Core Technical (CT)
  • Stage 2: Core Application (CA)
  • Stage 3: Specialist Technical (ST)
  • Stage 4: Specialist Application (SA)

Passing the first two stages will make the candidates eligible to an Associate members of the Institute of Actuaries of India. You can become a fellow of the IAI only after passing all four stages and gaining at least three years of experience in the field.

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