Actuarial Common Entrance Test 2016 | ACET 2016 Notification and Dates

Actuarial Common Entrance Test 2016

Institute of Actuaries of India (IAI), Mumbai invites applications for the Actuarial Common Entrance Test (ACET) for the academic year 2016.

Institute of Actuaries of India had started conducting its Entrance Exam which is ACET from January 2012. There is a change in the structure of ACET examination from June 2016-exam diet

The exam will be held at least twice in a year. As of now, the planned months are May and November

Candidates please note that before applying online you should ensure their eligibility and other condition for the academic year 2016-17

Eligibility Criteria

Students who have appeared or passed the 10+2 examination or an equivalent examination with English as one of the subjects at 10+2 level at the time of registering for ACET (Not only science students)

Nevertheless, it is expected that many of those who are already in education at higher levels and also those working and having qualifications in mathematical subjects would take up the examinations

Exam Pattern

The exam will have multiple-choice questions with one correct answer for each question. The exam will be conducted online at a pre-selected test center at a specified time

The exam will be a three hour, 100 marks online exam that will have 70 multiple-choice questions with one correct answer for each question

The questions for Section-I i.e. Mathematics, Statistics and Data Interpretation will contain 55% of weightage and Section-II i.e. English and Logical Reasoning will contains 45% of weightage
The total distribution of questions would be:
a. 45 questions - 1 mark each
b. 20 questions - 2 marks each
c. 05 questions - 3 marks each

After successful registration, students will be able to download the sample question paper for the examination. However, the names of the reference books will be provided to the students
The syllabus will include the questions for:

Section-I Mathematics, Statistics and Data Interpretation having 55% of weightage and

Section-II English and Logical Reasoning having 45% of weightage

ACET will now be conducted in 27 exam centres in India

ACET will be conducted in a single day with one slot
There would be negative marking for incorrect answers. The incorrect answer will deduct half of the weight age of marks

Exam Centres

In which cities are the exam test centers available - Mumbai, Delhi, Kolkata, Bangalore, Gurgaon, Chennai, Pune, Hyderabad, Jaipur, Ahmedabad, Lucknow, Faridabad, Chandigarh, Bhopal, Nagpur, Surat, Ranchi, Kochi, Bhubhaneshwar, Dehradun, Patna Vizag, Coimbatore, Baroda, Guwahati, Ludhiana and Raipur

Procedure for Online Registration

Go to IAI website and signup at http://actuariesindia.org/subMenu.aspx?id=4&val=ACET

On filling up the Online Registration Form, you will receive a confirmation mail at your registered email id giving you the link to proceed further by giving other details, uploading your photograph and making payment of registration fees by Debit or Credit Card or Internet Banking

In case you do not receive the confirmation mail, kindly get in touch with IAI at [email protected] or call at 022-67843355

After successful registration, you will be able to download the study material from your login download tab using the same id and password you had used for online ACET registration

Kindly take a printout of your ACET Online Registration Form, since you have to submit it at the time of taking admission with the institute

Registration Fee

The registration fee for the entrance exam is Rs.3000/- (three thousand only). This covers the cost of the Welcome Kit inclusive of one Sample Paper and Online Exam
The registration fee once paid is neither refundable nor can it be carried forward for the next ACET

Important Dates for ACET 2016

Date of Registrations Start: 10th March 2016

Date of Registrations Close: 09th April 2016

Date of ACET Exam: 20th May 2016

Date of Results: 10th June 2016

Last Date to take Student Membership Admission (if wants to appear for September 2016 exam): 21st June 2016

Institute of Actuaries of India (IAI), Mumbai

302, Indian Globe Chambers, 142, Fort Street, Off DN Road, Mumbai-400001, Email: [email protected], Boardline: +91-22-67843333, Website www.actuariesindia.org