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Mohit Dhulia
The March session of the ACET 2024 exam will take place in the month of March. In order to become a student member of the Actuarial Community and be eligible to sit for ACET exams, one must first take the ACET (Actuarial Common Entrance Test). This test is managed by the Institute of Actuaries in India (IAI). Two or three times a year, prospective college students are required to take this exam. This article contains all the details you need to know about taking the ACET 2024 exam, such as the application deadline, exam dates, and required qualifications.
Table of Contents
Actuarial Common Entrance Test, popularly known as ACET, is a university-level entrance test, conducted twice a year by the officials of the Institutes of Actuaries of India (IAI). If you appear and passed the exam then you will become a student in the Institute of Actuaries of India. At the Institute of Actuaries of India, applicants get an opportunity to appear for one test post another, it gives them the best essence that makes them a fully-developed actuary. The main responsibility of an actuary is to control risk management related to finance in Real Business Problems.
| Name of the Test | Actuarial Common Entrance Test 2024 |
| Acronym | ACET 2024 |
| Organized By | IAI (Institute of Actuaries of India). |
| Level of Exam | National Level |
| Exam Types | UG & PG Level |
| Courses Offered | Actuaries courses |
| Exam Frequency | Twice a year |
| Mode of Application | Online |
| Mode of Examination | Online (CBT) |
| Exam Duration | 03 Hours |
| Helpline | +91 – 22 – 62433333 |
| Official website | http://www.actuariesindia.org |
ACET 2024 exam dates for both the sessions are given below:
| Events | Dates 2024 |
| Online Application/ Registration of ACET 2024 starts from | 1st week of September 2023 |
| Closing date of ACET 2024 online application form | 4th week of February 2024 |
| Releasing date of ACET 2024 admit card | 1st week of March 2024 |
| ACET exam | 3rd week of March 2024 |
| Declaration date of ACET 2024 result | Last week of March 2024 |
| Events | Dates 2024 |
| Online Application/ Registration starts from | 1st week of April 2024 |
| Closing date of Online Registration/application form | 4th week of May 2024 |
| Admit card release | 1st week of June 2024 |
| ACET exam | 4th week of June 2024 |
| Declaration of Result | 1st week of July 2024 |
The application form of ACET 2024 will be available online on its official website. It should be noted that no other mode of application will be entertained.
While filling the ACET 2024 application form applicants will have to upload scanned images of their recent size photograph & signature. Make sure to fill in the correct information only in the ACET application form and submit the application form on time.
Applicants first have to signup on the ACET official website after that, they have to complete their registration and make payment. After the successful registration, applicants will receive a confirmation mail with ACET login detail which will be used later for further processes.
Step-1 Open the official website i.e. actuariesindia.org
Step-2 Once you open the website, a new page will open where applicants will find the registration link for ACET 2024.
Step-3 After completing the registration process, applicants can fill out the application form.
Step-4 Once the registration becomes complete a link will be provided to the applicant’s registered mail id by using this link applicant will get access to fill the application form and then upload the images of the photo and signature.
Step-5 After filling out the application form by providing all the correct details, the last step is to pay the online application fee for ACET 2024.
| Relevant Links | ||
|---|---|---|
| CEE AMPAI | CEE AMPAI | KLMEE |
| KRLMPCA UGCET | Sikkim CET | TBJEE |
The eligibility criteria required to apply for the ACET 2024 and to enroll in the actuarial sciences courses are given below:
The test pattern comprises two parts, namely Part 1 and Part 2. In part 1, the knowledge of Mathematics, Statistics, and Data Interpretation will be tested and its weightage is 55% of the total score. While in part 2, the knowledge of English and Logical Reasoning will be tested and its weightage is 45% of the total score. There will be 70 questions comprised of 100 marks.
| No. of Questions | Awarded Marks | Negative Marking |
|---|---|---|
| 45 questions | 1 mark for each | 0.5 marks |
| 20 questions | 2 marks for each | 1 mark |
| 5 questions | 3 marks for each | 1.5 marks |
| Sections | Marks |
| Logic reasoning | 10 |
| Data interpretation | 15 |
| English | 15 |
| Statistics | 30 |
| Mathematics | 30 |
| Total | 100 Marks |
The syllabus of ACET is available online on the official website, applicants can download it from there. The ACET 2024 Syllabus consists of 5 different sections Mathematics, Statistics, Data Interpretation, English, and Logical Reasoning.
Some main topics for all the sections are given below:
Correlation
Permutations and combinations
Measures Of Location
Regression
Types of data
Measures Of Spread
Probabilities
Advanced Probabilities
Discrete Random Variables
Continuous Random Variables
Continuous Distributions
Discrete Distributions
Applicants have to solve as many as the problem they can solve related to all the sectional areas that are listed under the ACET syllabus. You can do practice and solve problems with the books and study material recommended by IAI.
The applicants can practice from the sample paper of ACET 2024 that was provided after registration. The answer key of the sample paper will also be given after registration.
Best books for the preparation of ACET 2024 are listed below, applicants can check out the booklist.
| Booklists |
|---|
| TOMATO (Test of Mathematics at Ten plus Two-level) |
| An Excursion in Mathematics |
| Challenging Mathematical Problems with Elementary Solutions |
| Problem Primer for the Olympiad |
| Challenge and Thrill of Pre–College Mathematics |
| High School English Grammar and Composition |
| Word Power Made Easy |
| Problem Solving Strategies |
| Quantitative Aptitude for Competitive Examinations |
| How to Prepare for Quantitative Aptitude for the CAT |
| Quantitative Aptitude for MBA Entrance Examinations |
| The Pearson and Guide to Verbal Ability and | Logical Reasoning for the CAT |
| How to Prepare for Verbal Ability and Reading Comprehension for CAT |
| Data Interpretation and Logical Reasoning |
Those applicants who have successfully filled the ACET 2024 application form and have paid the application fee within the scheduled time will be able to access admit card. The ACET 2024 admit card will be available 7 days before the ACET in online mode on the official website.
The admit card of ACET 2024 is very crucial as per the test perspective since it carries all the test-related details Applicant’s name, Applicant’s Photograph, Test date, Test Center, Test timing, Instructions to be followed on test day, etc. Aspirants have to keep their admit cards safe until the admission procedure is finished. Those applicants who will not carry their admit card/ hall ticket/ call letter will not receive entry at the test center. Applicants can access the admit card by providing their credentials.
Applicants who have successfully registered themselves for the ACET 2024 can log in to their ACET by providing a registered email id and password in order to download the Admit card.
For the January session of ACET 2024, the admit card/ hall ticket has been issued on December 2021 and is available on the official website.
At over 50 different test centers, IAI conducts the ACE Test twice every year. At the time of filling application form of ACET, applicants will have to select their preferred test center and test city. It should be remembered that once the admit card is released then no changes in the test centers will be permitted under any conditions.
| Mumbai | Kolkata |
| Delhi | Bangalore |
| Gurgaon | Jaipur |
| Chennai | Hyderabad |
| Ahmedabad | Pune |
| Lucknow | Chandigarh |
| Kochi | Nagpur |
| Ranchi | Indore |
| Dehradun | Bhubhaneshwar |
| Patna | Guwahati |
| Surat | Coimbatore |
| Vizag | Raipur |
Some important documents need to be carried out at the test center. if someone fails to carry these documents then he/she will not be permitted to enter in the test hall anymore.
The result of ACET 2024 will be announced and available in the online mode and it will be declared on the official website only in pdf form. The ACET 2024 Result is basically a marked statement that shows you the total marks obtained by the applicants in the test.
For the January session, the result will be announced on January 2024. The applicants can get access to the result for the January session by recording their user id & password that they have received at the ACET 2024 registration time.
The result will be published in PDF format. It is instructed to the applicants for future references that have access to the printout of the result. It should be pointed out that the validity period of the result will be of 3 years only from the date of the result declaration.
In this section, you will get all the details regarding the cut-off of ACET 2024. The cut-off will be published in online mode after few days of declaration of the result.
In order to clear the ACET 2024, applicants are required to score minimum cut-off marks set by the officials of IAI. Those applicants will be called for admission only who have cleared the cut-off. If you examine the previous year cut off trend of ACET then you will find it 50% on average.
Applicants should notice that the officials of IAI will not publish the cut-off score for different categories on various websites, it will be only published on the official website. Those applicants will be called for admission and counseling process who have cleared the cut-off.
The cutoff will depend on the following various factors.
After the declaration of the merit list of ACET 2024, the shortlisted applicants will have to attend the Counselling Session followed by an Interview round. Based on the ACET score, the fixed schedule for the ACET Counselling session will be notified distinctly. At the time of counseling, the applicants must have to carry an SOP (Statement of Purpose) and extracurricular activity certificate (if any) along with them.
The seats to the qualified applicants will be allotted based on the ranking of the applicants and subject to satisfying the minimum eligibility standards for the respective program. At the edge of the admission cycle, the merit ranking is compiled for each session. In case, if some of the seats left vacant then the authority will announce another admission cycle. The merit – ranking will be decided for each cycle based on the aggregate score of the written test of ACET and interview round.
The following documents will be needed for the counseling purpose:
IAI is a legal body and was established in the year 2006 under the Actuaries Act 2006. The intention of IAI is as follows:
Institute of Actuaries of India (IAI)
Unit no. F-206, 2nd Floor, ‘F’ Wing in Tower 2
Seawoods Grand Central, Plot no R-1,
Sector 40, Seawoods,
Near Seawoods Railway Station,
Navi Mumbai – 400 706
Boardline: +91 – 22 – 39686060
Fax: +91-22 – 39686050
Yes, definitely. You can apply for both ACET sessions if you satisfy all the eligibility.
Yes, the mark will be deducted for every incorrect response.
Yes, you can apply since you are appearing in the qualifying examination.
No, there is no maximum age limit criteria decided by the IAI for ACET.
Yes, if you want to access the student membership then it is compulsory to pass the class 12th exam. However, the appearing students can also apply but they will not get a membership.
Yes, definitely you can. If you are unable to clear the test in one go then you can appear for the other sessions of ACET.
The result for each session for ACET 2023 will be announced 10-20 days after the conduction of the examination.
The minimum marks required to qualify the ACET 2023 is 50% marks.
No. The registration fee can be paid through online mode only. No other mode will be applicable apart from the online mode.
If some passed the ACET then they must perform a confirmation process. In this process of confirmation, they have to take responsibility for all the information which they have discloses during this confirmation process.
Additionally, after the acceptance of their participation and once they will get the understudy enrollment id then they can purchase study material of their chosen Core subjects.
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