IAI ACET 2025 Eligibility Criteria - Check Age Limit, Marks Required, No of Attempts, Important Factor

Updated By Debanjalee Sen on 07 Oct, 2024 12:55

ACET 2024 eligibility has been specified by the Institute of Actuaries of India on the official website for the October term examination. Candidates must have passed 10+2 and meet all the other requirements for eligibility to take the examination.

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About ACET 2024 Eligibility Criteria

ACET eligibility criteria 2024 have been provided by the Institute of Actuaries of India (IAI) on the official website. ACET examination for the October term will be held on October 13, 2024. Those who meet the eligibility requirements can apply for ACET within the deadline. The minimum qualification required for application is completing 10 + 2. Those who are awaiting the 12th standard results are also qualified to apply, provided they are from the relevant streams/ subjects such as Finance, Maths, Statistics, Engineering, Management etc.

Aspirants with a strong foundation in Mathematics or Numeracy or Finance have a better chance of doing well in the examination. If aspirants want to have a successful career as an actuary, they should be aware that having a strong background in mathematics, will prove to be an advantage to them. 

Education Qualification Required for ACET 2024

The education qualification required for ACET 2024 is as follows -

  • The candidates must have passed Class 12th or have appeared for the exam and waiting for the declaration of the result.
  • Candidates who have attained higher education qualifications can also appear for ACET 2024.
  • Candidates studying for relevant Diploma courses are also eligible.
  • Applicants from Finance or any other fields, but love Mathematics and have numeracy skills.
  • Candidates from the Mathematical Sciences with Maths, Statistics, Econometrics or other subjects can send their applications for ACET.
  • Working professionals with a minimum of 12th qualification are also eligible to register for the exam.
  • Aspirants from the Engineering or Management streams are qualified to register.
  • Chartered Accountants, Cost Accountants or Company Secretary professionals are competent for ACET application.

Exemptions from ACET

The aspirants must note that there is no exemption from ACET exam 2024. However, there is an exemption for Core Technical, Core Application and Specialist Technical Subjects for the following candidates -

  • Professional Qualifications
  • Graduates of Indian Statistical Institute (ISI) Kolkata
  • Casualty Actuarial Society
  • Institute of Faculty of Actuaries
  • University Courses and IFoA Exemptions

In all, whoever wants to enrol in Actuary course of IAI should clear ACET 2024 exam.

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FAQs about IAI ACET Eligibility

Are candidates from the Mathematical Sciences or Finance stream eligible to appear for the ACET examination?

Yes, candidates from the Mathematical Sciences or Finance stream are eligible to appear for the ACET examination.

 

Is the ACET examination conducted only in India?

Yes, the ACET examination is conducted only in India.

 

Who issues the ACET eligibility criteria?

The Institute of Actuaries of India issues the ACET eligibility criteria.

 

Are students from an Engineering or Management background eligible for the ACET examination?

Yes, students from an Engineering or Management background are eligible for the ACET examination.

Are candidates studying Chartered Accountants, Cost Accountants or Company Secretary eligible to apply for the ACET examination?

Yes, candidates studying Chartered Accountants, Cost Accountants or Company Secretary are eligible to apply for the ACET examination.

 

What is the ACET eligibility criteria?

ACET eligibility criteria indicate that the candidates must have passed 10 + 2 or other higher courses or examinations. Those aspirants who have taken the 10 + 2 or similar examinations and are expecting the results can also apply for ACET.

 

How can candidates find out the eligibility criteria of ACET?

Candidates can find out the eligibility criteria of ACET from the official website of IAI. Under the eligibility criteria section of the drop-down menu, candidates can review the requirements for the examination.

 

What is the outcome if the candidates do not meet the ACET eligibility criteria?

If the candidates do not meet the ACET eligibility criteria, then their candidature may be rejected at any moment during the application or membership process.

 

What is the significance of the ACET 2023 eligibility?

ACET 2023 eligibility criteria is important as they specify the least qualification, age, and reservation category details required to apply for the examination. Candidates are advised to check the information regarding ACET eligibility before applying for the examination.

 

I am pursuing Class 12th. Can I appear for ACET exam?

Yes. Candidates who are pursuing Class 12th are eligible to appear for ACET exam.

I have a CFA qualification. Am I exempted from ACET?

There is no exemption from ACET for the CFA qualified candidates.

Is there any exemption for MBA graduates from ACET?

There is no exemption for MBA graduates in ACET.

How many times can I appear for ACET?

ACET is conducted thrice a year, i.e., June, September and October.

Is there any exemption from ACET?

There is no exemption from ACET. All the candidates who want to enrol in Actuary course of IAI should appear for ACET.

Is there any age limit to appear for ACET?

There is no age limit to appear for ACET.

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Related Questions

What should I use for preparation of ACET exam

-bhargav mircheyUpdated on September 28, 2020 02:38 PM
  • 1 Answer
Rahul Raj, Content Team

Dear Student,

If you would like to know how to prepare for the ACET Exam, visit our ACET Exam page on our official website. For preparation click on the link mentioned below:-

How to Prepare for ACET Exam

Best Books for ACET

 ACET Sample Paper

You are advised to pick a book that covers all the topics mentioned for the ACET Syllabus so that no Syllabus is skipped.

For admission-related guidance, fill our Common Application form or call on our toll-free number 1800-572-9877. 

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