The Institute of Actuaries of India is responsible for organizing the ACET exam. ACET stands for Actuarial Common Entrance Test is a university-level entrance exam. The exam is organized for the aspirants who plan to register as student members of the IAI and wish to take actuarial (ACET) examinations.
IAI – Institute of Actuaries of India organizes this entrance exam 2-3 times a year. Eligible candidates who want to apply for ACET Exam 2024 must submit their online application form on or before the due date. Applicants can check the complete details regarding ACET 2024 from the article below.
Table of Contents
ACET 2024 Highlights
| Exam name | ACET |
| ACET full form | Actuarial Common Entrance Test |
| Conducting Body | Institute of Actuaries of India (IAI) |
| Level of exam | University level |
| Application Mode | Online |
| Mode of exam | Computer-based test |
ACET Important Dates (tentative)
Candidates can check the expected schedule for ACET Exam 2024 from the table below.
Dates for March Session
| Events | Dates (tentative) |
| Application form will available from | September 2023 |
| Registration closes on | February 2024 |
| Availability of admit card | March 2024 |
| ACET Exam Date | March 2024 |
| Announcement of result | March 2024 |
Dates for March Session
| Events | Dates (tentative) |
| Application forms will be available from | April 2024 |
| Registration closes on | May 2024 |
| Availability of admit card | June 2024 |
| ACET Exam Date | June 2024 |
| Announcement of result | July 2024 |
ACET 2024 Application form
Candidates should read the important instructions and eligibility criteria before applying for ACET Exam 2024. The application form will be available in online mode only. The authority will release the application form separately for both sessions.
Candidates should complete the online registration by providing their basic details like email id, name, contact number.
Thereafter, signup by using the login credentials i.e., Registration number, and password generated at the time of registration.
Candidates should fill out the application form carefully including personal details, academic, address, and other.
Candidates have to upload the required documents such as a photograph, signature, etc. in a specific format.
Candidates have to pay the application fee through online mode using a debit card, or credit card.
Recheck the details before submitting the application form.
Candidates must take the printout of the application form and keep it safe for further use.
ACET Exam 2024 Application Fee
The payment of fees can be made online by using a credit card/debit card/ or net banking. The ACET registration fee will be Rs 3000/-for all the candidates. For non-ACET candidates, the application fee will be Rs 4000/-.
ACET 2024 Eligibility Criteria
Candidates must satisfy the required eligibility criteria before applying for the ACET exam. The details regarding the eligibility criteria are as follows:
Candidates who have passed the 10+2 level or its equivalent examination from any recognized institute/ university are eligible to apply.
Candidates waiting for the result of the qualifying exam will also be eligible.
Applicants who have cleared a diploma/ management/ engineering/ or any other discipline but, have interest in mathematics and skills in cost accountant/charter accountant/ numeracy/ or any company secretary will also be eligible to apply.
Candidates must have passed the qualifying examination with English as a mandatory subject.
ACET Exam Pattern 2024
Candidates can check the ACET Exam pattern details from the section below.
| Examination mode | Computer-based test (online) |
| Number of questions | 70 |
| Sections | 3 sections |
| Duration of exam | 3 hours |
| Type of questions | Multiple choice question |
| Total marks | 100 |
| Marking criteria | Different for each section (45 questions – 1 mark each, 20 questions – 2 marks each & 5 questions – 3 marks each) |
Subject-wise distribution of marks is given below.
| Subject | Marks |
| Mathematics | 30 |
| Logical reasoning | 10 |
| Statistics | 30 |
| Data interpretation | 15 |
| English | 15 |
| Total | 100 |
ACET Syllabus 2024
The syllabus will cover various topics from subjects like mathematics, English, data interpretation, logical reasoning, and statistics. Details regarding ACET 2024 syllabus are provided below.
| Subjects | Topics |
| English | Vocabulary Based (Synonyms Antonyms), Meaning-Usage Match, Jumbled Paragraph, Sentence Correction, English Usage or Grammar, Cloze Passage, fill in the blanks, Analogies or Reverse Analogies, Summary Questions, Facts /Judgements/ Inferences, Verbal Reasoning, Reading Comprehension. |
| Mathematics | Numerical Method, Algebra, Differentiation, Integration, Vectors, Nation and Standard Functions, Metrics. |
| Logical Reasoning | Clocks, Venn Diagrams, Cubes, Calendars, Number and Letter Series, Logical Matching, Logical Sequence, Binary Logic, Logical Connectives, Seating Arrangement, Blood Relations, Syllogism |
| Statistics | Discrete Random Variables, Probability, Continuous Random Variables, Advanced Probability, Regression, Type of Data, Measures of Spreads, Measures of Location. |
| Data Interoperation | Tables, Pie Charts, Column Graphs, Bar Graphs, Venn Diagrammes, etc. |
ACET Exam Centres
The exam will be held in the following cities: Gurgaon, Kolkata, Bangalore, Delhi, Mumbai, Lucknow, Jaipur, Kochi, Pune, Indore, Hyderabad, Coimbatore, Guwahati, Ahmedabad, and Chennai.
ACET 2024 Admit Card
The authority will release the ACET Hall ticket 2024 online mode only. Candidates who registered for the exam will be able to download their admit card by providing login details i.e., application number or date of birth.
It consists of important details related to the exam such as the candidate’s name, roll number, exam centre address, date and time of the exam, etc. Candidates will have to bring a ACET hall ticket along with one photo ID proof. Without this, candidates will not be allowed to appear in the exam.
ACET Exam Result 2024
The result will be announced by the authority through online mode only. Candidates who appeared in the exam will be able to download their results by using login credentials. The result will be published in the form of a scorecard.
It includes the details like name of the candidate, the subject-wise score obtained, the total score etc. A separate merit list will also be prepared by the authority based on the ACET result. The ACET scorecard will be valid for 3 years from the date of the result.
ACET Admission/Counselling
Qualified candidates will be invited for further admission process based on their ACET Merit rank. The ACET admission will be commenced a few days after the announcement of the result. Shortlisted candidates who clear the exam with the required ACET Cutoff marks will be allowed to register themselves as membership student.
Through this, candidates will be able to appear in the other examinations organized by the Institute of Actuaries of India (IAI). There will be a total of 13 papers that candidates need to clear to become an actuary. However, to apply for all 13 papers, applicants must need to pass the ACET examination.
ACET Contact Details
Institute Of Actuaries of India
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 – 62433333
FAQs
The ACET registration process will be held in online mode only.
The exam will be conducted twice a year.
There will be no restrictions on the number of attempts.
Candidates have to pay Rs 3000/ as a necessary application fee.
The difficulty level of the exam is moderate to tough.