With an aim to grow the actuaries in India, Institute of Actuaries of India was founded in the year 1944. Positioned in Mumbai, India this is the only Professional body of Actuaries in this country. The other goals of this notable institution are to develop communication among the members of the profession, help research work and host lectures as well as guide the students for becoming successful in the Actuarial exams. Institute of Actuaries of India, Mumbai become the member of the International Actuarial Association as a member in 1979 and it achieved formal recognition of Registration of Literary, Scientific and Charitable Societies Act XXI of 1960 on 14th December 1982. Registered under Public Charitable Trust Act 1950, Institute of Actuaries of India, Mumbai or IAI produce the actuaries of tomorrow.
Those who are planning to become a qualified Actuary, for them, there are a number of exams. In fact, Institute of Actuaries of India includes 4 groups called Series which are CT, ST, SA and CA. Total number of subjects is 15. No specific duration is there to complete these examinations. But generally the students take 4 to 6 years on an average to succeed in the exam. Students at Institute of Actuaries of India, Mumbai IAI are offered by all kind of assistance so that they can accomplish their goal in lesser number of years.
Institute of Actuaries of India, Mumbai exams are hosted two times in a year. One is in the months of May-June, while the other one is organized in October-November. Successful students of IAI exam enjoy a rewarding career. Some of the major employing sectors are General insurance, Government, Consultants, Academics, Life insurance, Pension funds, Health insurance, Risk Management and Investments as well.
Institute of Actuaries of India, Mumbai Address
Institute of Actuaries of India
302, Indian Globe Chambers,
142, Fort Street, Off D N Road, Mumbai – 400 001
Tel: +91- 22 – 67843333 Fax: +91-22 – 67843330