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ACET 2023: Application Form(Started), Exam Dates, Eligibility, Syllabus

The registration for the March session of ACET 2023 has been started on September 3, 2023. The last date of registration for the March session of ACET 2023 would be February 17, 2023. The test of the March session of ACET 2023 will be held by IAI in online mode (Home-based) on March  2023. The hall ticket/ admit card for the March session of ACET 2023 for March will be issued on March 2023. The result for the ACET 2023 (March session) will be declared on April 2023, as per the official notification. For all the IAI members, the Institutes of Actuaries of India have delivered the study resources for ACET 2023. The IAI has also published the ACET Jan 2023 date of the mock test and student guide. The ACET 2023 will be conducted by the IAI in the months of January and March 2023.

The test dates for ACET 2023 have been stated on the official website of IAI i.e. actuaries.org. The ACET 2023 for the January session will be conducted on January 2023, and the admit card for this session will be released in December 2021. The admit card for ACET 2023 can be downloadable using the ACET login id of the applicants. It is advisable that applicants need to read all the required eligibility criteria in detail before applying for the test. Students who have passed Class 12th will be eligible to apply for the ACET 2023. There is no restriction on the age limit. The test will comprise 70 questions consists of 100 marks for 3-hour of duration. The applicants who will crack the ACET 2023 will become student members of IAI.

The registration for the March session of ACET 2023 has been started on September 3, 2023. The last date of registration for the March session of ACET 2023 would be February 17, 2023. Check here

To know more about the dates click here

What is ACET?

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.


ACET 2023 Highlights

Name of the Test Actuarial Common Entrance Test 2023
Acronym ACET 2023
Organized ByIAI (Institute of Actuaries of India).
Level of ExamNational Level
Exam TypesUG & PG Level
Courses OfferedActuaries courses
Exam FrequencyTwice a year
Mode of ApplicationOnline
Mode of ExaminationOnline (CBT)
Exam Date (Out)January 9, 2023 (Jan. Session), March 27, 2023 (March Session)
Exam Duration03 Hours
Helpline+91 – 22 – 62433333
Official websitehttp://www.actuariesindia.org

ACET 2023 Exam Dates

ACET 2023 exam dates for both the sessions are given below:

For March SessionMarch 2023 Dates 
Online Application/ Registration starts from3rd September 2022
Closing date of Online Registration/application form17th February 2023
Exam Date18th March 2023
Declaration of Result28th March 2023
For December sessionDecember 2023
Online Application/ Registration of ACET 2023 starts fromJuly 2023
Closing date of ACET 2023 online application formOctober 2023
Releasing date of ACET 2023 admit cardDecember 2023
ACET 2023 December session exam dateDecember 2023
Declaration date of ACET 2023 resultDecember 2023
Closing date for the admission of membership candidates who want to appear for the June session of examination.To be Notified soon

ACET 2023 Application Form

The application form of ACET 2023 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 2023 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.

How to Apply for ACET 2023?

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 2023.

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 2023.

ACET Application Fee

  • The ACET 2023 application fee can be paid online through either a Credit/ Debit card or Net Banking.
  • The ACET 2023 application fee is Rs 3000/- , the same for all the applicants.

Important Notes:

  • When you will upload the images then you will get a confirmation mail subjected to whether the format of the uploaded photo is correct or incorrect. If the uploaded images are not clear or not in the correct format then they have to upload a new one.
  • Post successful registration, applicants will get some ACET 2023 preparation material and Sample Paper.
  • The confirmation mail for the registration & fee payment will be sent automatically on the registered mail id of the applicants.
  • It is advisable that applicants should not use the Mobile Phone for registration purpose, only use a Laptop/ Desktop.

ACET 2023 Eligibility Criteria

The eligibility criteria required to apply for the ACET 2023 and to enroll in the actuarial sciences courses are given below:

  • Educational Qualification: An applicant will be eligible to apply for ACET 2023 only if he/she has passed class 12th or its equivalent examination from a recognized board.
  • Mandatory Subject: Applicants should pass class 12th with English as a mandatory subject.
  • Appearing Students: All those students who wish to apply for ACET 2023 but appear in the qualifying examination can also apply.
  • All the Graduates, Postgraduates, CA, CS, Management students, Engineering students, and degree holders in Mathematics can also apply for ACET 2023.
  • Age Limit: The age limit of the applicants has not been set by the authority it means applicants of any age can apply for ACET 2023.

ACET 2023 Test Pattern

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.

Exam Pattern Highlights:

  • Test Mode: Online (Computer-Based Test)
  • Questions Type: MCQ (Multiple Choice Questions)
  • Total Questions: 70
  • Maximum Marks: 100
  • Duration: 3 hours
  • No. of Sections: 5
  • Name of Sections: Mathematics, Statistics, Data Interpretation, English, Logical Reasoning
  • Marking Scheme: See the table given below,
No. of QuestionsAwarded MarksNegative Marking
45 questions1 mark for each0.5 marks
20 questions2 marks for each1 mark
5 questions3 marks for each1.5 marks

Section-wise Distribution of Marks

SectionsMarks
Logic reasoning10
Data interpretation15
English15
Statistics30
Mathematics30
Total 100 Marks

ACET 2023 Syllabus

The syllabus of ACET is available online on the official website, applicants can download it from there. The ACET 2023 Syllabus consists of 5 different sections Mathematics, Statistics, Data Interpretation, English, and Logical Reasoning.

Some main topics for all the sections are given below:

ACET Mathematics Syllabus

  • Matrices
  • Vectors
  • Algebra
  • Notation and standard functions
  • Numerical Methods
  • Differentiation
  • Integration

ACET Data Interpretation Syllabus

  • Tables
  • Pie Chart
  • Line Charts
  • Bar Graphs
  • Column Graphs
  • Caselets
  • Venn Diagrams

ACET Statistics Syllabus

Correlation

  • Scatter Plots
  • Covariance
  • Correlation Coefficient

Permutations and combinations

Measures Of Location

  • Mean
  • Mode
  • Median

Regression

Types of data

  • Bar Chart
  • Histogram
  • Boxplot
  • Stem-and-leaf
  • Statistical Diagrams

Measures Of Spread

  • Range
  • Variance
  • Interquartile Range
  • Skewness
  • Standard Deviation

Probabilities

  • Basic Rules Of Probabilities

Advanced Probabilities

  • Conditional Probabilities
  • Tree Diagrams

Discrete Random Variables

  • Definitions
  • Probabilities
  • Variance
  • Mean, Mode, Median
  • Coefficient of Skewness
  • Standard Deviation

Continuous Random Variables

  • Definitions
  • Standard Deviation
  • Probabilities
  • Variance
  • Mean, Mode, Median
  • Coefficient of Skewness

Continuous Distributions

  • Exponential
  • Continuous Uniform
  • Normal Distribution 

Discrete Distributions

  • Bernoulli
  • Poisson
  • Discrete Uniform
  • Binomial

ACET English Syllabus

  • Cloze Passage
  • Fill in the blanks
  • Verbal Reasoning
  • Sentence Correction
  • Reading Comprehension
  • Facts/Inferences/Judgements
  • Analogies or Reverse Analogies
  • English Usage or Grammar
  • Vocabulary Based (Synonyms Antonyms)
  • Meaning-Usage Match
  • Summary Questions
  • Jumbled Paragraph

ACET Logical Reasoning Syllabus

  • Cubes
  • Clocks
  • Binary Logic
  • Number and Letter Series
  • Calendars
  • Logical Matching
  • Logical Connectives
  • Logical Sequence
  • Seating Arrangement
  • Syllogism
  • Venn Diagrams

How to Prepare for ACET?

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 2023 that was provided after registration. The answer key of the sample paper will also be given after registration.

  • First of all, applicants have to be familiar with the test syllabus and test pattern.
  • Applicants should give online as well as offline mock tests to evaluate their preparation level.
  • To know the level of the examinations, applicants have to solve sample papers as well as previous year’s papers.
  • First, research thoroughly using online sources about the best study material for the preparation.
  • Make a proper schedule and try to follow it strictly. Do not procrastinate.
  • To maintain your mental and physical health as well do meditation, work out, and follow a proper diet plan regularly.

ACET 2023 Best Books to Prepare

Best books for the preparation of ACET 2023 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

ACET 2023 Admit Card

Those applicants who have successfully filled the ACET 2023 application form and have paid the application fee within the scheduled time will be able to access admit card. The ACET 2023 admit card will be available 7 days before the ACET in online mode on the official website.

The admit card of ACET 2023 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 2023 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 2023, the admit card/ hall ticket has been issued on December 2021 and is available on the official website.


ACET 2023 Exam Centers

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.

MumbaiKolkata
DelhiBangalore
GurgaonJaipur
ChennaiHyderabad
AhmedabadPune
LucknowChandigarh
KochiNagpur
RanchiIndore
DehradunBhubhaneshwar
PatnaGuwahati
SuratCoimbatore
VizagRaipur

Documents Required to carry at Test Center

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.

  • Hall ticket/Admit Card of ACET 2023
  • Photo proof Identity Card
  • Recent Passport size photographs

ACET 2023 Result

The result of ACET 2023 will be announced and available in the online mode and it will be declared on the official website only in pdf form. The ACET 2023 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 2023. 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 2023 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.

Steps to Check ACET Result

  • Open the official webpage of ACET 2023.
  • Now you have to choose the session for which you have appeared.
  • Once you click on the required session link, the result for the same session will appear in a new window as a PDF.
  • In order to access your result easily, you should press Ctrl + F and fill candidate ID in the search box, either you failed or passed the remark will be there in the last column.
  • Now if you have passed then for future reference you should download the Merit List/Result PDF.

ACET 2023 Cut Off

In this section, you will get all the details regarding the cut-off of ACET 2023. The cut-off will be published in online mode after few days of declaration of the result.

In order to clear the ACET 2023, 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.

  1. A total number of applicants appearing.
  2. A total number of seats available in the program.
  3. The difficulty level of the question paper.
  4. Cut off the trend of the previous year’s paper for the same cycle.

ACET 2023 Counselling

After the declaration of the merit list of ACET 2023, 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.

Seat Allocation:

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.

  • Students who will qualify for the First session: To get the student membership, applicants can register themselves. To get more extra details, refer to the ACET 2023 Important Dates section. Once the applicants get the student membership then after that they will have to activate their account and will have to select the subjects for which they are willing to appear for the further test of IAI.
  • Students who will qualify for the Second session: To get the student membership, applicants can register themselves. To get more extra details, refer to the ACET 2023 Important Dates section. Once the applicants get the student membership then after that they will have to activate their account and will have to select the subjects for which they are willing to appear for the further test of IAI.

Documents Required for Counselling

The following documents will be needed for the counseling purpose:

  • Mark Sheet of Class 10th.
  • Mark Sheet of Class 12th.
  • ACET 2023 Admit Card
  • ACET 2023 Result
  • Name Change Document (If valid)
  • Reservation or Community Certificate (If applicable).
  • Photo ID Proof (Passport/ School/ College Id Proof/ Pan Card)
  • Date of Birth ID Proof (Passport/ Pan Card/ School/College Leaving Certificate/ Birth Certificate).

Note:

  • If an applicant fails to attend the counseling session at the scheduled time then his/ her candidature will be canceled and he/she will not be able to claim a seat.
  • The candidates have to submit their fee against admission and 1st semester in a specified time otherwise their seats become void.

Institute of Actuaries of India (IAI)

IAI is a legal body and was established in the year 2006 under the Actuaries Act 2006. The intention of IAI is as follows:

  • To promote, strengthen, uphold and expand the patterns of professional education, discipline, theory, practice, and policy among the Actuaries.
  • To improve & strengthen the position of the Actuarial profession.
  • Management of the work by the Members of the Actuarial profession.
  • Advancement and improvement of learning and experimentation in all the stuff associated with Actuarial Science and its application.

Contact Details

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


ACET FAQ’S

I want to apply for both ACET sessions. Is it possible?

Yes, definitely. You can apply for both ACET sessions if you satisfy all the eligibility.

Is there any negative marking in ACET?

Yes, the mark will be deducted for every incorrect response.

I am appearing for my 12th level exams. Am I eligible to apply?

Yes, you can apply since you are appearing in the qualifying examination.

Is there any age limit to apply?

No, there is no maximum age limit criteria decided by the IAI for ACET.

Is it compulsory to have passed the class 12th exam while appearing for the ACET exam 2023?

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.

Can I attempt the ACET exam more than one time?

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.

When will the results for ACET 2023 be announced?

The result for each session for ACET 2023 will be announced 10-20 days after the conduction of the examination.

What is the minimum pass mark for ACET 2023?

The minimum marks required to qualify the ACET 2023 is 50% marks.

Is there any other mode of payment for paying the registration fee apart from the online mode?

No. The registration fee can be paid through online mode only. No other mode will be applicable apart from the online mode.

What happens after passing the ACET exam?

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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