Institute of Actuaries of India (IAI): Courses, Contact Details, Facilities

Ayesha Taneem

IAI is the sole national apex body for actuaries in India. It was formed in September 1944 by the conversion of the Actuarial Society of India into a body corporate by virtue of the Actuaries Act, 2006. It is owned by the Ministry of Finance, Government of India. IAI admission 2023 is ongoing for the Actuarial Science course.

Institute of Actuaries of India Navi Mumbai is a prestigious institute which provides certificate courses in Banking, Finance, and Insurance. Admissions to these courses are based on ACET (Actuarial Common Entrance Test) scores. Part-time enrollment is possible in these courses. IAI Mumbai is a well-known certificate course provider. These programmes are taught by highly qualified teachers. The Head Office of the institute is at Seawoods, Navi Mumbai. IAI Navi Mumbai also boasts outstanding facilities throughout the campus, including a library.

IAI Highlights 2023

The Institute of Actuaries of India-related information, such as courses offered, infrastructural facilities, etc. are mentioned below.

Institute of Actuaries of India Admission 2024

Institute of Actuaries of India admission is ongoing. The admission to Institute of Actuaries of India can also be done online. There are two ways to apply to the Institute of Actuaries of India. One is through the ACET admission exam, while the other is through a non-ACET method.

For IAI admission, candidates can visit the official website of IAI Mumbai to get all the admission-related latest updates. Then, they must register, fill out the IAI application form/ student membership form and upload the required documents to complete the IAI admission process.

IAI Eligibility Criteria

Any person who enrols for IAI Navi Mumbai examinations and meets the qualifications is admitted as a student member of the institute under the terms and conditions stated below:

• The candidate who has appeared in the ACET exam and has a valid score
• Fully qualified members of the Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India
• The candidate who has passed MBA in Finance (Minimum 60% or equivalent grade)
• IIM Graduate
• Bsc/Msc in Actuarial Science from a reputed Institute/College
• B.E from a reputed Institute (Minimum 60% or equivalent grade)
• IIT Graduate
• Fellow Member of the Insurance Institute of India
• Graduation and Post-graduation Diploma in Actuarial Statistics

IAI Admission Dates 2024

Institute of Actuaries of India Mumbai accepts admissions based on the ACET exam. The important dates (tentative) related to admission are tabulated below.

Why Choose Institute of Actuaries of India?

IAI Mumbai is owned by the Ministry of Finance, Government of India. The Institute of Actuaries of India is a prestigious city institute which provides certificate courses in Banking, Finance, and Insurance. Listed below are a few reasons to choose IAI Mumbai.

• IAI promotes, upholds and develops the standards of professional education, training, knowledge, practice and conduct among actuaries
• It promotes the status of the actuarial profession
• IAI Navi Mumbai regulates the practice by the members of the profession of actuary
• The Institute of Actuaries of India promotes, in the public interest, knowledge and research in all the matters relevant to Actuarial Science and its application

IAI Placements

IAI placements provide some of the best placement opportunities for students. The Institute of Actuaries of India has a placement cell to provide guidance and support to its students for their first job by facilitating job opportunities/ placement drives with various actuarial employers. The Insurance Regulatory and Development Authority of India (IRDAI), the insurance regulator of India, is one of IAI's top recruiters. The Institute of Actuaries of India placements data like IAI Navi Mumbai highest package, average package, IAI salary trend, etc., are yet to be released.

IAI Infrastructure

IAI Mumbai infrastructure offers modern facilities to students for a better learning experience. It is located in Navi Mumbai, Maharashtra. The institute is equipped with a library, auditorium, seminar halls, and a good IT Infrastructure. Some of the key features of the Institute of Actuaries of India Navi Mumbai infrastructure are mentioned below.

• Smart Classrooms
• Seminar Hall/Auditorium
• Library
• IT Infrastructure
• Other Facilities

IAI Scholarships

IAI scholarships are available to students in the form of financial help, merit, and awards. The eligibility criteria are based on a variety of factors, ranging from socioeconomic background to outstanding academic records. IAI Mumbai ensures that everyone's effort in academics or sports is validated and rewarded. More information on the Institute of Actuaries of India Navi Mumbai scholarships is given below.

• Financial Aid
• OASIS Prize
• Academic Excellence Award
• ACET Score Funds
• Prize Fund for Highest Marks

IAI Faculty

Institute of Actuaries of India offers faculty that is highly qualified and experienced. The faculty members create and conduct educational programs that attract outstanding students to the institute. They have immaculate credentials, substantial competence and experience in their professions, and a strong dedication to the student's well-being.