ACET 2020 (Postponed) - Dates, Qualified Member can directly Apply for Admission, Eligibility, Result

ACET 2020 - The Institute of Actuaries of India has postponed ACET 2020 May session due to the COVID-19 outbreak and the consequent lockdown. The exam will now be conducted on June 27, 2020. ACET 2020 registration date has also been postponed to May 29. The Actuarial Common Entrance Test (ACET) is conducted thrice a year by the Institute of Actuaries of India (IAI) for candidates interested in pursuing the course of actuarial sciences. Successfully registered candidates will be able to download their admit cards from June 15 tentatively and the ACET result will be announced in the first week of July 2020. Earlier, ACET 2020 result for the February session was declared on March 7, 2020. There are 5 sections for ACET exam, majorly mathematics and statistics, which have to be prepared for the exam. Candidates still planning to pursue actuarial sciences may refer the complete article below which contains all the aspects related with ACET 2020 including eligibility, exam pattern, marking scheme, etc.
Latest: ACET 2020 Registration extended till May 29. Apply online!

What is ACET?

ACET stands for Actuarial Common Entrance Test which is the entrance examination for the course of actuarial sciences. Candidates who qualify ACET become eligible to apply for student membership of IAI and pursue the course. It's a must to pass the ACET exam with at least 50% marks in order to pursue the course of actuarial sciences under IAI.

ACET 2020 Overview

ACET Exam Dates 2020

ACET Registration 2020

The Institute started registration for ACET May 2020 session on March 13 in online mode. The last date for ACET 2020 registration is May 29, 2020. Candidates have to provide certain details during the process of registration which includes personal as well as academic details. The last step of ACET registration is payment of fee. Check the ACET 2020 registration fee details below.

ACET Application Fee

Candidates who are interested in pursuing actuarial sciences have to first appear for ACET exam, for which, they have to pay Rs 3,000 as registration fee. The same can only be paid in online mode that includes net banking, debit card and credit card payments, etc. Candidates may note that the above-mentioned amount includes the cost of a sample paper and it’s indicative solution as well.

ACET 2020 Eligibility Criteria

The concerned authorities of IAI have provided the eligibility criterion for actuarial entrance that has to be complied with by candidates in order to apply for membership and pursue the course after having cracked the ACET 2020 exam. The table below provides for who is eligible to appear in ACET May 2020:

NEW: Fully qualified members from the Institute of Cost Accountants of India can now directly apply for Admissions without appearing for the ACET entrance examination.

Candidates who qualify the ACET 2020 are deemed eligible to apply for IAI student membership. But it may be noted that such students will be able to pursue further only if they produce attested copies of valid documents, which will also be subject to verification.

ACET Admit Card 2020

The authorities are likely to release ACET admit cards for May 2020 session on June 15. Candidates must download the admit cards, taken its printout and carry it to the exam centre on the day of exam, i.e. June 27, 2020. The ACET admit card will be made available online on the official website of IAI only, so, given below are the steps to download the same.

How to download ACET Admit Card 2020?

Candidates have to follow a series of steps as mentioned below for downloading the ACET Admit Card:

1. Visit the official website of ACET at actuariesindia.org.

2. Now click on ACET leads to the page of Actuarial Common Entrance Test.

3. Now hit on ‘Click here’ for already registered students of ACET.

4. Enter your email ID and password and then sign in.

5. Now click to download ACET May 2020 Admit Card

ACET 2020 Exam Centres

There are fixed examination centres for actuarial entrance, where the ACET 2020 is conducted in online mode. The ACET exam is conducted in 24 cities across India and those candidates who wish to appear from overseas have to make requests separately in this regard. The ACET exam centre is allotted to candidates as per the options selected at the time of ACET registration. The same reflects in the individual ACET admit cards of the candidates.

ACET Exam Pattern 2020

The authorities of IAI have announced the exam pattern for ACET May 2020, which will be conducted in online mode on the stipulated date of exam. The exam is conducted in one sitting for 3 hours wherein, candidates are asked 70 questions with different weightage. Since July 2019, IAI has ended the provision of negative marking for ACET exam. The table below deals with ACET 2020 exam pattern in a detailed manner.

ACET Exam Pattern

Marking Scheme for ACET 2020

The officials have provided the marking scheme for ACET in a clear manner for candidates of upcoming session. As there are questions with 3 types of weightage, candiates have to prepare and then attempt the ACET 2020 exam accordingly. Refer the table below for ACET 2020 marking scheme:

ACET Marking Scheme

ACET Syllabus 2020

There are five subjects to be covered for ACET 2020, wherein candidates have to deal with

• Mathematics,

• Statistics,

• English,

• Data Interpretation, and

• Logical Reasoning.

The authorities have provided with the topics to be prepared under all these 5 heads which hold different weightage accordingly. Maximum weightage is held by Mathematics, while the section of Logical Reasoning holds the least of 10 marks.

ACET Study Material 2020

Candidates who are planning to appear for ACET 2020 have to prepare for the exam with the help of relevant study material for ACET exam. It can be previous year/ session’s question papers, books, etc. that can help the prospective candidates. It may be noted that the ACET 2020 registered candidates will be provided with sample paper and it’s corresponding solution by the officials. This also helps candidates understand the exam pattern and the kind of questions expected in the upcoming session of ACET May 2020.

ACET Exam Passing Criteria

The authorities have fixed ACET 2020 passing marks to be 50 out of maximum 100 marks. One has to prepare with all the dedication as it is not that easy to crack ACET exam. Since July 2019, there is a point of relief brought in for candidates by removing the provision of negative marking. Thus, effective planning for ACET 2020 can lead to a candidate cracking the entrance exam in first attempt.

ACET Result 2020

The result of ACET 2020 (May session) is expected to be declared in the first week of July. Candidates are required to login using their email ID and password which will lead to the result. The result is also shared in the form of a merit list that contains names of candidates who qualify the ACET 2020 exam.

Steps to download ACET 2020 result are provided below:

1. Visit the official website at www.actuariesindia.org.

2. Enter the login page for ACET 2020.

3. Enter the Candidate email ID and password.

4. Click on ‘Check result’ to view the ACET 2020 result

5. Result will appear on this page for download

6. Take 2-3 print outs as well for registration purpose.

Process after ACET 2020 Result

After declaration of ACET May result, some of the candidates will qualify the exam, while some others will face failure as well. Those who pass ACET exam 2020 have to proceed with applying to IAI for student membership, which marks the start of course of actuarial sciences. As IAI conducts the ACET exam thrice a year, candidates who do not pass have plenty of chances to strategize for the exam and perform well in the session that follows.