Actuary means a person skilled in determining the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of life interests and insurance risks, or designing and pricing of policies, working out the benefits recommending rates relating to insurance business, annuities, insurance and pension rates on the basis of empirically based tables and includes a statistician engaged in such technology, taxation, employees’ benefits and such other risk management and investments. A person is considered eligible to be actuary if :-- 1. Should have passed 10+2(HSC) or equivalent with at least 85% in Mathematics/ Statistics 2. Graduates or Post Graduate with not less than 55% marks in Mathematical subjects (i.e Mathematics or any of its branches; Statistics or any of its sub classifications such as Mathematical Statistics and Applied Statistics; Econometrics; Computer Sciences; Any discipline of Engineering; Subject in Science such as Physics or its branches). 3. Candidates with CA/ CS/ CWA/ MBA (Finance)/ PGDBA 4. Fully qualified members of professional bodies such as the Institute of Chartered Accountants of India (ICAI), The institute of Cost and Works Accountants of India (ICWAI) and Certified institute of Financial Analysts of India (IFAI) and Fellow of Insurance Institute of India (III)- passing with the subjects Mathematical Basis of Insurance and Statistics 5. A student member of actuarial bodies such as Institute of Actuaries, London; Faculty of Actuaries in Scotland and Institute of Actuaries, Australia 6. Students from Society of Actuaries, USA and Casualty Actuarial society, USA , provided that they must have passed at least one subject from these bodies. In India **Institute of Actuaries of India(IAI)** is a statutory body established under The Actuaries Act 2006 (35 of 2006) for regulation of profession of Actuaries **Actuarial Common Entrance Test (ACET)** is the entry level exam to become student member of Institute of Actuaries of India wish to take actuarial examinations from the IAI. Students must take 15 subjects (14+1 optional) in preparing for the actuarial examinations. These subjects are grouped into 100 Series (CT), 200 Series (CA), 300 Series (ST) and 400 Series (SA) visit the [LINK] to know about the subjects offered at each stage of the exam also you can visit the [site] of Institute of Actuaries of India(IAI) to know about fees, exam dates,centres etc http://www.actuariesindia.org/subMenu.aspx?id=266&val=Regular_Exams http://www.actuariesindia.org/index.aspx