*********Actuary: Managing Risks********** An actuary is entrusted with the responsibility to ensure security of policyholders. She/he does that by ensuring the company is maintaining adequate financial resources so as to withstand higher than expected claims. The actuary designs insurance and pension plans, determines insurance premium rates and contract provisions for each type of policy offered. S/he also creates new and attractive policies for organization growth. PAY OFF-At entry level one’s income could be Rs 3 lakh to Rs 5 lakh per annum. After gaining experience of five to six years and clearing a good number of the possible 15 papers, an actuary can earn Rs 10 lakh to Rs 15 lakh per annum. Immediately after becoming a fellow of Institute of Actuaries of India (IAI) one can earn anything from Rs 20 lakh to Rs 30 lakh per annum. How do I get there- Begins by joining the Insitute of Actuaries of India as a student member for which one needs to clear an actuarial common entrance test. This exam is conducted twice a year. The candidate must have passed class 12 exam or an equivalent exam with English as one of the subjects at class 12 level. After becoming a student member one needs to take upto 15 actuarial exams. Also, one should be a member of a professional body like the Institute of Chartered Accountants of India. To get more similar updates and information regarding education, upcoming entrance test & their preparation and career opportunities in Education, please join the group: https://facebook/groups/FollowurDream
Posted on: Mon, 20 Jan 2014 05:59:32 +0000