Introduction

Exam FAM, administered by the Society of Actuaries (SOA). This exam assesses essential actuarial methods used in modelling, foundational principles of rate making and reserving for short-term coverages, and contingent payment models for insurance and other financial risks.

Exam Overview

$\bullet \quad$ Content: Short term insurance and reinsurance coverages, parametric estimation, introduction to credibility, option pricing fundamentals, etc. 

$\bullet \quad$ Format: 34 multiple-choice questions, 3.5 hours, computer-based.

$\bullet \quad$ Government ID: Passport is needed. 

$\bullet \quad$ Pre-requisites: Knowledge of P exam, FM exam and VEE Mathematical Statistics is assumed.

$\bullet \quad$ Recommended Calculator: TI-30XS Calculator. 

$\bullet \quad$ What next: After clearing the FAM exam you should sit for either ALTAM/ASTAM exam.

$\bullet \quad$ Recommended Study Hours Dedicate approximately 350 hours to preparing for Exam FAM. 

$\bullet \quad$ Fees: USD 200 (For Indian students). 

$\bullet \quad$ Frequency: November, March, July.

$\bullet \quad$ Location: Prometric testing centre

AEI Study Resources

We offer comprehensive resources:

$\bullet \quad$ Recorded Lectures: 200+ hours of recorded lectures would be provided at the time of admission. 

$\bullet \quad$ Live Sessions: 100+ hours of live class would be conducted. 

$\bullet \quad$ Digital Study Materials: Easy-to-access resources.

$\bullet \quad$ Practice Papers & Chapter-wise MCQs: 1000+ MCQs uploaded on our website.

$\bullet \quad$ Mock Tests: Actual exam style practice mocks.

$\bullet \quad$ Doubt-Solving Sessions: Get all your queries answered.

$\bullet \quad$ Training Fee: The fee for Exam FAM preparation is ₹30,000, including all materials and support.

Additional Benefits

$\bullet \quad$ Placement Assistance: Help with securing jobs.

$\bullet \quad$ Course Extensions: If you fail/miss the attempt then the course can be extended by paying 1000 INR each term for two terms only.

Contact us at +91 8100598543.
Start your actuarial journey with AEI today!