₹23,000.00
SP2: Life Insurance – Regular Course.
Faculty: Siddharth Sonthalia
Course Duration: 60+ hours
SP2 Life Insurance builds on the Core Principles (CM1, CS2, CP1) and applies actuarial techniques to life insurance business. It focuses on product design, pricing, reserving, risk management, and regulation of life insurance companies. The paper is designed for students who want to specialize in the life insurance practice area. It is available through both the institutes, the Institute of Actuaries of India (IAI) and the UK-based Institute and Faculty of Actuaries (IFoA).
SP2 covers theoretical knowledge like:
| Component | Exam Format | Duration |
|---|---|---|
| SP2 | Computer-based exams using Word | 3 hours 20 minutes |
| Topic | Weightage |
|---|---|
| Life insurance products and general business environment | 15% |
| Product design and specific features | 25% |
| Risks and risk management | 30% |
| Models and valuation | 15% |
| Monitoring experience and setting assumptions | 15% |
| Institute | Passing Marks |
|---|---|
| IAI (India) | 50% (Fixed) |
| IFoA (UK) | 56%–65% (Varies by term) |
| Vandita Sarda | AIR 1 |
| Twinkle Bajaj | AIR 1 |
| Niharika Agarwal | 71 |
| Vanshika Gupta | 68 |
| Yash Gaba | 65 |
| Dribjot Singh | 64 |
| ANKIT CHHAJER | 63 |
| Simran Chaudhary | 62 |
| NIVITA SHETTY | 60 |
| Devesh Maheshwari | 60 |
| Shikha Jain | 57 |
Siddharth Sonthalia, currently working as a Senior Actuarial Analyst at Swiss Re in Bangalore. He graduated in economics from St. Xavier’s College, Kolkata in 2022. He has core expertise in using Actuarial modelling softwares like AXIS, RAFM and Prophet. He has worked on IP, Life, LTC products across regions – ANZ, LA, CA, Asia, UK. He also briefly worked on IFRS17. With close to 2.5 years experience in the Life domain, he is an associate member of the IFoA abd has 12 actuarial papers under his hat – with one SA level paper remaining. He is also a faculty at the Christ University, Bangalore for their Masters in Actuarial Sciences Programme.
