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ACTUARIAL SOCIETY OF BANGLADESH

(Registered under THE SOCIETIES REGISTRATION ACT. 1860 (ACT. XXI OF 1869)

vide Registration no. S – 6732 (977)/07 ) dt.7th June, 2007)

CRITERIA FOR BECOMING STUDENT MEMBER (ver 1.00/July 2007)

Introduction

It is recognized that to start with the ASB’ s criteria of admission to variousclasses of membership will be based on derivative standards of other

recognized and well established professional actuarial bodies. This applies to

student membership as well. It is primary objective of the ASB to encourage

spread of professional actuarial education in Bangladesh and it will take steps

that are necessary to ensure that.

However, with a view to ensuring common and well recognized benchmarks of 

entry standards, it has been decided that such a benchmark will be that of the

Institute of Actuaries, London (IoA). (refer:  www.actuaries.org.uk   )

It is also recognized that so far number of persons from Bangladesh, have been

pursuing examinations of the Institute of Actuaries of India (earlier called

Actuarial society of India) and that probably they would continue to do so. The

criteria of admission as student of the Actuarial Society of India has been

such, though much detailed as against that of IoA, as would make such a

person eligible to be admitted as student member of the IoA as well.(refer:

www.actuariesindia.org) 

While the following stipulations are laid down for student membership of ASBon the assumption that such a stipulation will meet the criterion of student

membership of IoA, the applicants are required to have this accepted by IoA.

The Criteria

A person is eligible to be considered for admission as student member if s/he

satisfies the following conditions:

1)   Should have completed 18 years of age

2)   Should have attained any one of the following Educational Standards

A)  Passed 10+2 (H.S.C) or equivalent with at least 85% in

Mathematics/Statistics.

B)  Graduate or Post Graduate with Mathematical subjects. For this

purpose following subjects constitute mathematical subjects;

i.   Mathematics or any of its branches

ii.   Statistics or any of its sub classifications such as Mathematical

Statistics and Applied Statistics

i i i .  Econometrics

iv.   Computer Sciences

v.   Any discipline of Engineering

vi.   Subject in Science such as Physics or its branches

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ACTUARIAL SOCIETY OF BANGLADESH

(Registered under THE SOCIETIES REGISTRATION ACT. 1860 (ACT. XXI OF 1869)

vide Registration no. S – 6732 (977)/07 ) dt.7th June, 2007)

vii.   Actuarial Science from a recognized (by ASB) body such as

University of Heriot Watt in Edinburg h or Cash Business School in

London or any other as recognized by the IoA or the Institute of Actuaries of Australia.

The admission under these groups will, however, be subject to

following conditions;

a.   The total marks secured in the subjects coming under the

classification of Mathematical subjects taken together in all the

years of the degree course not less than 55%.

b.   The content of Mathematical subjects in all the years of the course

taken together is not less than 50% of the total content. This is

measured by the ratio which the maximum marks allotted to

Mathematical subjects in all the years of the Course bears to the

total maximum marks allotted to all subjects included in the

examination of the entire course excluding languages.

C)  MBA/PGDBA or equivalent in disciplines having

mathematical/statistical content. Each case to be examined on case

to case basis.

D)  Fully qualified members of following Professional/Educational

specified as under;

i .   The Institute of Chartered Accountants of Banglade

ii .   The Insurance Institute of India (III) passing with subjects 81-Mathematical Basis of Insurance and 82-Statistics

i i i .  Associate of Chartered Insurance Institute, London

Full qualification would mean completion of all required

examination leading to designation based on such full qualification

such as ICA in case of Institute of Chartered Accountant of India.

In case of Insurance Institute of India it would however mean AIII

plus pass in subjects 81-Mathematical Basis of Life Insurance

and/or 82-Statistics.

E)   A student member of following actuarial bodies

i .   Institute of Actuaries, London

ii .   Faculty of Actuaries in Scotland

ii i .  Institute of Actuaries, Australia

F)   A student of following actuarial bodies provided atleast one

subject has been passed from these bodies

i .   Society of Actuaries, USA

ii .   Casualty Actuarial Society, USA

3)   The medium of Instruction in final stage of examination based on which

admission is sought should be English.

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ACTUARIAL SOCIETY OF BANGLADESH

(Registered under THE SOCIETIES REGISTRATION ACT. 1860 (ACT. XXI OF 1869)

vide Registration no. S – 6732 (977)/07 ) dt.7th June, 2007)

The documents which are required to be submitted along with Admission Application form;

1.  Attested photocopies of the following documents;

If seeking admission under category Attested Photocopies required

1. +2 or equivalentMark Sheet & Passing certificate and Proof of 

medium of instruction

2. Graduate / Post Graduate

i  Mark Sheets (or Grade Sheets) of all

examinations leading to awarding the

degree

ii  Proof of medium of instruction

iii  Passing certificate (degree)

3. MBAs and certain Professionals

Mark Sheets (or Grade Sheets) & Passing

certificate of all examinations leading to

awarding the degree

4. Members of actuarial bodies such as

Institute of Actuaries, London, Faculty of 

Actuaries, Scotland, Institute of 

Actuaries, Australia

Proof of membership (e.g. copy of the relevant

page from the membership directory)

5. Members of actuarial bodies such as

Society of Actuaries, USA and Casualty

Actuarial Society, USA

Proof of passing atleast one subject

The photocopies should be attested by official of a Government or Semi-Governmental

organization or of similar status (e.g. Principal of a college, practicing medical Doctor)

2.  Two Passport size recent photographs

3.  Proof of Age

Note: In respect of applicants not being student member of the Actuarial bodies as specifiedabove, it would be necessary for such students to ascertain from the IoA that would meet their

criteria. However ASB is in dialogue with IoA that they should accept the criterion as specified

above for admission by them.