IAI CM1

Two halves of roughly equal weight. Actuarial Mathematics covers survival models, life tables, assurance and annuity functions, net premiums, reserves and multiple-decrement models. Statistics covers probability, distributions, sampling, estimation, hypothesis testing, regression and correlation. Check the current IAI syllabus document for the definitive learning objectives before you plan study.

The IAI publishes exam structure, duration and rules in its actuarial examination section. Those specifics are not reproduced here because the source page does not state them. Download the current syllabus and exam policies from actuariesindia.org, and treat any duration or mark figure from a forum or older note as unverified until you confirm it.

It is a step up. The mathematics half rewards fluency with life-table algebra and annuity notation rather than memorisation, and the statistics half demands genuine understanding of estimators and tests. Candidates who only read notes usually stall; those who work problems daily and review errors tend to clear it. Budget several months of steady effort.

Retakes are generally possible in a later exam session, but the exact policy on attempts, fees and any restrictions sits in IAI's exam policies and guidelines. Read that document directly rather than assuming, and plan your next attempt date from the published examination dates so you have a realistic study window.

Start with Actuarial Mathematics, because its notation and life-table conventions recur throughout later subjects and take time to become automatic. Run Statistics in parallel at lower intensity, then increase it once the mathematics core is solid. Avoid leaving all of Statistics to the final weeks; hypothesis testing and regression need repeated practice.

IAI publishes question papers and solutions, plus results and exam announcements, in the actuarial examination section of actuariesindia.org. Work recent papers under timed conditions, then mark honestly against the official solutions. IAI also announces mock exams, such as those listed for the November 2026 session, which are useful final rehearsals.

Three patterns dominate: memorising formulas without being able to apply them to unfamiliar wording; skipping Statistics because it feels less familiar; and never practising under time pressure. A fourth is ignoring small errors in life-table arithmetic, which cascade through a multi-part question. Track your mistakes in a log and revisit them weekly.

IAI lists study material with a published price list, including softcopy material, alongside its course education curriculum. Use the official material as your spine so nothing in the syllabus is missed, and supplement with your own worked summaries. Confirm current availability and prices on the IAI site, since these are updated periodically.

No. CM1 is one subject within a multi-stage examination series, and further subjects plus professional requirements follow. The IAI regulates the profession in India under the Actuaries Act 2006. Check the IAI's membership and credentials pages for the full pathway from student member through to Associate and Fellow.