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S MONK | Pre-recorded Video Course | Total Fee: ₹24,000
Start your actuarial journey with the perfect blend of theory and practical skills.
Course Overview
CM1 is the foundation paper for actuarial science, covering both theoretical concepts (CM1A) and Excel-based applications (CM1B). It helps students understand how to model, evaluate, and solve real-world financial problems related to insurance, annuities, pensions, and investments.
This combined course is aligned with the Institute of Actuaries of India (IAI) and the UK-based IFoA exam structure and includes everything you need to ace both components.
What You Will Learn
CM1A – Theory (Mathematical Concepts)
- Time value of money, interest, and discount functions
- Equations of value for loans, bonds, investments
- Annuities, perpetuities, and variable interest valuation
- Life tables, assurance and annuity contracts
- Joint-life and multiple decrement models
- Premium and reserve calculations
- Term structure, duration, convexity, immunisation
CM1B – Excel Modelling (Practical Application)
- Implement actuarial models in Excel
- Cashflow projections and modelling insurance products
- Premium/reserve calculations (prospective & retrospective)
- Recursive relationships, death strains, and mortality models
- Profit testing for insurance contracts
- Spreadsheet-based pricing techniques
Why Choose This Course?
- Solid foundation for all future actuarial subjects (CM2, CP1, SP4)
- Dual understanding: theory + practical (Excel-based applications)
- Prepares for industry-level actuarial modelling
- Great combo for placements when paired with CB1
Where You Can Apply CM1 Knowledge
- Life insurance pricing & product design
- Investment appraisal using annuities or NPV
- Pension and retirement planning models
- Reserve setting for insurance companies
- Spreadsheet-based actuarial analysis
Exam Structure
Component |
Format |
Duration |
|
CM1A – Theory |
IAI: MCQ (Computer-Based) IFoA: Word-based theory paper |
3 hrs 15 min (+5 min download) |
|
CM1B – Practical |
Excel-based case studies & calculations |
1 hr 45 min (+15 min upload) |
Passing Criteria
Institute |
Passing Marks |
|
IAI (India) |
50% overall (30% minimum in both CM1A and CM1B) |
|
IFoA (UK) |
50% To 60% (varies by session) |
How to Prepare with S MONK
- Build a strong grip on TVM, annuities, and cashflow models
- Practice Excel skills (e.g., PV, FV, XIRR, VLOOKUP, INDEX-MATCH)
- Revise concepts with visual charts and actuarial modelling templates
- Attempt mock tests & past year questions
Who Can Join?
Ideal for 12th pass (maths or non-maths)
Suitable for graduates in any stream
No prior Excel or actuarial experience needed
Course Fee Breakdown
Component |
Fee |
|
CM1A – Theory |
₹ 25,000 |
|
CM1B – Excel Modelling |
₹ 10,000 |
|
Total |
₹ |
Combined discont | ₹ 32,000 |