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CM1A – Actuarial Mathematics

CM1A – Actuarial Mathematics

Course Overview

 

 

₹ 22,000.00 ₹ 22,000.00

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CM1A forms the foundation of actuarial mathematics. It provides rigorous training in essential mathematical techniques used by actuaries to solve financial problems involving:

  • Interest rates
  • Cashflows
  • Life contingencies
  • Insurance & annuity products

This course helps you build a strong conceptual foundation for modelling, pricing, and reserving within deterministic frameworks — a skill useful in careers in life insurance, pensions, investments, and financial planning.

 

 What You Will Learn

  •  Time value of money, interest & discounting
  • Equations of value (for loans, bonds, and investments)
  •  Annuities, perpetuities, and cash flow valuation
  •  Life tables, contingent cashflows, and insurance models
  •  Joint-life and multiple decrement models
  •  Premiums, reserves, and valuation methods
  •  Duration, term structure, immunisation, and convexity

 

 Why is CM1 Important?

  • It's the base of your actuarial journey.
  • Helps value cashflows, loans, bonds, and annuities — key tools in the actuarial world.
  • Fundamental in pricing, reserving, and investment roles.
  • Combine with CB1 (Business Finance) for better placement & learning impact.

 

 Applications of CM1 Knowledge

  • Pricing of life insurance & annuity products
  • Cashflow modelling for financial planning
  • Loan and bond valuation
  • Net present value analysis for projects
  • Pension & retirement benefit design

 

 CM1 Exam Structure

Component

Format

Duration

CM1A – Theory

IAI: Computer-Based (MCQ)

IFoA: Written (MS Word)

3 hours 15 minutes (+5 min download)

CM1B – Practical

Excel-based

1 hour 45 minutes (+15 min upload)

Topic Weightings (IAI/IFoA)

Topic

Weightage

Theory of Interest Rates

25%

Equations of Value

20%

Life Models (Decrement, Joint Life, etc.)

20%

Premiums, Reserving, and Applications

35%

 

 

Passing Criteria

Institute

Pass Marks

IAI (India)

50% overall (min 30% in both A & B)

IFoA (UK)

55% – 65% (varies by session)

 

S MONK Tips to Ace CM1

  • Focus on TVM, annuities, loan schedules, & cashflow models
  • Practice Excel early – shortcuts, PV/FV formulas, VLOOKUPs
  • Solve past year papers and give mock tests regularly
  • Revise at least twice before final practice