FellowshipIC-28 · 2011 EditionActuarial: pick at least one
Foundation of Actuarial Science
Insurance Institute of India: Fellowship Examination
One of eight actuarial papers. Fellowship candidates must choose at least one. Covers the mathematical and statistical foundations of actuarial science.
✓15 chapters✓Chapter-wise practice tests✓1 full mock test (100 multiple choice questions · 2 hrs)✓Personalised study recommendations✓Subject tutor (available after purchase)
Individual module
₹1199/ 1 year access
IC-28 is included in the Fellowship Bundle, 6 papers for ₹3,999 →✓ Instant access after payment
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450verified practice questions
Across 15 chapters, every question reviewed and exam-aligned.
| Chapter | Chapter Name | Questions |
|---|---|---|
| 1 | Compound Interest, Accumulated Value, Present Value, Investment Returns | 30 |
| 2 | Level Annuities | 30 |
| 3 | Variable Annuities | 30 |
| 4 | Redemption of Loan | 30 |
| 5 | Further Compound Interest and Annuities Certain | 30 |
| 6 | Probability | 30 |
| 7 | Mortality Table | 30 |
| 8 | Construction of Mortality Tables | 30 |
| 9 | Well-Known Mortality Tables - Indices for Comparison of Different Mortality Tables | 30 |
| 10 | Life Assurance Premiums | 30 |
| 11 | Assurance Benefits | 30 |
| 12 | Life Annuities and Temporary Annuities | 30 |
| 13 | Net Premiums For Assurance Plans | 30 |
| 14 | Net Premiums For Annuity Plans | 30 |
| 15 | Premium Conversion Tables | 30 |
1 Mock Test
•100 random questions
•120 minutes
•Fresh questions every attempt
Draws from all 450 questions across every chapter, so no two attempts are the same.
Chapters in this module
1. Compound Interest, Accumulated Value, Present Value, Investment Returns • 30 MCQs
2. Level Annuities • 30 MCQs
3. Variable Annuities • 30 MCQs
4. Redemption of Loan • 30 MCQs
5. Further Compound Interest and Annuities Certain • 30 MCQs
6. Probability • 30 MCQs
7. Mortality Table • 30 MCQs
8. Construction of Mortality Tables • 30 MCQs
9. Well-Known Mortality Tables - Indices for Comparison of Different Mortality Tables • 30 MCQs
10. Life Assurance Premiums • 30 MCQs
11. Assurance Benefits • 30 MCQs
12. Life Annuities and Temporary Annuities • 30 MCQs
13. Net Premiums For Assurance Plans • 30 MCQs
14. Net Premiums For Annuity Plans • 30 MCQs
15. Premium Conversion Tables • 30 MCQs
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