What is AS-03?
AS-03 (Finance and Economics for Actuarial Science) is a compulsory Fellowship-level examination offered by the Insurance Institute of India (III). Finance and economics for actuarial science — corporate finance, economics and investment fundamentals.
How many questions are in the AS-03 exam?
The AS-03 exam has 100 MCQs to be answered in 120 minutes (2 hours). All questions must be attempted — there is no negative marking.
What is the pass mark for AS-03?
You need to score at least 60% to pass AS-03. Scoring 75% or above earns a Distinction grade.
How many credit points does AS-03 carry?
AS-03 carries 40 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.