Education and Career Forum

Institute of Actuaries of India-Subject SA2- Life Insurance Paper is conceptualized in such a manner to test the knowledge of the student in the basic concepts of the paper. The topics which are most commonly questioned on in this paper include the differences between unit linked product and conventional product, designing of products while assessing its risks, pitching the product to the company, the principles of pricing a product and which methods are preferable, legislative limitations on the pricing of life insurance company products and so on. The questions in this paper are generally long answer type and the student is expected to demonstrate his complete and clear knowledge about the topics covered. Benefit illustrations, the role of board of directors and the probable oppositions that the launching of a product may face are also important topics to be covered. Thus, this paper must be approached conceptually in order for the student to score well.