IFoA & IAI Examination Coaching

Every Course.
Every Format.
Until You Pass.

S.MONK prepares students for IFoA and IAI actuarial examinations through rigorous, outcome-focused coaching. Every course includes practical modelling or programming skills alongside exam theory — because passing the exam is only half the job.

78% exam pass rate
100% placement record
Max 30 students per batch
Pay Once Until You Pass
6+
Subjects Available
78%
Exam Pass Rate
3
Delivery Formats
30
Students Max per Batch
The S.MONK Difference

Four Things Every
S.MONK Course Includes.

01
Pay Once Until You Pass

If you complete the course and do not clear your exam, you return to the next batch at no additional coaching charge. This is not a marketing line — it is a financial commitment backed by genuine confidence in our teaching.

Requires 80%+ attendance and exam attempt within 12 months.

02
Maximum 30 Students

Every batch is hard-capped at 30 students. This is not a policy we inherited — it is one we built the school around. Every student gets questions answered, gets noticed when they fall behind, and gets taught, not just lectured to.

Batches fill quickly. Enrol early to secure your seat.

03
Excel & R Included Free

CM-series courses include Excel financial modelling practicals. CS-series courses include R programming from first principles. Both are included in the course fee — no separate charge, no optional add-on. Employers hire students who can use these tools.

04
Encrypted Offline App

All lectures are available on S.MONK's encrypted offline app. Download and study anywhere — on a train, during a commute, without internet. Content is secured and tied to your account, and remains accessible for the duration of your enrolment.

Core Papers — CM & CS Series

Technical Foundations
of the Actuarial Qualification

Actuarial Mathematics
IFoA · IAI · Core Technical
₹25,000
Pay Once Until You Pass
Live Offline — Mumbai Live Online Pre-Recorded

The mathematical foundation of the entire actuarial qualification. CM1 covers the time value of money, equation of value, life insurance and annuity models, and actuarial risk modelling — topics that every subsequent paper builds upon. Most students start here.

Time value of money Equations of value Life table models Insurance and annuities Pricing and reserving Actuarial risk models
Complete theory with worked examples and past paper solutions
Excel financial modelling practicals — included free
Weekly doubt-clearing sessions
Full mock examinations with detailed marking guidance
Encrypted offline app access for all lectures
Actuarial Statistics
IFoA · IAI · Core Technical
₹20,000
Pay Once Until You Pass
Live Offline — Mumbai Live Online Pre-Recorded

Statistical thinking and modelling applied to actuarial problems. CS1 covers probability theory, statistical inference, regression, Bayesian methods, and time series — alongside R programming so every concept is applied to real data, exactly as employers require.

Probability theory Statistical inference Regression models Bayesian statistics Time series analysis Generalised linear models
Complete theory with worked examples and past paper solutions
R programming practicals from first principles — included free
Weekly doubt-clearing sessions
Full mock examinations with detailed marking guidance
Encrypted offline app access for all lectures
Financial Engineering & Loss Reserving
IFoA · Core Technical
₹20,000
Pay Once Until You Pass
Live Offline — Mumbai Live Online Pre-Recorded

The intersection of financial economics and actuarial science. CM2 covers derivatives, option pricing, stochastic calculus, risk measures, and loss reserving — building the quantitative finance skills that open doors to investment and risk roles.

Derivatives and options Option pricing models Stochastic calculus Risk measures (VaR, CVaR) Loss reserving techniques Financial modelling
Complete theory with worked examples and past paper solutions
Excel financial modelling practicals — included free
Weekly doubt-clearing sessions
Full mock examinations with detailed marking guidance
Encrypted offline app access for all lectures
Risk Modelling & Survival Analysis
IFoA · Core Technical
₹25,000
Pay Once Until You Pass
Live Offline — Mumbai Live Online Pre-Recorded

Advanced statistical and probabilistic models for risk assessment. CS2 covers survival analysis, Markov chains, stochastic processes, extreme value theory, and credibility theory — with R programming applied to real actuarial datasets throughout.

Survival models Markov chains Stochastic processes Extreme value theory Credibility theory Data science applications
Complete theory with worked examples and past paper solutions
R programming for actuarial data analysis — included free
Weekly doubt-clearing sessions
Full mock examinations with detailed marking guidance
Encrypted offline app access for all lectures
Business Papers — CB Series

Finance and Economics
for the Modern Actuary

Business Finance
IFoA · Core Business
₹10,000
Pay Once Until You Pass
Live Offline — Mumbai Live Online Pre-Recorded

The financial decision-making framework that underpins how businesses operate. CB1 covers corporate finance, capital structure, investment appraisal, financial reporting, and working capital management — the business fluency every actuary needs to work effectively in any organisation.

Corporate finance principles Capital structure Investment appraisal Financial reporting Working capital Business valuation
Complete theory with worked examples and past paper solutions
Weekly doubt-clearing sessions
Full mock examinations with detailed marking guidance
Encrypted offline app access for all lectures
Business Economics
IFoA · Core Business
₹10,000
Pay Once Until You Pass
Live Offline — Mumbai Live Online Pre-Recorded

Economic principles applied to financial services and insurance. CB2 covers microeconomics, macroeconomics, market structures, monetary and fiscal policy — providing the economic context that shapes every industry an actuary works in.

Microeconomics Macroeconomics Market structures Monetary policy Fiscal policy Economic modelling
Complete theory with worked examples and past paper solutions
Weekly doubt-clearing sessions
Full mock examinations with detailed marking guidance
Encrypted offline app access for all lectures
Entry Level

Starting Your
Actuarial Journey

ACET — IAI Entry Exam
Actuarial Common Entrance Test

The official entry examination for student membership of the Institute of Actuaries of India. ACET tests mathematics, statistics, data interpretation, and English — and is the mandatory first step for anyone pursuing the IAI qualification pathway. S.MONK's ACET coaching covers every section of the syllabus with focused practice and timed mock tests.

₹2,000 Coaching fee · IAI exam fee paid separately to IAI
Enquire
Foundation Programme
Foundation in Actuarial Science

A structured introduction to the mathematical and statistical concepts that underpin the actuarial syllabus. Designed for students who want to build a strong foundation before attempting CM1, CS1, or ACET — particularly those coming from non-mathematics backgrounds or returning to study after a gap.

₹8,000 Full programme fee
Enquire
Common Questions

Before You Enrol,
Read This.

Both are excellent starting points and most students eventually do both. If you are stronger in calculus and financial mathematics, begin with CM1. If you are stronger in statistics and data, begin with CS1. If you are unsure, book a free counselling session and we will help you decide based on your background.
If you complete the full course, attend at least 80% of scheduled sessions, and attempt the relevant IFoA or IAI examination within 12 months — and do not pass — you are eligible to attend the next available batch of the same subject at no additional coaching charge. This applies to one re-attendance. It covers coaching fees only and does not include IFoA or IAI examination registration fees, which are paid directly to those bodies.
No. CS1 and CS2 include R programming from absolute first principles — no prior programming experience is required or expected. CM1 and CM2 include Excel financial modelling starting from the basics. You will not be left behind if you have never used either tool before.
Yes, and most of our students do. Live online batches are scheduled with working students in mind — evenings and weekends. Pre-recorded content lets you study entirely on your own schedule. Many S.MONK students are working professionals in their first or second actuarial roles studying for their next paper alongside their job.
IFoA is the UK body (Institute and Faculty of Actuaries) whose qualification is recognised globally across 100+ countries. IAI is the Indian body (Institute of Actuaries of India) established by an Act of Parliament, and is the official qualification for practising as a statutory actuary in India. CM1, CS1, and CB papers are common to both routes. S.MONK coaches for both pathways.
Course duration varies by subject and batch format. As a general guide: CM1 and CS1 run for approximately 16–18 weeks. CM2 and CS2 run for approximately 14–16 weeks. CB1 and CB2 are shorter at approximately 10–12 weeks each. Contact us for specific batch schedules and dates.
Format switches are handled on a case-by-case basis depending on batch availability. Students who need to travel or relocate mid-course are typically accommodated. The encrypted offline app means all previous sessions remain accessible regardless of format. Contact us before your batch starts to discuss your situation.

Your Next Batch Starts
18 April 2026.

All 6 subjects. All 3 formats. Maximum 30 students per batch. Seats fill before the deadline — not on it.