PFRDA Grade A Actuary Syllabus 2026: Paper 2 Topics

The PFRDA Grade A Actuary syllabus 2026 has a stream paper and a general paper. The Actuary stream Paper 2 covers Insurance and Management. The notification says this syllabus is common for both phases. Go back to the PFRDA Grade A Actuary 2026 pillar page.

What is the PFRDA Grade A Actuary syllabus 2026 for Paper 2?

Paper 2 has 50 questions and 100 marks. The exam pattern page shows the time and weightage. The notification lists the Paper 2 topics in two parts.

Part 1: Insurance

• History of Indian insurance and the principles of insurance.
• Risk and uncertainty, pooling and diversification of risk, indemnity and insurable interest.
• Legal foundations of insurance and basics of group insurance, health insurance and pensions.
• Intermediation, reinsurance and group insurance (superannuation funds).
• Insurance lines and products: life insurance and annuities, health insurance, and liability risks and insurance.
• Valuation and solvency requirements.
• Specialist insurance lines in India: reinsurance, the General Insurance Corporation of India, obligatory cessions and retention of risk within the country.

Part 2: Management

• The nature and scope of management.
• Management processes: planning, organization, staffing, directing and controlling. The role of a manager in an organization.
• Leadership: the tasks of a leader, leadership styles and leadership theories. A successful leader versus an effective leader.
• Human resource development: the concept and goals of HRD, career planning, and training and development.
• Performance appraisal: potential appraisal and development, feedback and performance counselling, rewards and employee welfare.
• Motivation, morale and incentives: theories of motivation, how managers motivate and the concept of morale.
• Corporate governance: factors affecting corporate governance and mechanisms of corporate governance.

What is the PFRDA Grade A Paper 1 syllabus?

Paper 1 differs by phase. All streams take the same Paper 1.

How can I use the syllabus?

Study Paper 2 once, because it is common for both phases. Phase II marks carry 85% of the final marks, so give Paper 2 steady time. Read the selection process page for the cut-off rules.

What can I read next?

Go back to the PFRDA Grade A Actuary 2026 pillar page for key dates, call letters and pay.