# PFRDA Grade A Actuary Syllabus 2026: Paper 2 Topics > PFRDA Grade A Actuary syllabus 2026: Paper 2 topics in Insurance and Management, common for Phase I and Phase II, plus the Paper 1 subjects. Source: https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/syllabus/ Category: [PFRDA](https://bunkpoint.com/article/pfrda/) Guide: [PFRDA Grade A Actuary 2026](https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/) ## In short - The Actuary Paper 2 syllabus has two parts: Insurance and Management. - The Paper 2 syllabus is common for Phase I and Phase II. - Phase I Paper 1 covers English, Quantitative Aptitude, Reasoning and General Awareness. - Phase II Paper 1 tests English writing skills for all streams. 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](/article/pfrda/pfrda-grade-a-actuary-2026/). {{< callout type="official" >}} Read the [official notification on the PFRDA website](https://pfrda.org.in/documents/33652/212847/Recruitment+of+Officer+Grade+A+%28Assistant+Manager%29-2026.pdf) for the full syllabus text. {{< /callout >}} ## What is the PFRDA Grade A Actuary syllabus 2026 for Paper 2? Paper 2 has 50 questions and 100 marks. The [exam pattern](/article/pfrda/pfrda-grade-a-actuary-2026/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. | Phase | Paper 1 subjects | | -------- | -------------------------------------------------------------------------------------------------------------------------- | | Phase I | English Language, Quantitative Aptitude, Reasoning, and General Awareness including some questions on the financial sector | | Phase II | English writing skills, as a descriptive test of drafting skills | ## 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](/article/pfrda/pfrda-grade-a-actuary-2026/selection-process/) page for the cut-off rules. ## What can I read next? Go back to the [PFRDA Grade A Actuary 2026 pillar page](/article/pfrda/pfrda-grade-a-actuary-2026/) for key dates, call letters and pay. ## Frequently asked questions ### What is the PFRDA Grade A Actuary syllabus 2026? The Actuary stream Paper 2 syllabus has two parts, Insurance and Management. Paper 1 covers English, Quantitative Aptitude, Reasoning and General Awareness in Phase I, and English writing skills in Phase II. ### Is the PFRDA Actuary Paper 2 syllabus the same for Phase I and Phase II? Yes. The notification says the Paper 2 syllabus for the Actuarial Stream is common for both phases. One round of study for Paper 2 serves Phase I and Phase II. ### What topics are in Part 1 Insurance of the PFRDA Actuary syllabus? Part 1 covers the history of Indian insurance, principles of insurance, risk pooling, indemnity and insurable interest. It also covers legal foundations, group and health insurance, reinsurance, life insurance and annuities, valuation and solvency. ### What topics are in Part 2 Management of the PFRDA Actuary syllabus? Part 2 covers the nature and scope of management, management processes, leadership, human resource development, performance appraisal, motivation and morale, and corporate governance. Read the notification for the full list. ### Does PFRDA General Awareness include financial sector questions? Yes. The Phase I General Awareness section includes some questions related to the financial sector. It is part of Paper 1, which is common to all streams. See the [exam pattern page](/article/pfrda/pfrda-grade-a-actuary-2026/exam-pattern/) for marks and time. ## More in this guide - [PFRDA Grade A Actuary 2026](https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/): PFRDA Grade A Actuary 2026: Phase II is on 20 November 2026. Check IAI Core Principles eligibility, the age limit, pay scale and selection stages. - [Notification](https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/notification/): PFRDA Grade A Actuary notification 2026 (Advt. 03/2026) lists 30 posts, 2 in the Actuary stream. See vacancies, dates and the application fee. - [Eligibility](https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/eligibility/): PFRDA Grade A Actuary eligibility 2026: graduation, all seven IAI Core Principles subjects, a 30-year age limit on 31 July 2026 and relaxation rules. - [Selection Process](https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/selection-process/): PFRDA Grade A Actuary selection process 2026: three phases, one-fourth negative marking, cut-off rules and the 85% and 15% final weightage. - [Exam Pattern](https://bunkpoint.com/article/pfrda/pfrda-grade-a-actuary-2026/exam-pattern/): PFRDA Grade A Actuary exam pattern 2026: Phase I and Phase II papers, 100 marks each, questions, time, negative marking and Phase II weightage.