SHRI. G. P. M.

DEGREE COLLEGE OF ARTS SCIENCE AND COMMERCE

ANDHERI (EAST), MUMBAI-400060

BACHELOR IN BANKING & INSURANCE.

PROJECT REPORT ON

ROLE OF ACTUARIES IN INSURANCE

SUBMITTED BY:

YADNIKA JAVALEKAR

T.Y.B.B.I ( SEMESTER 6)

PROJECT GUIDE:

PROF. BHAVIN PATEL

UNIVERSITY OF MUMBAI

ACADEMIC YEAR :

2018-19
 INBOX
Sr no Chap topics Page no
no.
1 1 INSURANCE

2 2 TYPES OF INSURANCE

3 3

4 4

5 5

6 6

7 7
What is insurance?
Insurance is a means of protection from financial loss. It is a form of risk
management, primarily used to hedge against the risk of a contingent
or uncertain loss.An entity which provides insurance is known as an
insurer, insurance company, insurance carrier or underwriter. A person
or entity who buys insurance is known as an insured or as a
policyholder. The insurance transaction involves the insured assuming a

guaranteed and known relatively small loss in the form of payment to

the insurer in exchange for the insurer's promise to compensate the
insured in the event of a covered loss. The loss may or may not be
financial, but it must be reducible to financial terms, and usually
involves something in which the insured has an insurable interest
established by ownership, possession, or pre-existing relationship.

The insured receives a contract, called the insurance policy, which

details the conditions and circumstances under which the insurer will
compensate the insured. The amount of money charged by the insurer
from the insured for the coverage set forth in the insurance policy is
called the premium. If the insured experiences a loss which is
potentially covered by the insurance policy, the insured submits a claim
to the insurer for processing by a claims adjuster. The insurer may
hedge its own risk by taking out reinsurance, whereby another
insurance company agrees to carry some of the risk, especially if the
primary insurer deems the risk too large for it to carry.
Types of Insurance

Life Insurance General Insurance

Term Life Money-back policy Unit-Linked Insurance Plan Pension

Plans Motor Insurance Home Insurance Health Insurance Fire
Insurance

What is Life Insurance

Life insurance is a contract that offers financial compensation in case of

death or disability. Some life insurance policies even offer financial
compensation after retirement or a certain period of time. Life
insurance, thus, helps you secure your family’s financial security even in
your absence. You either make a lump-sum payment while purchasing a
life insurance policy or make periodic payments to the insurer. These
are known as premiums. In exchange, your insurer promises to pay an
assured sum to your family in the event of death, disability or at a set
time.

Life insurance can help you support your family even after retirement.
Depending on what it covers, Life insurance can be classified into
various types:

Term Insurance - It is the most basic type of insurance.

- It covers you for a specific period.

- Your family gets a lump-sum amount in the case of your death.

- If, however, you survive the term, no money will be paid to you or
your family.

Whole Life Insurance - It covers you for a lifetime.

- Your family receives a certain sum of money after your death.

- They will also be entitled to a bonus that often accrues on such

amount.

Endowment Policy - Like a term policy, it is also valid for a

certain period.

- A lump-sum amount will be paid to your family in the event of

your death.

- Unlike a term plan, you get the maturity proceeds after the term
period.

Money-back Policy - A certain percentage of the sum assured

will be paid to you periodically throughout the term as survival benefit.

- After the expiry of the term, you get the balance amount as
maturity proceeds.

- Your family gets the entire sum assured in case of death during
the policy period. This is regardless of the survival benefit payments
made.

Unit-linked Insurance Plans (ULIPs) - Such products double up as

investment tools.

- A part of your premium goes towards your insurance cover- The

remaining amount is invested in Debt and Equity.
- A lump-sum amount will be paid to your family in the event of
your death.

Child Plan - This ensures your child’s financial security.

- In the event of your death, your child gets a lump-sum amount.

- The insurer pays the premium amounts after your death.

- Your child will continue to get a certain sum of money at specific

intervals.

Pension Plans - This helps build your retirement fund.

- You can get a regular pension amount after retirement.

- In the case of your death, your family can claim the sum assured.

Tax Benefits

Life insurance not only ensures the well-being of your family, it also
brings tax benefits.

The amount you pay as premium can be deducted from your total
taxable income.

However, this is subject to a maximum of Rs 1.5 lakh, under Section 80C

of the Income Tax Act.

The premium amount used for tax deduction should not exceed 10% of
the sum assured.
What is a general insurance?.
A general insurance is a contract that offers financial compensation on
any loss other than death. It insures everything apart from life. A
general insurance compensates you for financial loss due to liabilities
related to your house, car, bike, health, travel, etc. The insurance
company promises to pay you a sum assured to cover damages to your
vehicle, medical treatments to cure health problems, losses due to
theft or fire, or even financial problems during travel.

Simply put, a general insurance offers financial protection for all your
assets against loss, damage, theft, and other liabilities. It is different
from life insurance.

Let us help you understand better:

Situation 1 Situation 2 Situation 3

You plan to propose to your girlfriend on the Eiffel Tower.

You already finalised the deal with a jeweller in Paris.

But, things don’t go as planned and you meet with an accident there.
You cannot stop celebrating your new car. You hit the roads with
your latest possession.

Everything goes well until a car suddenly tries to overtake you. It leaves
huge dents and dislocates your left mirror. Your daughter wants to
become a pilot.

You save all your disposable income to fund her dreams.

Unfortunately, you fall severely ill.

Your treatment requires Rs. 50,000. But, still paid for that dainty piece
of jewellery. Your new baby on the block needs repairs worth Rs.
30,000. Yet, you have a smile on your face. You need Rs. 2 lakh for
your treatment immediately. Yet, you also easily pay your daughter’s
course fees.

HOW?

Your Travel insurance made you ready for emergencies.

It paid for the expenses related to your accident. You could, thus, go
ahead and surprise your partner with a diamond ring without worrying
about the treatment costs. The dent in your car didn’t cause a dent in
your pocket.

Your motor insurance’ own damage cover paid for your car’s damages
caused by the accident. In fact, the insurer settled the bill directly at the
garage. You didn’t face a dilemma of choosing one over the other
and compromise your daughter’s future. Your health insurance took
care of your treatment costs. Your savings, thus, remained unaffected
by your sudden illness.

As you can see, General Insurance can be the answer to life’s various
problems. But, for that, you need to select the right insurances from
the myriad ones available.
What are the types of General Insurance available? / What
all can be insured?
You can get almost anything and everything insured. But there are five
key types available:

Health Insurance

Motor Insurance

Travel Insurance

Home Insurance

Fire Insurance

Health Insurance

This type of general insurance covers the cost of medical care. It pays
for or reimburses the amount you pay towards the treatment of any
injury or illness.

It usually covers:

Hospitalisation

The treatment of critical illnesses

Medical bills prior to or post hospitalisation

Day care procedures like Cataract operations

You can also opt for add-on benefits like:

Maternity cover: Your health insurance covers you for the costs related
to childbirth. This includes pre-delivery check-ups, hospitalisation
during delivery, and post-natal care.

Pre-existing diseases cover: Your health insurance takes care of the

treatment of diseases you may have before buying the health insurance
policy.

Accident cover: Your health insurance can pay for the medical
treatment of injuries caused due to accidents and mishaps.

Your health insurance can also help you save tax. Your premium
payment can reduce your taxable income.

For Tax deduction on the premium amount Total

Self Rs. 25,000 (Rs. 30,000 if you are a senior citizen) Rs. 25,000 (or
Rs. 30,000)

Parents, who are senior citizens Rs. 30,000 Rs. 55,000 (or Rs. 60,000)

Senior citizen = Individual aged 60 or over

Motor Insurance

Motor insurance is for your car or bike what health insurance is for your
health.

It is a general insurance cover that offers financial protection to your

vehicles from loss due to accidents, damage, theft, fire or natural
calamities

You can also get motor insurance for your commercial vehicles.In India,
you cannot drive or ride without motor insurance.Let’s look at the two
key types:
1. Car Insurance

It’s precious—your car. You paid lakhs of rupees to buy that beauty.
Even a single scratch can be painful, forget about bigger damages.

Car insurance can reduce this pain for a few thousand rupees.

How it works:

Types of Insurance
- Acko

What the insurer will pay for depends on the type of car insurance plan
you purchase

2. Two-wheeler Insurance

This is your bike’s guardian angel. It’s similar to Car insurance.

You cannot ride a bike or scooter in India without insurance.

How it works:

As with car insurance, what the insurer will pay depends on the type of
insurance and what it covers.

Types of Motor Insurance:

Third Party Insurance Comprehensive Car Insurance

Compensates for the damages caused to another individual, their

vehicle or a third-party property. Covers all kinds of damages and
liabilities caused to you or a third party. It includes damages caused by
accidents, sabotage, theft, fire, natural calamities, etc.

You can increase your insurance protection with these Add-on covers
for your car and bike insurance:

For more details about Motor Insurance, click here.

Travel insurance

A travel insurance compensates you or pays for any financial liabilities

arising out of medical and non-medical emergencies during your travel
abroad or within the country.

There are two types of Travel Insurance.

Single Trip Policy Annual Multi Trip

It covers you during a trip that lasts under 180 days. It covers you for
several trips you take within a year.

What all does travel insurance usually cover?

Loss of baggage

Emergency medical expenses

Loss of passport

Hijacking

Delayed flights

Accidental death
Home Insurance

Home insurance is a cover that pays or compensates you for damage to

your home due to natural calamities, man-made disasters or other
threats.

it covers liabilities due to fire, burglary, theft, flood, earthquakes, and

sabotage. It not only offers financial protection to your home, but also
takes care of the valuables inside the property.

Some of the common types of home insurance are:

Standard fire and special perils policy This covers your home against
fire outbreaks and special perils.

The dangers covered are:

- Natural calamities like lightening, flood, storm, earthquake, etc.

- Damage caused due to overflowing or bursting of water tanks,

pipes, etc.

- Damage caused due to man-made activities such as riots, strikes,

etc.

Home structure insurance This protects the structure of your home

from any kinds of risks and damages.

The cover is also extended to the permanent fixtures within the house
such as kitchen and bathroom fittings.

Public liability coverage The damage caused to another person or

their property inside the insured home can also be compensated.

Content Insurance This covers the content inside the insured home.
What’s commonly covered: Television, refrigerator, portable
equipment, etc.

Fire Insurance

Fire insurance pays or compensates for the damages caused to your

property or goods due to fire.

It covers the replacement, reconstruction or repair expenses of the

insured property as well as the surrounding structures.

It also covers the damages caused to a third-party property due to fire.

In addition to these, it takes care of the expenses of those whose

livelihood has been affected due to fire.

Types of fire insurance

Some of the common types are:

Valued policy The insurer firsts value the property and then
undertakes to pay compensation up to that value in the case of
lossdamage.Floating policy It covers the damages to properties lying at
different places.

Comprehensive policy This is known as an all-in-one policy.

It has a wide coverage and includes damages due to fire, theft,

burglary, etc.
Specific policy This covers you for a specific amount which is less than
the real value of the property.

How to buy Insurance?

You can buy in 4 simple steps:

Step 1:

KNOW WHAT YOU NEED

Understand the covers you need based on personal requirements.

Get all the important details. For example, in the case of motor
insurance get details such as the manufacturing date of the vehicle,
engine specifications, etc. For health insurance, check whether you
need insurance for self or the entire family.

This initial assessment will help you get an idea about the coverage that
you need.

Step 2:

CHECK OPTIONS AVAILABLE

Compare the benefits offered.

Check the add-ons offered

Don’t forget to read the exclusions

What’s the sum assured?Are there any extra services offered

Step 3:

PICK THE RIGHT PLANSelect the plan that best suits your
requirements.Reach out to the company offering the plan.
Step 4:

PAY PREMIUM

Fill in the application and pay the premium.

You can do it online on the insurer’s website.

You can also buy from a broker or the dealership.

What does insurance not cover?

Your policy may not cover liabilities in certain situations. These are
known as exclusions.

Let’s have a look at a few of them.

Life If death occurs due to:

- Alcohol or drug abuse

- War or terrorism

- Suicide or self-inflicted injuries

- Gross negligence or carelessness

Car - Damage caused when the policy is not active

- Loss of personal belongings kept in the car

- Damage to a car that is not insured

- Damage caused when driving without a license

- Damage caused when driving under the influence of alcohol or
drugs

- Damage due to wars, mutiny or nuclear risks

Bike - Damage due to war, mutiny or nuclear risk

- Normal wear and tear and general ageing

- Tire or tube punctures. (If, however, your two-wheeler is

damaged at the same time, you will be compensated for 50% of the
cost of repair or replacement

- Mechanical or Electrical breakdown

- Any loss or damage caused outside India

Health - Hospitalisation due to war or related activities

- Medical condition due to abuse of intoxicants or hallucinogenic

substances

- Any medical condition existing before buying the policy during the
waiting period

- Non-allopathic therapies such as acupuncture, yoga,

naturotherapy, etc.

- Diagnostic charges if the reports do not confirm the existence of

the covered disease

- Self-inflicted injuries

Travel - Travelling against the advice of the physician

- Baggage delay for less than 24 hours

- Psychological illness or self-inflicted injuries during your trip

- War or civil unrest in international locations

- Participation in hazardous sports like bungee jumping,

parachuting, etc.

Home - Wilful destruction of the property

- Damages caused due to wear and tear

- Damages caused due to war

- Loss of money kept inside the property

- Loss to a property that has remain unoccupied for a certain period

Fire Loss or damage caused to the property due to:

- Nuclear perils

- War or related activities

- Pollution or contamination

- Mechanical or electrical breakdowns

How much does insurance cost?

Your insurance costs depend on your premium amount. This premium

amount depends on several factors that differ from insurance to
insurance. Here’s a look:

Life Insurance

Age
Health (past and current)

Your occupation

The type of coverage/plan

Your smoking and drinking habits

The sum assured

Motor/Auto Insurance:

Make-Model of the vehicle

The type of coverage/plan

The value, age of your vehicle

Your claim history

Travel Insurance

The sum assured

The type of coverage/plan

Age

Your health

The location of travel

Health Insurance

Your family health history

The sum assured

The type of coverage/plan

Your age and gender

Your health history

Home Insurance

The size of your home

The type of coverage/plan

The age of your home and the systems installed therein

The location of your home

The sum assured

You can also use online calculators to check the premium amount.

How to use the insurance money?

You have to make a claim against your insurance policy.Give details

about the loss you suffered. This differs from insurance to insurance.

What is an Actuary?
An actuary is a business professional who analyzes the financial
consequences of risk. Actuaries use mathematics, statistics, and
financial theory to study uncertain future events, especially those of
concern to insurance and pension programs. Actuaries may work for
insurance companies, consulting firms, government, employee benefits
departments of large corporations, hospitals, banks and investment
firms, or, more generally, in businesses that need to manage financial
risk. A career as an Actuary is better described as a "business" career
with a mathematical basis than as a "technical" mathematical career.

Why would I want to be an Actuary?

Actuaries describe their work as challenging and interesting and
generally enjoy a good working environment. The Jobs Rated Almanac
has consistently rated "Actuary" as one of the top two or three jobs on
a variety of factors. (To check the current rating, click The 250 best
professions.. ) According to several studies, the profession is more open
than others to women and members of under-represented minority
groups. Actuaries are in high demand, with starting salaries ranging
from $45,000 to $55,000. The salary increments are based both on
experience and exams passed. The increments can may actuaries
earning triple digits. Most "well qualified" graduates (i.e. those with a
3.2 GPA and one exam) receive a number of job offers.

What is actuary?
An actuary deals with the business of insurance and is responsible for
many areas under the broad category of insurance. The actuary is an
individual who will analyze important data such as mortality, sickness,
injury and disability rates and use that information to aid those
involved with insurance.

4 Resposibilities of actuary.
1. Compiling and Reviewing Statistical Data

This is the first and the most important responsibility of the actuary.
Actuaries gather data on mortality, sickness, accidents, disability and
retirement within their community, as well as any other data that may
be relevant to their employer. They plug those variables into advanced
statisticual models to calculate how those variables would affect the
insurance beneficiaries in the future. The data that is produced is fairly
reliable.

2. Advising on Company Policies

Another responsibility is contract review. An actuary will review

contracts, insurance plans, annuity plans, pension plans and policies.
They look to see if those policies take the risks they calculated into
account and craft guidelines that would allow their employers to better
adapt to those risks.

3. Providing Expert TestimonyThe actuaries are sometimes asked to

provide testimony in lawsuits that revolve around insurance or risk in
general. Sometimes, they are asked to testify on the behalf of their
employees, but they are also asked to act as expert witnesses. They
may also be asked to testify in similar capacity when state and federal
legislatures are trying to create laws that have anything to do with
insurance companies.
4. Devising New Methods of Risk Analysis

While actuaries often rely on statistical models devised by other

actuaries or mathematicians in general, they are sometimes asked to
come up with new statistical models in order to evaluate risks for new
insurance policies, or modify existing models to account for
circumstances that did not previously exist. They may also be asked to
make existing models more exact and more efficient.

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Life insurance companies

As of October 2018, IRDAI has recognized 24 life insurance companies. Following is the list:[1]

List is arranged chronologically based on their recognition by IRDAI

# Company Sector Founded

1 Life Insurance Corporation of India Public 1956

2 HDFC Standard Life Insurance Co. Ltd. Private 2000

3 Max Life Insurance Co. Ltd. Private 2000

4 ICICI Prudential Life Insurance Co. Ltd. Private 2000

5 Kotak Mahindra Life Insurance Co. Ltd. Private 2001

6 Aditya Birla Sun Life Insurance Co. Ltd. Private 2000

7 TATA AIA Life Insurance Co. Ltd. Private

8 SBI Life Insurance Co. Ltd. Private 2001

9 Exide Life Insurance Co. Ltd. Private 2001

10 Bajaj Allianz Life Insurance Co. Ltd. Private 2001

11 PNB MetLife India Insurance Co. Ltd. Private 2001

12 Reliance Nippon Life Insurance Company Private

13 Aviva Life Insurance Company India Ltd. Private 2002

14 Sahara India Life Insurance Co. Ltd. Private

15 Shriram Life Insurance Co. Ltd. Private

16 Bharti AXA Life Insurance Co. Ltd. Private

17 Future Generali India Life Insurance Co. Ltd. Private 2007

18 IDBI Federal Life Insurance Co. Ltd. Private 2008

19 Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Private 2008

20 Aegon Life Insurance Co. Ltd. Private 2008

21 DHFL Pramerica Life Insurance Co. Ltd. Private

22 Star Union Dai-Ichi Life Insurance Co. Ltd. Private

23 IndiaFirst Life Insurance Co. Ltd. Private 2009

24 Edelweiss Tokio Life Insurance Co. Ltd. Private

Non-life insurance companies

As of October 2018, IRDAI has recognized 34 non-life insurance companies.[2]

Company Headquarters Founded

Acko General Insurance Mumbai 2016

Aditya Birla Health Insurance Mumbai 2015

Agriculture Insurance Company of India New Delhi 2002

Apollo Munich Health Insurance Gurgaon 2007

Bajaj Allianz General Insurance Pune 2001

Bharti AXA General InsuranceMumbai 2008

Cholamandalam MS General Insurance Chennai 2001

Cigna TTK Mumbai 1918

DHFL General Insurance Mumbai 2016

Digit Insurance Pune 2017

Edelweiss General Insurance Mumbai 2017

Export Credit Guarantee Corporation of India Mumbai 1957

Future Generali India Insurance Mumbai 2007

HDFC ERGO General Insurance Company Mumbai 2002

ICICI Lombard Mumbai 2001

IFFCO TOKIO General Insurance New Delhi 2000

Kotak Mahindra General Insurance Mumbai 2015

Liberty General Insurance Mumbai 2013

Magma HDI General Insurance Mumbai 2009

Max Bupa Health Insurance New Delhi 2008

National Insurance Company Kolkata 1906

New India Assurance Mumbai 1919

Raheja QBE General Insurance Mumbai 2007

Reliance General Insurance Mumbai 2000

Reliance Health Insurance Limited Mumbai 2017

Religare Health Insurance Company Limited Gurgaon 2012

Royal Sundaram General Insurance Chennai 2000

SBI General Insurance Mumbai 2010

Shriram General Insurance Jaipur 2008

Star Health and Allied Insurance Chennai 2006

Tata AIG General Insurance Mumbai 2001

The Oriental Insurance Company New Delhi 1947

United India Insurance Company Chennai 1938

Universal Sompo General Insurance Company Mumbai 2007

Reinsurance companies

As of February 2018, IRDAI has recognized two reinsurance companies.[3]

Company Headquarters Founded

General Insurance Corporation of India Mumbai 1972

ITI Reinsurance Limited Mumbai 2016

References

"Updated List of Life Insurers". IRDAI. 31 October 2018. Retrieved 14 November 2018.

"List of Non-life insurer". IRDAI. 31 October 2018. Retrieved 14 November 2018.

"List of Re-insurers". IRDAI. 19 February 2018. Retrieved 14 November 2018.

External links

Insurance Regulatory & Development Authori

"Education Curriculum 2019 Release of Study Material"

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Syllabus for ACET Examination will include the following

1) Mathematics

2) Statistics
3) English

4) Data Interpretation

5) Logic

1) Mathematics

a) Notation and standard functions

b) Numerical Methods

c) Algebra

d) Differentiation

e) Integration

f) Vectors

g) Matrice

2) Statistics

a) Permutations and combinations

b) Types of data

Statistical diagrams, bar chart, histogram, dot plot, stem-and-leaf,

boxplot

c) Measures of location

mean, median, mode

d) Measures of spread
 range, interquartile range, standard deviation, variance, Skewness

e) Probabilities

basic rules of probabilities

f) Advanced probabilities

tree diagrams, conditional probabilities

g) Discrete random variables

definitions, probabilities, mean, mode, median, standard

deviation, variance, coefficient of skewness

h) Continuous random variables

definitions, probabilities, mean, mode, median, standard

deviation, variance, coefficient of skewness

i) Discrete distributions

discrete uniform, Bernoulli, binomial, Poisson

j) Continuous distributions

continuous uniform, exponential, the normal distribution

k) Correlation

scatter plots, covariance, correlation coefficient

l) Regression

3) English
 a) Vocabulary Based (Synonyms Antonyms)

b) English Usage or Grammar

c) Sentence Correction

d) Fill in the blanks

e) Cloze Passage

f) Analogies or Reverse Analogies

g) Jumbled Paragraph

h) Meaning-Usage Match

i) Summary Questions

j) Verbal Reasoning

k) Facts / Inferences / Judgements

l) Reading Comprehension

Vocabulary: Vocabulary questions test the candidate’s knowledge of

the primary meanings of words, secondary shades of meaning, usage,
idioms and phrases, antonyms, related words, etc.

Grammar: Grammar-based questions test the candidate’s ability to spot

and correct grammatical errors. It should generally tests knowledge of
high school level grammar and includes areas like subject-verb
agreement, use of modifiers, parellel construction, redundancy, phrasal
verbs, use of articles, prepositions, etc.
Verbal Reasoning: Verbal reasoning questions are designed to test the
candidate’s ability to identify relationships or patterns within groups of
words or sentences.

4) Data Interpretation

Data is given in form of tables, charts and graphs. In this section it is

tested that how can you interpret the given data and answers the
questions based on it.

a) Tables

b) Column Graphs

c) Bar Graphs

d) Line Charts

e) Pie Chart

f) Venn Diagrams

g) Caselets

Combination of two or more types linked to each other.

5) Logical Reasoning

a) Number and Letter Series

b) Calendars

c) Clocks

d) Cubes

e) Venn Diagrams
 f) Binary Logic

g) Seating Arrangement

h) Logical Sequence

i) Logical Matching

j) Logical Connectives

k) Syllogism

l) Blood Relations

Reference Books for ACET Examination

1. TOMATO (Test Of Mathematics at Ten plus Two level published by ISI

2. How to Prepare for Verbal Ability and Reading Comprehension for

CAT by Arun Sharma and Meenakshi Upadhyay, Mc Graw Hill

3. How to prepare for Quantitative Aptitude for the CAT Editor: Arun
Sharma

4. Quantitative Aptitude for Competitive Examinations Editor: Abhijit

Guha

5. The Pearson and Guide to Verbal Ability and Logical Reasoning for
the CAT Editor: Nishit K. Sinha

6. Quantitative Aptitude for MBA Entrance Examinations Editor: R.S.

Aggarwal

7. High School English Grammar and Composition- Wren and Martin

8. Word Power Made Easy Editor: Norman Lewis

9. Problem Solving Strategies Editor: Arthur Engel

10. Challenge and Thrill of Pre-College Mathematics by New Age

International Publishers

11. Challenging Mathematical Problems with Elementary Solutions

Editors: A.M. Yaglom and I.M. Yaglom

12. An Excursion in Mathematics Editors: M. R. Modak, S. A. Katre, V. V.

Acharya, V. M. Sholapurkar

13. Problem Primer for the Olympiad Editors: C R Pranesachar, B J

Venkatachala, C S Yogananda

14. Trishna’s Data Interpretation and Logical Reasoning for the CAT and
other MBA Entrance Examinations

15. ACTED Study Material - FAC and STATS PACK+