The actuarial profession recognized and appreciates the exceptional degree of public trust that is bestowed upon it and, accordingly, acknowledges its corresponding responsibility to fulfill its duty to the public by maintaining a high level of professionalism among its members. Candidates must successfully complete rigorous educational programs and achieve significant levels of appropriate experience before being admitted to membership in the actuarial profession. They are required by their membership organizations to meet high standards of professional integrity and competence. The establishment and maintenance of uncompromising professional standards helps actuaries maintain their reputation for being responsible, competent, objective and ethical. In Bangladesh, there are about 73 banking and non-banking financial institutes and 62 life and non-life insurance companies are operating business. Apart from, Govt. is also handling retirement benefit, gratuity benefit, provident fund benefits for its employees where actuarial application is very much important for the financial management. The most important part of these activities is being done by the actuaries from out side Bangladesh.