Annual Membership – FAQs
1. When will be Annual Membership period starts?
Annual Membership will starts from every year in April.
2. How much is the Annual Membership Fee?
| Class of Membership | Fees in Indian Rupees (INRs.) |
| Fellows and Affiliates | 9,000+(18% GST) = 10,620 |
| Associates | 3,000+(18% GST) = 3,540 |
| Students | 2,000 |
5. How much is the Annual Membership Fee for those who are more than 75 years of age as on 1st April?
No Annual Membership.
7. If the transaction fail?
- Online payment transaction made was not successful however the debited amount will be credited back into your account within 8 - 10 working days if the payment was not transfer then contact to Accounts Manager at accounts@actuariesindia.org
- If the International card is not accepted then you can make payment through wire-transfer.
8. If the failure to make payment?
The payment should be made online on or before 30th June every year failing which membership will lapse resulting into removal of name from the register of the Institute.
9. How to reinstate Membership?
a. Members whose Annual Membership is outstanding only for year:
- If the request for reinstatement is received within three months (i.e. on or before 30th September) of his/her ceasing to be a member (after 30th June), the payment of the Annual
Membership fee plus a penalty of 25% thereon,
- If the request for reinstatement is received after three months (i.e after 30th September) of his ceasing to be a member, he/she has to pay the existing Annual Membership fee,
in addition to penalty of 50% of the Annual Membership fee
b. Members whose Annual Membership is outstanding for more than one year:
Where Annual Membership fee is in arrears for more than one year, reinstatement will be made on payment of 1.5 times of current year applicable Annual Membership fees for the number of
years where Annual Membership fee is in arrears, in addition to the current year Annual Membership fees.
Note:
For Students
Members whose Annual Membership fee is outstanding for more than ten years can do reinstatement of membership through offline mode only.
For Fellows Affiliates and Associates
Members whose Annual Membership fee is outstanding after 30th June can reinstate their membership offline only.
10. Whom do I contact regarding further details on reinstatement of Membership or any other matter relating to Annual Membership fee?
Kindly contact Ms. Prajakta Bhosle at actsoc@actuariesindia.org or at 022-62433333.
11. Whom do I contact in case the payment has failed for some reason?
Please contact Ms. Gauri Kothari (Head – Education and Examination) at headee@actuariesindia.org or at 022-62433338