Download
Member
Subscription/Renewal Form
March 21, 2009
Admission/Subscription fees charged by
the Institute
A.
The annual subscription falls due on 1st
April every year. The annual Subscription for the year
2009-10 falls due on 1st April 2009. The current
Admission/Subscription rates have been revised with effect
from 1st April 2009 as under:
|
Class of
Membership |
Existing fee for
Resident in India (Rs.) |
Revised fee for
Resident in India (Rs.) |
Existing fee for
resident in rest of the world (Rs.) |
Revised fee for
resident in rest of the world (US $ )
|
|
Fellows/Affiliates |
1,500 |
2,000 |
3000 |
140 |
|
Associates |
750 |
1,000 |
2,250 |
100 |
|
Students
|
300 |
500 |
1,500 |
70 |
|
For Fellows and
Associates above age 60, and not gainfully engaged
in Practice or Profession, the subscription is Rs.
500/- |
|
Institute accepts
Life subscription from members who have completed 60
years of age. The amount of life subscription will
be 10 times the appropriate annual subscription. |
|
Members above 75
years of age are exempted from paying subscription. |
The payment for the
current year (2009-10) should reach IAI office on or before
30th June 2009.
B Mode of payment
: The annual subscription may be paid by
Demand Draft / Pay Order, drawn in favour of “Institute of
Actuaries of India”, payable at Mumbai. Please indicate
your full name, Class of membership (Fellow, Affiliate,
Associate or Student) & “Subscription for the year (mention
year)” at the back side of DD/Pay Order and on Renewal
Form.
We would like to
inform you that any payment made by cash or consolidated
payments would not be accepted.
Those who are residing
outside India can also make the payment through wire
transfer. The bank details are as under;
Please go through this
procedure of Wire-transfer in (Foreign Currency)
Beneficiary
Name: - Institute of Actuaries of India
Credit Bank of India, Mumbai
Treasury Branch A/c. no.
0003325000 with Bank of India, New York
(BKIDUS33) for further
credit to A/c 001710110002970 – Institute of Actuaries
of India
With Bank of India D.N. Road
Fort, Mumbai – 400 001.
Swift Code: BKIDINBBDNR
Bank charges for
remittance, if any, are to be borne by the sender.
Institute requires full amount in dollars as mentioned
above.
Please send us your
Payment UTR No.
After the payment has been
made through wire transfer, members are requested to inform
Mr. Ravi Mastekar (Accounts) at
ravi@actuariesindia.org
with copy to Ms. Vijaya Bhosle (Subscription) at actsoc@actuariesindia.org
for confirming the receipt. They should give the details
such as(i) Name, (ii) Date of Transfer, (iii) Amount so that
the amount received by us is promptly and properly linked.
In case the members do not send any communication to IAI in
this regard, the Institute can not adjust the amount and
your membership may cease.
P.S.: Those who have
already paid Subscription for the year 2009-10 at old rates
are requested
to send the
difference in amounts to the Institute immediately.
C Reinstatement will
be sought as per the following terms and conditions.
i)
If the request for reinstatement is received within
three months of his/her ceasing to be a member, the payment
of the annual subscription plus a penalty of 25% thereon.
(Applies to members whose subscription is outstanding only
for the current year).
ii)
If the request for reinstatement is received after
three months of his ceasing to be a member, he/she has to
pay existing annual subscription, in addition to penalty of
50% of the annual subscription prevailing at the time of
reinstatement. (Applies to members whose subscription is
outstanding only for the current year).
iii)
Where subscription is in arrears for more than one
year, reinstatement subject to approval of Council can be
made on payment of subscription for 2 years together with
penalty of 50% on the current annual subscription.
(AGD Wagle)
Secretary General
Note :- You are requested to reconfirm
your Communication Address along with your email &
Telephone number while sending the subscription so
as to enable us to serve you
better.
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