Types of Membership
Student
Before a candidate starts taking any examinations, he must be admitted as a student member of the Institute of Actuaries of India. For further information please call up at +91 022 67843333 or send mail to This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Criteria for Student Membership.
Associate
Students members who have passed all the subjects of CT series and all CA subjects are eligible, on application, to become Associate Member of the Institute. An Associate member is entitled to use the designatory letters "AIAI".
Affiliate Members
A person who is a Fellow Member, or is a holder of membership considered equivalent to the Fellow Membership of the IAI, of any other institution, whether located in India or not, having objects wholly or substantially similar to those of the Institute, on application, is admitted as an Affiliate Member. An Affiliate member is not entitled to use the designatory letters "FIAI"
Fellow
A member of the Institute of Actuaries of India, on application, is admitted as a Fellow member subject to following;
- A student member who has passed all the examinations of CT, CA, ST (Any two out of six) and SA (any one out of six) series, has attended 2-days mandatory India Fellowship Seminar on ‘India specific Legislation, environments, practices and Professionalism', and has work experience as under :
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Application for admission as FIAI |
Minimum work experience required |
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On or after 01-01-2008 |
Three (3) Years |
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On or after 01-01-2007 but before 01-01-2008 |
Two (2) years |
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On or after 01-01-2006 but before 01-01-2007 |
One (1) year |
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Before 01-01-2006 |
None |
- An affiliate member who has had at least one year of India residence experience and has attended 2-days mandatory India FellowshipSeminar on ‘India specific Legislation, environments, practices and Professionalism’.
A Fellow member is entitled to use the designatory letters "FIAI"
Eligible candidates will be admitted to the appropriate class on submission of the required form duly filled and signed paying the subscription for the class for that current year along with the admission fee to that class of member, wherever applicable.
The rights and responsibilities of each class of member are described in detail in the booklet entitled "Memorandum of Association and Rules and Regulations", which is provided to anyone who is admitted to any class of Member for the first time. Any subsequent transfer, if any, to the other class of Member, may not attract payment of admission fee to that class of member.
Honorary Fellow Members
The Council of the Institute may, by a vote of not less than 2/3rd of all its members, recommend for election as an Honorary Fellow a person who, on account either of his position or of his eminence and his experience in matters relative to the profession of Actuary is considered to be able to render assistance in promoting the objects of the Institute and who is not professionally engaged in practice as an Actuary in India.
The recommendation is then published and balloted on at an Ordinary General Meeting with three-fourths of the total votes cast at the OGM being required for Election.
Honorary Fellows may attend OGM and take part in the discussion of the papers read thereat; they are, however, not entitled to vote. Honorary Fellows may use the initials Hon. FIAI
