Under the terms of the Mutual Recognition Agreement (MRA) between the Institute and Faculty of Actuaries and the Institute of Actuaries of India (IAI) you must:
- have attained full membership of the IAI by final examination in its examinations conducted in November 2000 or later including subject-specific exemptions granted by IAI for examinations of the Institute of Actuaries and Faculty of Actuaries (IFoA) and not in recognition of membership of another actuarial association
- attest that you wish to pursue actively the profession of actuary in the UK or the Republic of Ireland or to advise on UK or Irish business
- have at least three years’ recent appropriate practical experience of which at least one year must be of UK or Irish business
- have attended a Fellowship professionalism course which is accredited by the IFoA as equivalent to the IFoA Professional Skills Course; and
- at the same time as applying, disclose to the IFoA any public disciplinary sanctions that have been imposed against you by any actuarial organisation of which you are a member and authorise in writing the IAI to release relevant records to the IFoA concerning any adverse disciplinary determination, finding, sanction and/or penalty, to which you have been subject, in accordance with the IAI's disciplinary process. Such records will be taken into consideration by the IFoA in considering the application, and may be retained by the IFoA thereafter for as long as is reasonably necessary.
The full terms are set out in the IAI Mutual Recognition Agreement (MRA).
In order to begin the process, complete the Application for Consideration as a Fellow of the Institute and Faculty of Actuaries for Fellows of the Institute of Actuaries of India (IAI).
You must also include with your application:
- a recent letter from your actuarial body confirming your membership status
- a recent letter from your current employer confirming your length of employment
- proof of higher education (university) and professional qualifications
- proof of attendance at a professionalism course.
Your completed application must be sent to the Membership Team at the IFoA. Please check the application form and ensure you have included all relevant documents. You can send us digital copies of your signed application form and documents.
Related documents
Contact Details
If you have any questions about mutual recognition please contact or telephone:
We aim to respond to all initial enquiries within two working days.
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Events calendar
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ARC Webinar Series 2021: Modelling cancer risk: regional and socioeconomic disparities
30 September 2021
Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision. -
Sustainability Series: What will COP26 mean for investment?
6 October 2021
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.This event is part of The Road to Glasgow: IFoA’s Sustainability Thought Leadership Series which will provide a platform for prominent contributors so that our members and others can understand the perspectives of a wide range of parties interested in the climate debate.
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Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
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Sustainability Series: Climate Justice and Future Generations
12 October 2021How governments and societies collectively respond to the climate crisis is increasingly being analysed through the lens of intergenerational fairness. Our expert panel will assess and explore the extent to which inter-generous fairness is being considered in climate policies, the lessons from those countries who are leading the way on fairness and justice in climate interventions, and more. -
The Growth Mindset for Actuaries
13 October 2021 - 8 December 2021This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
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Sustainability Series: Opportunities for Insurers
14 October 2021 -
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
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What next for Mental Health in Insurance?
1 December 2021
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.
Cancer incidence and mortality vary by region and socioeconomic status. Modelling the structure development and trends of cancer risk is important for insurance purposes and can impact pricing and reserving in related health insurance fields such as critical illness insurance and care provision.
A panel discussion with investment representatives discussing the impact of investment on climate change and vice versa.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.