Who is eligible for exemptions?
Members who joined the IFoA before 17:00 (BST) on the 31 July 2019 and hold the exam passes for subjects sat with the Institute of Actuaries India (IAI) until 31 December 2021 maybe eligible for exemption from certain subjects. It should be noted that for the IAI December 2018 examinations, the IFoA will not be recognising IAI passes achieved.
Members holding exemptions under the previous IFoA curriculum must have been awarded passes in both CT1 and CT5 to be granted CM1 and both CT4 and CT6 to be granted CS2. These exam passes must have been awarded before 31 December 2018.
Student members have until 31 December 2022 to claim their exemptions.
Who is not eligible for exemptions?
Members who joined the IFoA after 17:00 (BST) on the 31 July 2019 are not eligible for exemptions based on the exam passes from the Institute of Actuaries in India. If you joined the IFoA after the 31st July 2019, please see the Transfer of Prior Learning category for further details before you consider IFoA student membership. If you joined the IFoA on or before 31 July 2019, but subsequently resigned or lapsed your membership, for a short period of time ( normally less than 12 months), you should contact Education Services to discuss your case.
From 1 January 2023 onwards the IFoA will not be accepting any applications for exemptions from the Institute of Actuaries in India.
Exemptions available under the current curriculum are listed below.
| Institute of Actuaries of India exam | IFoA Fellowship exemptions |
|---|---|
| Any of CM1, CM2, CS1, CS2, CB1 and CB2 (If sat and passed between January 2019 and December 2021) | The corresponding CS, CM or CB exams |
| CB3 (If sat and passed between January 2019 and December 2021) | CB3 |
| CP1 (If sat and passed between January 2019 and December 2021) | CP1 |
| CP2 (If sat and passed between January 2019 and December 2021) | CP2 |
| CP3 (If sat and passed between January 2019 and December 2021) | CP3 |
|
Any two SP subjects ((If sat and passed between January 2019 and December 2021). Exemptions are not given for these exams individually. You must have passed both exams. |
The corresponding SP exams |
Exemptions available under the previous curriculum are listed below.
| Institute of Actuaries of India exam | IFoA Fellowship exemptions |
|---|---|
| Any of CT1, CT2, CT3, CT4, CT5, CT6, CT7 or CT8 (If sat and passed between May 2005 and September 2018 exam sessions) | The corresponding CT exams |
| CT9 (If sat and passed between June 2013 and December 2018 exam sessions) | CT9 |
| CA1 (If sat and passed between May 2005 and September 2018 exam sessions) | CA1 |
| CA2 (If sat and passed between May 2005 and 4 March 2015 exam sessions. This is because the structure of our CA2 exam changed significantly in March 2015) | CA2 |
| CA3 (If sat and passed between May 2005 and 8 July 2017 exam sessions. This is because the IFoA's CA3 exam was replaced by CP3 from September 2017) | CA3 |
|
Any two ST subjects (Awarded after 1 May 2005, excluding ST3 which is no longer part of the IFoA syllabus) Exemptions are not given for these exams individually. You must have passed both exams. |
The corresponding ST exams |
For students with degrees from universities in India
Applications for exemptions from IFoA exams based on degrees gained from Indian universities will only be considered from students who have graduated from:
- the Indian Statistical Institute
- an Indian Institute of Technology, or
- an Indian Institute of Management
The IFoA will not grant exemptions based on qualifications from any other universities in India.
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TPR Climate Change Guidance Consultation
17 August 2021
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri -
September 2021 - Exam Preparation Techniques Webinar
23 August 2021.
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This session will examine the megatrends and themes driving the Future of Work across the Financial Services industry, and how Covid-19 has accelerated new future work priorities with a particular focus on hybrid work and leadership mindset and capabilities. -
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them. -
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.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s 
This session will examine the megatrends and themes driving the Future of Work across the Financial Services industry, and how Covid-19 has accelerated new future work priorities with a particular focus on hybrid work and leadership mindset and capabilities.
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
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.