Applications from individuals who hold passes from the Institute of Actuaries of India will be considered subject to the guidelines detailed below.
It should be noted that for the IAI December 2018 examinations, the IFoA will not be recognising IAI passes achieved.
The IFoA is currently unable to confirm whether we will be recognising IAI examination passes achieved after January 2019. The changes occurring in both the IFoA and IAI curriculum and examinations from January 2019 means the IFoA has to receive and carry out an audit of the IAI 2019 materials as well as compare the two examination systems before a final decision can be made.
We will keep students informed of progress through our student newsletter and this webpage.
Students will have until 31 December 2023 to claim any exemptions from the IFoA for passes achieved from the IAI examinations as per the guidelines below.
In order to gain an exemption from CM1 students must have
- obtained passes in both CT1 and CT5 from the IAI examinations within the exam sessions detailed below and claimed this from the IFoA by 31 December 2023
- obtained a pass in either CT1 or CT5 with the IFoA and a pass in other subject from the IAI examinations within the exam sessions detailed below and claimed the exemption from the IFoA by 31 December 2023
In order to gain an exemption from CS2 students must have
- obtained passes in both CT4 and CT6 from the IAI examinations within the exam sessions detailed below and claimed this from the IFoA by 31 December 2023
- obtained a pass in either CT4 or CT6 with the IFoA and a pass in other subject from the IAI examinations within the exam sessions detailed below and claimed the exemption from the IFoA by 31 December 2023
| 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 will be 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) | The corresponding ST exams |
| Earlier Institute of Actuaries of India exams | |
|---|---|
| Exams passed between November 2000 and 1 May 2005 | If you passed the 100 series exams and subject 201 under the previous Institute of Actuaries of India syllabus we can grant exemptions from our corresponding exams under the current syllabus. Please contact the Education Services Team for more information. |
| Exams passed before November 2000 | If you passed Institute of Actuaries of India exams before November 2000 please contact the Institute of Actuaries of India in the first place. |
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.
Related documents
-
Application form for use when applying for exemptions
7 January 2019
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General information and practical advice that will be useful in your studies
Contact Details
Education Services Team
education.services@actuaries.org.uk
Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD
We aim to respond to all enquiries within two working days.