IFoA can grant exemptions from some of your exams if you have passed the Institute of Actuaries of India exams
Students will have until 31 December 2022 to claim any exemptions from the IFoA for passes achieved from the IAI examinations as per the guidelines below.
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.
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 2022
- 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 2022
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 2022
- 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 2022
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.