The dates for the first Professionalism MCQ Examination will be announced shortly
Fellowship through the IAI Examination Route
The India Fellowship Seminar: Revised Format
Effective for candidates seeking admission as Fellow Members through the IAI Examination Route, Fellowship now requires two components — completed in a fixed order.
About IFS
Purpose of the IFS
The India Fellowship Seminar is a requirement for admission as a Fellow Member of the Institute of Actuaries of India. It provides professionalism education addressing ethics, governance, and India-specific regulation and practice relevant to the actuarial profession, and serves as a platform for deliberation on the standards expected of a Fellow.
The requirements described on this page apply to candidates seeking Fellowship through the IAI Examination Route. Candidates should confirm their own applicability against the Institute's official Announcement dated 27 August 2026.
Requirements
A Two-Part Requirement
Under the revised format, an eligible candidate is required to complete both of the following. Neither component, on its own, satisfies the requirement.
Professionalism MCQ Examination
An online, multiple-choice examination conducted by the Institute. A candidate must successfully complete this examination before becoming eligible to register for the IFS.
- Must be completed before IFS registration
- Examination pattern and syllabus are set out under Professionalism MCQ Examination
- Schedule, fees and registration process to be notified separately
India Fellowship Seminar
A one-day seminar. Candidates attending for the purpose of admission as FIAI must remain present throughout its scheduled duration.
- Completion is determined solely by verified attendance
- There is no separate pass/fail assessment during the seminar
For the avoidance of doubt: successful completion of the Professionalism MCQ Examination does not, by itself, constitute completion of the IFS requirement, and attendance at the IFS does not, by itself, constitute successful completion of the revised requirements. A candidate seeking admission as FIAI through the IAI Examination Route must successfully complete both.
Completion of both requirements satisfies the applicable professionalism and seminar requirements only. Admission as FIAI remains subject to all other eligibility requirements prescribed by the Institute.
Step 1 of the Revised Format
Professionalism MCQ Examination
The examination is designed to assess candidates' understanding of professional conduct, ethics, governance, and regulatory requirements relevant to the actuarial profession.
Examination Pattern
- Questions
- 30 Multiple Choice Questions (MCQs)
- Answer type
- Single correct answer for each question
- Maximum marks
- 30 1 mark per question
- Duration
- 60 minutes
- Negative marking
- No
- Passing score
- 60%
Syllabus
The examination will cover:
- Professional Conduct StandardsIAI Professional Conduct Standards (Version 4.0 / latest applicable version)
- Act, Rules, Regulations & PoliciesActuaries Act, 2006 (“Act”) and the Rules, Regulations and Policies formed under the Act
- GovernanceIAI Governance Structure, including Council, Committees & Advisory Groups, Quality Review Board, reporting relationships, and roles and responsibilities of governance bodies within the Institute
- Disciplinary ProcessRelevant provisions of the Actuaries Act, 2006 (sections relating to misconduct and disciplinary proceedings)
- Student Code of ConductCode of Conduct for Students of the Institute of Actuaries of India Standards (Version 1.0 / latest applicable version)
- APS/GN CoverageAPS 9, APS 34 and other non-subject-specific APSs and Guidance Notes as may be notified by the Institute from time to time. Subject-specific APSs/GNs relating exclusively to Life Insurance, General Insurance, Health Insurance, Pensions, Investments or other specialised practice areas shall not form part of the syllabus unless specifically notified.
Frequency and Mode
- Frequency
- Ordinarily conducted quarterly, in January, April, July and October
- Mode of examination
- Online Home-based Proctored Examination
Results
- Declaration of results
- Declared within 15 working days from the date of examination
- Marksheets and attendance certificates
- Issued within 5 working days of declaration of results
Transitional Provision
Candidates Who Already Hold a Completion Certificate
Candidates who attended the 46th India Fellowship Seminar, or any earlier IFS, and were issued a Completion Certificate are not required to complete the Professionalism MCQ Examination for that already-satisfied requirement.
The validity of an existing Completion Certificate continues to be governed by the Institute's existing requirements:
- a. Any remaining examination subjects must be passed within a maximum of three subsequent consecutive examination diets following the IFS.
- b. Unless admitted as FIAI within twenty-four (24) months, counted from the month immediately succeeding the month of the IFS, the candidate must attend the IFS again and obtain a new Completion Certificate.
The requirement to complete the Professionalism MCQ Examination applies only to candidates who have not completed the 46th IFS, or an earlier IFS, prior to the effective date notified by the Institute.
Updates
Updates and Notifications
The following will be notified separately by the Institute. This section will be updated as details become available — please check back rather than relying on unofficial sources.
- Examination schedule and registration process
- Examination fees
- IFS seminar date
- IFS registration process
- Implementation timelines
FAQs
Common Questions
Do I need to complete both the MCQ Examination and the IFS?
Yes. A candidate seeking admission as FIAI through the IAI Examination Route must successfully complete both the Professionalism MCQ Examination and the IFS. Neither alone satisfies the requirement.
Can I register for the IFS before completing the MCQ Examination?
No. A candidate who has not successfully completed the Professionalism MCQ Examination is not eligible to register for the IFS.
Is the IFS itself assessed by an examination?
No. Completion of the IFS is determined on the basis of verified attendance throughout its scheduled one-day duration. There is no separate pass/fail assessment during the seminar.
I already hold a Completion Certificate from the 46th IFS or an earlier seminar. Do I need to take the MCQ Examination?
No, not for the purpose of satisfying the IFS requirement that you have already completed. The existing validity conditions attached to your Completion Certificate continue to apply — see the Transitional Provision above.
Where can I find the Professionalism MCQ Examination syllabus, schedule, and fees?
The examination pattern and syllabus are set out under Professionalism MCQ Examination. The examination schedule and fees have not yet been notified; the Institute will publish them separately, and this page will be updated accordingly.
