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Annual Membership Fee Details

Annual Membership Fee Details

Class of Membership Fees in Indian Rupees
(INR)
Fellows and Affiliates 9,000+(18% GST) = 10,620
Associates 3,000+(18% GST) = 3,540
Students 2,000
For Fellows, Affiliates and Associates above age 60 as on 1stApril, and not gainfully employed in profession or practice or medically unfit to be gainfully employed in profession or practice. 2000+(18% GST) = 2,360
(Accepted only through offline mode along with application)
Life membership (optional) who are more than 60 years as on 1stApril Ten times the normal Annual Membership Fees as mentioned above.
(Accepted only through offline mode along with application)
Members more than 75 years of age as on 1stApril. No Annual Membership Fees Applicable
Change of Category within an Annual Membership year Will attract full Annual Membership fees for new category

Note :

 

1. These rates are applicable to all members regardless of their country of residence.
2. Govt. of India has implemented GST by virtue of which the membership and other related fees of the Institute are subject to GST. Accordingly the Associate, Affiliate and Fellow members are
requested to add GST @ 18% on membership and other related fees payable by them to the Institute with effect from 1stApril 2019 onwards and pay the same.

A) Failure to make payment: The payment should be made online on or before 1st April every year failing which membership will lapse resulting in removal of name from the register of the
Institute.

B) Mode of payment:

1)Online through Members Login (www.actuariesindia.org/login.aspx).

If the transaction fails, then you need to try again by using another card or another browser or contact Ms. Milan atmilan@actuariesindia.orgat 022-62433335

Online payment transaction made was not successful however the debited amount will be credited back into your account within 8 - 10 working days if the payment was not transfer then contact the Accounts atmilan@actuariesindia.org

2)Demand Draft or Pay Order
Along with Demand Draft you need to send Annual Membership Renewal Form.
3)Wire-transfer (for members residing outside India)
If the International card is not acceptable then you can make payment through wire-transfer

Note: For payment made through wire transfer, members need to pay additional Rs.500/- as Bank Commission and Wire Transfer charges.

Reinstatement of Membership :Reinstatement can be requested in accordance with the following terms and conditions.

i)Members whose Annual Membership is outstanding only for year:
- Where Annual Membership fee is in arrears for less than one year, reinstatement will be made on payment of the current year Annual Membership fee.

ii)Members whose Annual Membership is outstanding for more than one year:
- Where Annual Membership fee is in arrears for more than one year, reinstatement will be made on payment of Annual membership fees amounting to the year in which the membership was lapsed and the current year Annual membership fees.

Note :

For Students
Members whose Annual Membership fee is outstanding for more than ten years can do reinstatement of membership through offline mode only.

For Fellows, Affiliates and Associates
Members whose Annual Membership fee is outstanding after 1st April can reinstate their membership through offline mode only.