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Actuarial Practice Standards

Actuarial Practice Standards no text

Life Insurance Practice
Sr. No. Abbreviation Actuarial Practice Standards Version Effective From Compliance Questionnaire / Monitoring Download
1. APS 1 Appointed Actuary and Life Insurance Business 1.01 01-Jul-11 yes Download img
2. APS 2 Additional Guidance for Appointed Actuaries and other Actuaries involved in Life Insurance 1.01 01-Jul-11 yes Download img
3. APS 3 Financial Condition Report 1.01 01-Jul-11 No Download img
4. APS 4 Peer Review of Appointed Actuary’s work in Life Insurance 3.02 28-Mar-15 yes Download img
5. APS 5 Appointed Actuary and Principles of Life Insurance Policy Illustrations (Ver 1.00) 1.01 01-Jul-11 yes Download img
6. APS 7 Appointed Actuary (AA) and Principles for determining Margins for Adverse Deviation (MAD) in Life Insurance liabilities 4.01 01-Jul-11 yes Download img
7. APS 10 Determination of the Embedded Value (EV) of life insurance companies incorporated in India and Regulated by IRDA for the purpose of Initial Public Offering (IPO). This Practice Standard shall constitute Actuarial Practice Standard within the meaning of Annexure1, Section c (2) (xiv) of the IRDA(Issuance of Capital by Life Insurance Companies) Regulations, 2011 dated 14th November, 2011 1.02 28-Mar-15 No Download img
General and Health Insurance Practice
Sr. No. Abbreviation Actuarial Practice Standards Version Effective From Compliance Questionnaire / Monitoring Download
8. APS 21 Appointed Actuary and General Insurance, Health Insurance or Reinsurance Business 2.00 15-Sep-23 Yes Download img
9. APS 33 Peer Review of Appointed Actuary’s work in – General, Health Insurance and Reinsurance 2.0 12-Jul-25 Yes Download img
Pension and Other Employee Benefits
Sr. No. Abbreviation Actuarial Practice Standards Version Effective From Compliance Questionnaire / Monitoring Download
10. APS 15 Pension Fund Terminology 1.01 01-Jan-12 No Download img
11. APS 20 Actuarial Practice for Social Security Programmes 1.01 01-Jan-12 No Download img
12. APS 27 Employee Benefits 1.00 01-Jan-18 No Download img
13. GN 29 Valuation of Interest Rate Guarantees on Exempt Provident Funds 4.00 31-Mar-22 No Download img
14. GN 30 Share-based Payments 1.00 12-Jul-2025 No

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General Practice Areas
Sr. No. Abbreviation Actuarial Practice Standards Version Effective From Compliance Questionnaire / Monitoring Download
15. APS 9 Continuing Professional Development (CPD) and the Actuary 4.00 01-Apr-21 Na Download img
16. APS 34 General Actuarial Practice as per para 4.7 of Principles and Procedure for issuance of Guidance Note/ Actuarial Practice Standard 1.00 29-Dec-21 Na Download img
Archived
Sr. No. Particulars Version Download
1. APS 1 - Compliance Questionnaire (Ver. 1.01/ 01 07 2011) 1.01 Download img
2. APS 1 - Compliance Checklist (Ver. 1.01/ 01 07 2011) 1.01 Download img
3. APS 2 - Compliance Checklist (Ver. 1.01/ 01 07 2011) 1.01 Download img
4. APS 2 - Compliance Questionnaire (Ver. 1.01/ 01 07 2011) 1.01 Download img
5. APS 3 - Compliance Checklist (Ver. 1.01/ 01 07 2011) 1.01 Download img
6. APS 3 - Compliance Questionnaire (Ver. 1.01/ 01 07 2011) 1.01 Download img
7. APS 4 – Peer Review 3.00 Download img
8. APS 5 - Letter from Mr. PA Balasubramanian to Life Insurers NA Download img
9. APS 5 - Industry Self Regulation - Code of Conduct and Sound Practice NA Download img
10. APS 5 - Compliance Checklist (Ver. 1.01/ 01 07 2011) 1.01 Download img
11. APS 5 - Compliance Questionnaire (Ver. 1.01/ 01 07 2011) 1.01 Download img
12. APS 7 – Compliance Checklist  (Ver. 1.01/ 01 07 2011) 1.01 Download img
13. APS10 - Determination of the Embedded Value (EV) of life insurance companies incorporated in India and Regulated by IRDA for the purpose of Initial Public Offering (IPO) (Ver. 1.0/ 08 12 2012) 1.00 Download img
14. APS10 - Determination of the Embedded Value (EV) of life insurance companies incorporated in India and Regulated by IRDA for the purpose of Initial Public Offering (IPO) (Ver. 1.01/ 17 03 2015) 1.01 Download img
15 APS21 - Appointed Actuary and General Insurance business 1.01 Download img
16. GN 4  [Version 1.00] 1.00 Download img
17. GN 6  [Version 1.00] 1.00 Download img
18. GN 7  [Version 1.00] 1.00 Download img
19. APS 10  [Version 1.00] 1.00 Download img
20. GN 22  [Version 1.00] 1.00 Download img
21. GN 29 [Version 1.00] 1.00 Download img
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