Education Policy 2026

The Council of the Institute of Actuaries of India approved the Education Policy 2026 which shall be implemented in a phased manner up to 2028 with the objective of strengthening, modernising, and future-proofing the actuarial education framework, while ensuring alignment with evolving industry needs, global developments, and professional standards.

The Education Policy 2026 introduces a revised Core Education Programme (CEP), Certification Programs (CPs), curriculum enhancements, and structured transition arrangements designed to equip current and aspiring actuaries with the knowledge, skills, and adaptability required in an increasingly dynamic actuarial environment.

Education Policy 2026

Education Policy 2026 Download

Frequently Asked Questions (FAQs)

1. What is the Education Policy 2026?

The Education Policy 2026 introduces updates to the actuarial education framework of the Institute of Actuaries of India (IAI) to ensure that the curriculum remains globally aligned, industry-relevant, and future-ready. It includes updates to the examination structure, introduction of new subjects, transition arrangements, and new Certification Programs.

2. What is the Core Education Program (CEP)?

The Core Education Program (CEP) is the primary examination pathway that leads to the Associate (AIAI) and Fellow (FIAI) qualifications of the Institute of Actuaries of India.

3. How many examinations are required to become an Associate (AIAI)?

To qualify as an Associate, a candidate must pass or obtain exemptions in 10 subjects:

7 Core Principles subjects
3 Core Practices subjects

4. What are the requirements to become a Fellow (FIAI)?

Pass all 10 Core Principles and Core Practices subjects
Pass 3 additional subjects:
- At least 2 Specialist Principles (SP) subjects
- At least 1 Specialist Advanced (SA) subject
Successfully complete the India Fellowship Seminar in accordance with the requirements prescribed by the Institute
Complete 3 years of relevant actuarial work experience

5. What are Certification Programs (CPs)?

Certification Programs are additional programs designed to enhance and diversify the skillsets of actuarial students and qualified actuaries, particularly in emerging and evolving areas of actuarial practice.

6. What is the objective of introducing Certification Programs?

Enhance practical and emerging skills
Improve employability of actuarial students
Strengthen expertise in both traditional and non-traditional areas of actuarial practice

7. Is any new subject being introduced under the Core Principles level?

Yes. A new subject titled CS3 – Data Science: Tools, Techniques & Applications will be introduced under the Core Principles level from the May 2027 examination diet.

8. Is there any change in existing subjects?

Yes. The current subjects CB3 – Business Management and CP3 – Communications Practice will be merged into a single subject titled ‘CP3 – Strategic Management and Communication’. This merged subject will be introduced from the November 2027 examination diet.

9. What will be the format of the new CP3 examination?

The merged CP3 examination will be a single written paper of 3 hours and 15 minutes, designed to test both:

Strategic Management understanding
Communication of actuarial concepts to non-technical audiences

10. What happens if a student has passed only CB3 or CP3?

Students who have already passed either CB3 or CP3 will be given three additional examination diets to pass the remaining subject and obtain recognition under the merged structure.

11. Until when will passes in CB3 or CP3 be recognised for transition?

All passes or exemptions obtained up to 31^st December 2028 will be recognised under the transition arrangements.

12. What if a student has passed only one of CB3 or CP3 after the transition window?

If a student holds a pass in only one of the subjects after the transition window, they will need to appear for the new merged CP3 paper in full.

13. Will more subjects be introduced in the future?

Yes. The Institute may introduce additional subjects in emerging areas such as Banking, ESG, Climate Risk, and other evolving domains relevant to actuarial practice. These are tentatively expected around the November 2028 examination diet, subject to industry relevance, academic readiness, and resource availability.

14. Will existing students be required to pass CS3?

Students who complete the Associateship requirements under the previous structure on or before 31^st July 2028 will not be required to pass CS3. Students who do not complete the requirements within this transition period will be required to pass CS3 under the revised curriculum structure.

15. From when will new students follow the revised curriculum structure including CS3?

Students entering the system from the May 2027 examination diet onwards will follow the revised curriculum structure, including CS3 – Data Science: Tools, Techniques & Applications.

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