Exemptions
Subject wise exemptions for examinations passed from Institute and Faculty of Actuaries, UK are granted for all examinations effective from 1st January, 2022. A IAI member who qualified such examinations from IFoA can submit application with required fee by accessing “Exemptions” module from the members login page. For country specific subjects, SA level examinations, no exemption granted.
The Institute grants exemption in SP0- Alternative Specialist Principle Subject to those who are Associate/Fellow member of Institute of Chartered Accountants of India.
The following are fees payable for each subject:
Self attested copy of relevant certificates/ result sheets required to be uploaded.
| Subjects | Exemption Fees (Other Bodies) | Exemption Fees (IFOA) |
|---|---|---|
| CT1 – CT9 | Rs. 2500 each | Rs. 6250 each |
| CA1 – CA3 | Rs. 7500 each | Rs. 18750 each |
| ST1 – ST9 | Rs. 4000 each | Rs. 10000 each |
| CS1–CS2-CM1-CM2 | Rs. 5000 each | Rs. 12500 each |
| CB1-CB2 | Rs. 3000 each | Rs. 7500 each |
| CB3 | Rs. 10000 each | Rs. 25000 each |
| CP1/CP3 | Rs. 8000 each | Rs. 20000 each |
| CP2 | Rs. 10000 each | Rs. 25000 each |
| SP1 – SP9 | Rs. 6000 each | Rs. 15000 each |
| SP0 (Fellow & Associate of ICAI) | Rs. 6000 each | – |
Important Forms
Exemption Announcement 18092024
Exemption Announcement 10052024
Exemption Announcement 28062018
Exemption Announcement 09062020