Insurance Institute of India have Fellowship exam for all the insurance professionals as the final level examination for Fellowship certification. To qualify for Fellowship certification a candidate must achieve 490 credit points (including credit points of Licentiate and Fellowship exam) in which one mandatory subject must be from Actuarials (i.e. any one Subject from the following) along with any optional subject from the below table
Mandatory Papers (Any one of below Acturial subjects)
IC-28 Foundation of Actuarial Science (40 Credit Points)
IC-47 Foundation of Casualty Actuarial Science Part – I (40 Credit Points)
IC-81 Mathematical Basis of Life Assurance (40 Credit Points)
IC-84 Foundation of Casualty Actuarial Science Part –II (40 Credit Points)
IC-92 Actuarial Aspects of Product Development (40 Credit Points)
AS-03 Finance and Economics for Actuarial Science (Common) (40 Credit Points)
AS-05 iv Finance and Investment (Common) (40 Credit Points)
AS-05 v Actuarial Aspects of Risk Management (Common) (40 Credit Points)
Plus any Optional subjects provided in the below table
| Optional Subjects Table |
| IC No |
Title |
Credit Points |
| 14 |
Regulations of Insurance Business (Common) |
20 |
| 23 |
Application of Life Assurance (Life) |
30 |
| 24 |
Legal Aspects of Life Assurance(Life) |
30 |
| 27 |
Health Insurance (Common) |
30 |
| 57 |
Fire and Consequential Loss Insurance (Non-Life) |
30 |
| 67 |
Marine Insurance (Non-Life) |
30 |
| 71 |
Agricultural Insurance (Non-Life) |
30 |
| 72 |
Motor Insurance (Non-Life) |
30 |
| 74 |
Liability Insurance (Non-Life) |
30 |
| 76 |
Aviation Insurance (Non-Life) |
30 |
| 77 |
Engineering Insurance (Non-Life) |
30 |
| 78 |
Miscellaneous Insurance (Non-Life) |
30 |
| 82 |
Statistics (Life) |
40 |
| 83 |
Group Insurance & Retirement Benefit Scheme (Life) |
30 |
| 85 |
Reinsurance Management (Common) |
40 |
| 86 |
Risk Management (Common) |
40 |
| 88 |
Marketing and Public Relations (Common) |
30 |
| 89 |
Management Accounting (Common) |
40 |
| 90 |
Human Resources Management (Common) |
30 |
| 99 |
Asset Management (Common) |
30 |
