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Exams › Fellowship Diploma (FIII)

Highest Level · 490 Credit Points

Fellowship Diploma (FIII)

The highest qualification offered by the Insurance Institute of India. 490 Credit Points required in total.

What is the Fellowship Diploma?

The Fellowship Diploma (FIII) is the highest qualification awarded by the Insurance Institute of India. It requires 490 Credit Points in total — including all Licentiate and Associateship credits. At least one actuarial paper is compulsory.

For eligibility and official exam regulations, visit insuranceinstituteofindia.com →

Papers Required

Compulsory — choose one actuarial paper:

IC-28 · Foundation of Actuarial Science40 Credit Points

IC-47 · Foundation of Casualty Actuarial Science Part I40 Credit Points

IC-81 · Mathematical Basis of Life Assurance40 Credit Points

IC-84 · Foundation of Casualty Actuarial Science Part II40 Credit Points

IC-92 · Actuarial Aspects of Product Development40 Credit Points

AS-03 · Finance and Economics for Actuarial Science40 Credit Points

AS-05(iv) · Finance and Investment40 Credit Points

AS-05(v) · Actuarial Aspects of Risk Management40 Credit Points

Plus elective papers from Table 1 (same 23 papers as Associate level) to reach 490 Credit Points total, including Licentiate and Associate credits.

Total: 490 Credit Points (including Licentiate and Associate)

The Fellowship compulsory actuarial paper must be one of the eight listed above. Always confirm your exact requirements at insuranceinstituteofindia.com.