Institute of Actuaries of India

February 29, 2008

Annual Subscription Year 2008-09

A We would like to inform you that annual subscription is falling due on 1st April every year. The
annual Subscription for the year 2008-09 falls due on 1st April 2008. The current subscription rates
are as under;

Class of Membership Resident in India (Rs.) Resident in rest of the world (Rs.)
Fellows / Affiliates 1,500 3,000
Associates 750 2,250
Students 300 1,500

For Fellows and Associates above age 60, and not gainfully engaged in Practice or Profession,
the subscription is Rs. 300/-.

Society accepts Life subscription from members who have completed 60 years of age. The
amount of life subscription will be 10 times the appropriate annual subscription.

Members above age 80 are exempted from paying subscription.

The payment for the current year (2008-09) should reach IAI office on or before 30th June 2008.

B Mode of payment : The annual subscription may be paid by Demand Draft / Pay Order,
drawn in favour of “Institute of Actuaries of India”, payable at Mumbai. Please indicate your full
name, Class of membership (Fellow, Affiliate, Associate or Student) & “Subscription for the year
(mention year)” at the back side of DD/Pay Order and on Renewal Form.

We would like to inform you that any payment made by cash or consolidated payments would
not be accepted.

Alternatively, those who are residing outside India can also make the payment through wire
transfer for which he/she need to pay additional Rs.500/- as Bank Commission and Wire Transfer
charges. The bank details are as under;

Please go through this procedure of Wire-transfer for INR (Indian Rupees)

Beneficiary Name: - Institute of Actuaries of India
Bank of India
D.N. Road, Fort, Mumbai – 400 01
RTG (Real Time Gross Settlement) no: BKID0000017
Credit to A/c 001710110002970 – Institute of Actuaries of India
With Bank of India, D.N. Road, Fort, Mumbai – 400 001.

302, Indian Globe Chambers,142, Fort Street, Off D N Road, Mumbai - 400 001
Tel : 022 2269 1049, 2269 1051 Fax: 2269 1052. wagle@actuariesindia.org
 Institute of Actuaries of India

Please go through this procedure of Wire-transfer for NRI (Foreign Currency)

Beneficiary Name: - Institute of Actuaries of India
Credit Bank of India, Mumbai
Treasury Branch A/c. no. 0003325000 with Bank of India, New York
(BKIDUS33) for further credit to A/c 001710110002970 – Institute of Actuaries of India
With Bank of India D.N. Road Fort, Mumbai – 400 001.
Swift Code: BKIDINBBDNR

Please send us your Payment UTR No.

After the payment has been made through wire transfer, members are requested to inform Mr. Ravi
Mastekar (Accounts) at ravi@actuariesindia.org with copy to Ms. Vijaya Bhosle (Subscription) at
actsoc@actuariesindia.org for confirming the receipt. In case the members do not send any
communication to IAI in this regard, the Institute will not be responsible for the payment made and no
correspondence in this regard will be entertained.

C Reinstatement will be sought as per the following terms and conditions.

i) If the request for reinstatement is received within three months of his/her ceasing to be a member,
then the payment of the annual subscription plus a penalty of 25% thereon. (Applies to members
whose subscription is outstanding only for the current year).

ii) If the request for reinstatement is received after three months of his ceasing to be a member,
he/she has to pay existing annual subscription, in addition to penalty of 50% of the annual
subscription prevailing at the time of reinstatement. (Applies to members whose subscription is
outstanding only for the current year).

iii) Where subscription is in arrears for more than one year, reinstatement subject to approval of
Council can be made on payment of subscription for 2 years together with penalty of 50% on the
current annual subscription.

(AGD Wagle)
Secretary General

Note :- You are requested to reconfirm your Communication Address along with your email
& Telephone number while sending the subscription so as to enable us to serve you better.

302, Indian Globe Chambers,142, Fort Street, Off D N Road, Mumbai - 400 001
Tel : 022 2269 1049, 2269 1051 Fax: 2269 1052. wagle@actuariesindia.org