Institute Of Actuaries Of India

About Institute Of Actuaries Of India

The Institute of Actuaries of India (IAI) is a statutory body established by an Act of Parliament, viz., the Actuaries Act, 2006, for regulating the profession of Actuaries in India. The nodal ministry for the institute is the Department of Financial Services, Ministry of Finance. The affairs of the IAI are managed by a Council in accordance with the provisions of the Actuaries Act, 2006. The Council consists of 12 elected fellow members and 3 persons nominated by the Central Government. Currently, two government nominees are from the Department of Financial Services and one from the Insurance Regulatory Development Authority.