III Fellowship Expert Level Free to start

Clear the III Fellowship — Free Mock Tests, Real Questions & Notes

Fellowship is the highest level of the Insurance Institute of India (III) certification. It needs one compulsory actuarial paper plus optional subjects to reach 490 cumulative credits. Certena helps you prepare with exam-style questions, free timed mock tests, notes, and a study plan.

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490
Cumulative credits
60%
To pass each paper
120 min
Per paper
₹0
To get started

The Fellowship papers

Pass any one compulsory actuarial paper below, then add optional subjects to reach 490 cumulative credits (your Associateship 250 counts toward this).

IC-28
Foundation of Actuarial Science
IC-47
Foundation of Casualty Actuarial Science Part - I
IC-81
Mathematical Basis of Life Assurance
IC-84
Foundation of Casualty Actuarial Science Part - II
IC-92
Actuarial Aspects of Product Development
AS-03
Finance and Economics for Actuarial Science
AS-05 (iv)
Finance and Investment
AS-05 (v)
Actuarial Aspects of Risk Management

Top up with optional papers such as reinsurance, risk management, management accounting and more. Browse all III subjects →

Everything you need to clear the Fellowship

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Exam-style MCQs
Practice questions for the papers we cover, aligned to the III syllabus.
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Free timed mock tests
Full-length papers that mirror the real 120-minute online exam.
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Instant explanations
Every question comes with a clear explanation of the correct answer.
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Chapter notes
Concise notes to revise before you practise.
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Credit-aware study plan
Track credits toward 490 and get a plan that tells you what to study next.
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Spaced revision
Questions you miss resurface at the right time so they stick.

How it works

1️⃣
Sign up free
Create your account in under a minute — no payment needed to start.
2️⃣
Pick your papers
Choose your actuarial paper and optional subjects.
3️⃣
Practise & pass
Take mocks, review explanations, and follow your plan to 490 credits.

Frequently asked questions

What is the III Fellowship?
The Fellowship is the highest level of the Insurance Institute of India (III) professional certification, above Licentiate and Associateship. You qualify by reaching 490 cumulative credit points.
Which papers do I need for the Fellowship?
You must pass any ONE compulsory actuarial paper (for example IC-28 Foundation of Actuarial Science), then add optional subjects to reach 490 cumulative credits. The Fellowship builds on your Associateship credits.
Do I need the Associateship first?
Yes. The Fellowship is the third and final level — its 490 cumulative credits include the 250 from your Associateship. You add one actuarial paper plus optional subjects on top.
What is the exam format and pass mark?
Each paper is an online multiple-choice exam of 120 minutes for 100 marks. You need 60% to pass, with a distinction at 75%. No negative marking; a calculator is allowed. Confirm the current format against the latest III notification.
Is Certena affiliated with III or IRDAI?
No. Certena is an independent exam-preparation tool and is not affiliated with, endorsed by, or officially connected to the Insurance Institute of India (III) or IRDAI.

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