Subscription Fees

Subscription Fees

SAS Entry and Membership Fees for 2018

 

Classes of membership of Singapore Actuarial Society and the corresponding Subscription Fees are:

 

  • Fellow Members ........................... S$250
  • Associate Members ....................... S$120
  • Ordinary Members ......................... S$60
  • Affiliate Members ........................... S$60
  • Student Members ........................... Nil, applicable to full-time university students

     

There is also a S$60 Entry Fee for all new applications, including those for Student Membership (S$30 Entry Fee for full-time university students).

 

Upgrading of Membership and Fees

If you are an Ordinary Member of the Society and have become eligible to be an Associate or Fellow of the Society, or if you are an Associate and have become eligible to be a Fellow, please upgrade your membership accordingly, by:

 

 

  • Submitting evidence of your eligibility (a copy of the Associateship or Fellowship certificate you received from the Recognised Actuarial Association which confers your primary professional actuarial qualification); and
  • Paying the Upgrading Fee, which is simply the difference between the fee you paid for your current class of membership and the fee payable for the class of membership you are upgrading to. The Upgrading Fees for 2018 are:
  •  
    • Ordinary to Associate .............................. S$60.00
    • Associate to Fellow ................................. S$130.00

 

Submitting a copy of the degree you received from your institution of higher learning; and if you are a Student member who has completed your studies, you may apply to upgrade your membership to an Ordinary Membership, by:

 

  • Paying the Upgrading Fee, which is equal to the Subscription Fee for Ordinary Membership for 2018:
  •  
    • Student to Ordinary ................................. S$60.00

 

If you are a Student Member and have become eligible for Associate membership, please contact the Secretariat, which will inform you of the evidence and the Upgrading Fee required.

 

Rejoining Fees 

Rejoining members will follow the new “Membership Reinstatement” requirements agreed at the September 2016 Council meeting

Rejoining members (meaning members joining after a lapse) will pay an administration fee based upon the number of reinstatements they have made in addition to the Standard fee for the year. For a first reinstatement, the fee will be $60 which will be increased by $60 each time they need to rejoin.

For example: Anna is a Fellow whose membership lapses as she leaves Singapore. Upon returning to Singapore, she rejoins the SAS and pays the standard Fellowship fee plus the $60 reinstatement fee. 

 

Subscription fees for 2018

Your Membership will be considered as lapsed if payment is not received before the Annual General Meeting (AGM) on 23rd March 2018. A reinstatement fee, plus the standard subscription rate, will be applied should you subsequently wish to re-join the society.  The reinstatement fee applicable will depend upon the number of reinstatements you have made previously.

 

How can I pay?

Below are the different payment options:

 

Local cheque

Please issue to SINGAPORE ACTUARIAL SOCIETY.

 

Internet Banking, Telegraphic Transfer (Please note that the payer has to bear all the bank charges)

DBS Current Account Number: 001-019506-9

BANK Code: 7171

SWIFT Code: DBSSSGSG

ADDRESS:  12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Level 3, Singapore 018982

 

Any charges imposed by the remitting bank and receiving bank when submitting funds to Singapore Actuarial Society must be borne by the applicants.  It is necessary to pay an amount in excess of the registration fees to cover these charges.

 

Cash

Cash payment can also be made at the SAS office from 8.30am to 5.00pm, please call before coming.

Office Telephone : +65 6717 2955

 

Thank you.

Singapore Actuarial Society

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