A COMPARATIVE STUDY
 
1.  INDIAN INSTITUTE OF INSURANCE SURVEYORS AND LOSS ASSESSORS
One time entry fee – Rs. 5000.00
for existing surveyors on cut-off date ( cut-off date – 20.11.2000 )
Annual Membership Fee –
  Fellow      – Rs. 2000.00
  Associate – Rs. 1500.00
 
2.Institute of Chartered Accountants of India ( Statutory Body )
      (a)Admission – Rs.300.00
      Annual Subscription  Associates - Rs. 300.00
      Fellow - Rs. 900.00
      Additional for Certificate of Practice for either – Rs. 800.00
     
    3.Institute of Company Secretary ( Statutory Body )
      a) Admission fee Rs. 300.00
      b) Annual subscription Rs. 225.00
     
    4.Institute of Cost & Works Accountants of India ( Statutory Body )
        Associate Fellow
      a) Admission fee Rs. 425.00 Rs. 300.00
      b) Annual subscriptionx Rs. 300.00 Rs. 800.00
    Total strength of Members in 2005 was 19,335 as per their website
     
      5.Council of Architecture ( Statutory Body )
        Admission Rs. 500.00
        Annual subscription Rs. 500.00
        Once Life time Rs. 5,000.00
       
        6.Acturial Society of India ( Statutory Status was confirmed very recently
        Fellow – 1500/= per annum and Associates Rs.750/= per annum.
        With a Membership consisting of only 138 Fellows and 112 Associates
         
        7.INDIAN INSTITUTE OF WELDING
        Class Entrance Fee
        (Rs.)
        Annual Subscription(Rs.) Life Membership Subscription(Rs.)
        By every Member 300.00 300.00 2,500.00
        Associate Member 200.00 200.00 2,000.00
        By every Associate 150.00 150.00 1,500.00
        Retired Members (any Class)
           above 60 years of age
        Same as above
        (Except Associate)
        1,000.00
         
        8.INSTITUTION OF VALUER
        Entry Fee – Rs.600.00 Annual Subscription – Rs.600.00
        EN THESE INSTITUTES CHARGE SO LESS THAN WHY SHOULD WE PAY Rs.5,000 as the admission fee? Is our contribution meant for the office bearers to roam around in air-plane, entertain insurance company officials in 5 star hotels and corner major jobs?

        IISA had Chapters, premises almost all over the country, but they lacked academic activities. The Office bearers were not academicians and lacked the knowledge, talent and convincing power. Hence the pleading of IISA to be granted the Statutory Status by an act of Parliament was rejected by Malhotra and Bhandari Committees as well as the IRDA & GOI.

        It will be the academic activities which would qualify IIISLA to get the Statutory Status and not posh offices all over the country. The fee structure proposed on the lines of the Fee Structure of Institute of Chartered Accountants is more than adequate to efficiently run IIISLA. Rs.300/= for admission, Rs.1,000/= p.a for Fellows and Rs.700/= p.a. for Associates.