The membership year of the ASHK runs from 1 October to 30 September. The 2021/22 annual subscription fees are as follows:
Ordinary Student Member
University Student Member
Subscription notice will be sent to members in September of each year for membership renewal and annual dues. Members who do not pay their subscription fee by the end of December will have their membership automatically terminated.
The membership application fee for new members is as follows:
Ordinary Student Member
University Student Member
Applications should be accompanied by payment of the new membership application fee (WAIVED for Ordinary and University Student members) plus the 2021/22 annual subscription fee.
New members joining the ASHK after 1 April 2022, will only need to pay the new membership application fee (WAIVED for Ordinary and University Student members) plus half the annual subscription fee.
Our current policy requires ASHK members' nomination to propose and second each member application. If applicants are unable to find ASHK members as their nominators, their applications should be supported by a resume and a certificate true copy of membership certificates(s) / examination result notice(s) issued by the relevant actuarial bodies or similiar documentary evidence (academic certificate / transcript).
Applicants who studying or have been awarded a bachelor/master degree/postgraduate diploma/PhD in Actuarial Science or relevant principles at an accredited institution may submit a recommendation form in replacement of the resume and certified true copy of examination result notice(s). The recommendation form should be signed by a personnel of the Department/Faculty/School at the accredited institution.
Current members who wish to change their membership status during the year are not required to pay their new status’ subscription fee if they have already settled their old status’ subscription fee.
However, this particular payment arrangement is not applicable during the renewal process, normally from October to November each year.
Members who have let their membership lapsed are required to pay a reinstatement charge of HK$500 plus the 2021/22 annual subscription fee if they wish to restore their membership status.
For the reason of relocation overseas or unemployment, members who have resigned can receive a waiver of reinstatement charge. A signed letter stating briefly their whereabouts and the period of working aboard or unemployment is required.
However, reinstatement charge is WAIVED for university student members who are not engaged in any full-time job.
Members in good standing who become involuntarily unemployed and are seeking full-time employment may be entitled to apply for a deferral of subscription fees at the time the subscription fee become payable (on 1 October).
The deferral will terminate if the members become employed during the membership year (being 1 October to 30 September) at which time the pro-rata balance of the current year’s subscription dues are payable. Members will be responsible for informing the ASHK of the change in employment status.
The deferred subscription fees may be waived at membership year’s end upon submission of a declaration form that members remained unemployed for the entire year and are actively seeking employment.
A subscription fees waiver for unemployment may be granted for a maximum of 2 consecutive years. Requests for a continuation of subscription fee waiver must be submitted annually and the employment status reaffirmed.
Members whose deferral or waiver request have been approved is entitled to receive the ASHK general mailings free of charge for the period under consideration. Should the members wish to attend the luncheon of the Annual General Meeting, an appropriate charge will apply.
To apply, please submit an application form to the ASHK Office. Approval of requests will be at the Council’s discretion. Once approved, members should also keep the ASHK immediately informed of any change in circumstances which may affect their entitlement.
Retired members are granted a discounted rate of 80% on membership subscription fee and exemption from CPD requirements.
From membership year 2017/2018 onwards, this applies to members who are no longer in receipt of any income from gainful employment and no longer provide actuarial services. Special circumstances will be considered by the Council on a case-by-case basis upon written request to the ASHK Office.
The Council also agreed to grandfather current retired members whose status was first approved before 30 September 2017 as long as they continue to be eligible under the former criteria (that is, attainment of age 65 or above and no longer in full-time employment at the point of application).
To apply, please submit a declaration form or a written request to the ASHK Office on an annual basis. The approval will be at the Council’s discretion. Once approved, members should also keep the ASHK immediately informed of any change in circumstances which may affect their entitlement.
Completed application forms accompanied by appropriate subscription fees and relevant documentary evidence (if applicable) should be sent to:
|Address:||1803 Tower One, Lippo Centre, 89 Queensway, Admiralty, Hong Kong|
|Tel:||(852) 2147 9278|
|Fax:||(852) 2147 2497|
The ASHK Council will consider and approve applications received at its monthly meeting (Note: The Council meeting in December will not review membership applications. Applications received during that period will be processed at the subsequent meeting in January). Successful new member applicants will be notified by email.