How much is the M9A exam fee?

For non-members, the M9A exam fee is S$130.80 for day sessions and S$149.33 for evening or weekend sessions (inclusive of GST).

Do I need to pass M9 before registering for M9A?

No. You can register for M9A first if you wish. There is no required sequence. However, most candidates find M9 easier to start with as it covers the basics of life insurance.

Can I bring a calculator?

Yes, and you should. M9A involves calculating returns on Structured Deposits and Derivatives. SCI does not provide calculators, so bring an approved model (e.g., Casio FC 100V).

If I fail M9A, do I have to retake M9?

If you registered for them as **separate modules**, NO. Your M9 pass is safe. If you registered for **CM-LIP (Combined)**, YES. You fail the whole paper and must retake both.

How long is the M9A result valid for?

Your M9A pass result is generally valid for **3 years** for the purpose of licensing application. If you do not get appointed by a financial institution within 3 years, you may need to retake it.

How to Register for CMFAS M9A Exam (2026 Step-by-Step Guide)

Booking the M9A exam is usually straightforward, but it comes with a major pitfall: The CM-LIP Confusion.

Many candidates accidentally register for the combined exam (M9 + M9A) when they only needed the single M9A module.

We have put together a quick guide to help you secure your M9A exam slot correctly so you can focus on mastering the derivatives.

✨ TL;DR: Quick Registration Facts

Exam Body: Singapore College of Insurance (SCI).
Exam Code: Module 9A (M9A): Life Insurance and Investment-Linked Policies II.
Fee (Non-Member): $130.80 (Day) / $149.33 (Evening).
Booking Lead Time: Book at least 3 weeks in advance.

Step 1: Check Your Requirement (M9A vs CM-LIP)

Before you log in, check your status.

If you already passed M9: Register for M9A ONLY.
If you are new: You can register for CM-LIP (Combined), but we generally recommend taking them separately to avoid the "Double Jeopardy" risk of failing both.

Step 2: Create an Account

Go to the official SCI Website.
Look for "Candidate Login" or "Register Account".
Tip: Use your personal email. If you leave your current agency, you don't want your exam records locked in a company email.

Step 3: Select the Correct Module

Click "Exam Registration".
Select "CMFAS" category.
In the dropdown, look for "Module 9A (M9A): Life Insurance and Investment-Linked Policies II".

* *Warning: Do NOT select "CM-LIP" unless you intend to sit for a 3-hour marathon exam covering both books.*

Step 4: Choose Your Slot

Day Session (Mon-Fri): S$130.80 (Non-Member)
Evening (After 5PM) / Weekend: S$149.33 (Non-Member)

Pro-Tip: M9A requires intense concentration for the Case Study section. We strongly recommend booking a morning slot when your mind is fresh.

Step 5: You're Booked. Now What?

You have a deadline. M9A is short (50 questions) but conceptually difficult. It deals with Derivatives, Structured Products, and complex Case Studies.

If you wait until the last week to study, you will likely fail. Before you buy any prep materials, check our review of the best M9A mock exams to ensure you get the 2026 updates.

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Don't gamble with the Case Studies. Use our simulator to drill the Structured Product questions today.

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Important Exam Day Logistics

Calculator: Mandatory. You cannot do the Structured Product calculations without one. Bring a Casio FC 100V or TI BA2+.
ID: Physical NRIC or Employment Pass is required.
Arrival: Arrive 30 minutes early.

Summary

Booking is easy. Passing is hard.

Ensure you are prepared for the Case Study section before you walk into that exam hall. We have put together a few free M9A mock exam questions to help you practice the harder questions.