Understanding Insurance Surveyors and Loss Assessors License

Are you an individual or an entity looking to work in insurance surveying or loss assessment in India? If yes, obtaining an Insurance Surveyors and Loss Assessors License is mandatory. With our expert guidance, you can complete the entire process smoothly and begin your professional practice without hassles.

This license allows professionals to investigate, quantify, validate, and report losses arising from various incidents on behalf of both insurers and insured parties. The entire process is regulated by the Insurance Regulatory and Development Authority of India (IRDAI), which governs the standards and qualifications for surveyors through the IRDAI Surveyor and Loss Assessor Certification.

Individuals or companies assessing losses after events such as accidents, fire, burglary, natural calamities, or any insured risk must hold this license to operate legally. It ensures transparency, accuracy, and fairness in insurance claim settlements.

We are Indiaโ€™s #1 IRDAI Licensing Advisory with 10+ Years of Insurance Licensing Expertise. If you wish to build your future in claim assessment or damage evaluation, you can easily begin your Insurance Surveyor License online registration with our end-to-end assistance.

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What are the Benefits of Insurance Surveyor License Online Registration?

Securing an IRDAI Surveyor and Loss Assessor License through Insurance Surveyor License online registration offers numerous advantages for professionals aiming to build a strong career in the insurance sector. Below are the key benefits:

Legal Compliance

Legal Compliance

Holding this license ensures full compliance with IRDAI regulations, helping you avoid legal risks, penalties, or operational restrictions.

Higher Earning Potential

Higher Earning Potential

Licensed surveyors and loss assessors often earn higher fees and compensation due to their verified skills and professional credentials.

Strong Networking Opportunities

Strong Networking Opportunities

Insurance surveyors and loss assessors license gives you access to insurance industry bodies, associations, and professionals, helping you build valuable industry connections. It is one of the benefits of the Insurance Surveyor License online registration.

Wider Career Opportunities

Wider Career Opportunities

With a Loss Assessor License, you can explore multiple roles in claims handling, risk assessment, insurance underwriting, and more.

Avoid Duplication

Enhanced Professional Credibility

Your IRDAI certification signals trust, competence, and expertise, making you a preferred choice for insurers and clients. It is one of the merits of Insurance Surveyor License online registration.

Better Monitoring of Insurance Activities

Better Monitoring of Insurance Activities

Licensed surveyors can efficiently monitor and evaluate activities related to insurance surveying and claim assessment, ensuring accountability.

Better Monitoring of Insurance Activities

Faster & Accurate Claim Settlement

Securing the Insurance Surveyor License online registration empowers you to conduct proper inspections, ensuring smooth, fair, and timely settlement of insurance claims.

Types of Insurance Surveyor License Online Registration

In India, insurance surveyors are categorized into two primary types, each serving distinct roles within the insurance ecosystem. The two categories are explained below:

Individual Surveyor

An Individual Surveyor License is issued to a single professional who independently handles insurance claim assessments. Individual surveyors usually manage personal insurance claims, including evaluating property damage, examining personal belongings, and determining the extent of loss. They work autonomously and are often appointed directly by insurance companies for specific cases.

Corporate Surveyor

A Corporate Surveyor License is granted to registered business entities that provide survey and loss assessment services on a larger scale. Corporate surveyors typically assist insurance companies and major firms in evaluating commercial risks, including property, liability, and workersโ€™ compensation. They operate with wider resources and expertise, making them suitable for large and complex insurance assessments.

How to Apply for Insurance Surveyors and Loss Assessors License?

The step-by-step process to apply for the Insurance Surveyors and Loss Assessors License is as follows:

Enrollment

Firstly, the applicant candidate needs to submit an enrolment application form along with the required documents with IRDAI on the BAP portal.

Examination

Secondly, once the application for enrolment is approved by IRDAI and the name of the candidate is in the list of eligible candidates for III exam, the applicant can accordingly register himself for the said exam.

Training

The applicant, after clearing the exam in the selected line of business, shall then begin training in the mode (training under surveyor/institutional training) as selected at the time of enrolment.

Fresh license application

After completion of the required training, the applicant shall submit an application for a fresh surveyor license along with the required documents to IRDAI on the BAP portal. Once you receive the license, you can start operating as a licensed surveyor.

What are the Documents Required for Insurance Loss Assessor Registration?

The list of documents required for insurance loss assessor registration is as follows:

Application Form โ€“ IRDAI-1AF

Identity Proof and Contact Details of Trademark Owners

Membership Certificate (Issued by the Institute)

Recent Passport-Size Photograph

PAN Card

Address Proof

Proof of Educational Qualification (Notarized)

Training Completion Certificate

Marks Sheet/Proof of Passing Surveyor & Loss Assessor Examination

Quarterly Training Reports (for the last four quarters)

No Objection Certificate (If Applicant is Employed)

Affidavit related to Form โ€“ IRDAI-1AF

Self-Addressed Envelope (4.5โ€ ร— 10โ€ with required postage)

Fee Payment Details (DD / RTGS / NEFT)

Any Additional Document Required by IRDAI

What are the Post Insurance Surveyors and Loss Assessors License requirements?

Once the Insurance Surveyors and Loss Assessors License is issued, the license holder must fulfil certain post-licensing obligations to remain compliant with IRDAI regulations. These include:

UAE Trade Mark Registration

Submission of Declaration

Surveyors and loss assessors must submit a declaration to the Authority in case of major changes, including the death, registration status, or suspension of directors or partners, changes in shareholding patterns, or any other material information relevant to the business.

Duty to Investigate and Report

Licensed surveyors are responsible for investigating, managing, validating, and assessing losses arising from any insured event. They must prepare factual and professional reports for the insurer or insured based on their findings.

Adherence to Code of Conduct

Surveyors and loss assessors are required to follow the prescribed code of conduct. They must maintain ethical behaviour, demonstrate professionalism, and ensure impartial and objective judgment in all assignments and business dealings.

What are the Eligibility Conditions for Insurance Surveyors and Loss Assessors License?

The eligibility criteria for Insurance Surveyors and Loss Assessors License are as follows:

  • The candidate or an applicant must possess a degree or diploma in either engineering, chartered accountancy, cost accountancy, actuarial science, law, agriculture science, horticulture, forestry, naval architecture or other disciplines approved by IRDAI.
  • The minimum age limit for applying for the license is 18 years.
  • A candidate without prior work experience in insurance or related fields must complete 12 months of practical training under a licensed surveyor.
  • A candidate with relevant professional experience may be exempted from training.
  • It is beneficial to be a member of professional bodies like ICAI, Institution of Engineers, and Insurance Institute of India.
  • A surveyor can apply for a license in one or more of the following categories based on their qualifications, such as fire insurance, marine cargo insurance, marine hull insurance, motor insurance, engineering insurance, and miscellaneous insurance.

What are the General Services Provided by an IRDAI Surveyor License Holder?

The list of general services provided by an IRDAI surveyor license holder is as follows:

  • Investigate, manage, quantify, validate and deal with losses (whether insured or not) arising from any contingency.
  • Estimate, measure, and determine the quantum and description of the subject under loss.
  • Conduct an inspection and re-inspection of the property in question, suffering a loss.
  • Conduct spot and final surveys, as and when necessary, and comment upon franchise, excess or under insurance and any other related matter.
  • Advise insurer and insured about loss minimization, loss control, security and safety measures.

What is the Insurance Loss Assessor License Renewal Process?

The insurance loss assessor license renewal process is as follows-

  • The applicant has to fill in the Form-IRDAI-6-AF via the online portal, mentioning all the necessary details.
  • The application for renewal shall reach the concerned authority at least thirty days before the expiry of the period of validity.
  • A fee of Rs. 5000/- needs to be paid for renewal of the Corporate Surveyor and Loss Assessor License, which needs to be paid to the concerned authority if filed at least 30 days before the expiry of the license.
  • The Corporate Surveyor and Loss Assessor license granted shall be valid for a period of three years unless cancelled earlier.

Why Partner with Enterslice for Insurance Surveyors and Loss Assessors License?

With over a decade of industry expertise, Enterslice offers end-to-end support in securing the Insurance Surveyors and Loss Assessors License for individuals and corporate entities across India. Our proven track record, dedicated IRDAI specialists, and streamlined compliance approach ensure a seamless journey from documentation to post-license compliance. Hereโ€™s why Enterslice is your trusted partner for IRDAI Surveyor and Loss Assessor License registration:

  • Smooth and Accurate Filing of IRDAI License Application
  • 70% Engagement in Insurance Compliance and Licensing Support
  • 99% Success Rate in IRDAI Surveyor & Loss Assessor License
  • Real-Time Monitoring and Status Tracking of Applications
  • 15 Lakh+ Hours Saved for Insurance Entrepreneurs
  • Post-compliance Support for Surveyor Renewals & Business Expansion
  • Hassle-free Document Preparation & Submission Support
  • Access to Training Resources and Mandatory Certification Support

FAQs on Insurance Loss Assessor Registration

An Insurance Surveyor License is valid for 3 years. License holders must apply for renewal at least 30 days before the expiry date to avoid penalties or lapse.

A Surveyor and Loss Assessor is a licensed intermediary authorized by IRDAI to investigate, examine, and assess losses arising from insured contingencies on behalf of the insurer or the insured.

To obtain an Insurance Surveyors and Loss Assessors License in India, the applicant must:

  • Be enrolled as a student member with IRDAI
  • Clear the examination conducted by the Insurance Institute of Mumbai
  • Be a member of recognised institutes such as ICSI, ICAI, or IIRM
  • Complete the practical training mandated by IRDAI from time to time

The difference between a surveyor and a loss assessor is as follows:

  • Surveyor: Appointed by insurance companies to evaluate the extent of damage to the insured property.
  • Loss Assessor: Appointed to assess the loss suffered by policyholders and ensure the claim amount is justified.

Yes, provided they possess the necessary qualifications and training prescribed by IRDAI. Only then can they undertake surveys across various insurance categories.

Yes, based on the value of the loss:

  • For claims above โ‚น20,000, insurers must appoint a licensed surveyor.
  • For motor insurance, an appointment is mandatory when the loss exceeds โ‚น50,000.

While, insurer must ensure the surveyor holds valid qualifications and a valid IRDAI license.

The main purpose is to obtain an independent expert assessment of the damage or loss so that the insurer can determine a fair and accurate claim amount.

Surveyors cannot delay the report unnecessarily, however:

  • A maximum of 30 days may be allowed from the date of appointment in special cases.
  • The total delay cannot exceed 6 months under any circumstances.

Yes. If discrepancies or gaps are found in the original report, the insurer may request an additional report within 15 days of receiving the initial report.

A duplicate license application can be filed online using IRDAI-provided login credentials.
The following hard-copy documents must be submitted:

  • Copy of the valid Surveyor License
  • Valid ISLA Membership Certificate
  • Full document set required for a fresh surveyor license
  • FIR copy for loss of original license
  • Two passport-size photographs
  • Self-addressed envelope with โ‚น40 postage stamp

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