IRDA : Insurance Surveyor and Loss Assessor License Online

Organization : Insurance Regulatory and Development Authority
Facility : Insurance Surveyor & Loss Assessor License

Home Page : https://irdai.gov.in/
For more details here:http://www.irdabap.org.in/irj/portal/anonymous

Surveyor and Loss Assessor :

A surveyor and loss assessor is an insurance intermediary licensed by IRDA to investigate, manage, quantify,

Related : IRDA Policy Holder Complaints Registration : www.statusin.in/2634.html

validate and deal with losses (whether insured or not) arising from any contingency, on behalf of insurer or insured and report thereon and carry out the work with competence, objectivity and professional integrity by strictly adhering to the code of conduct stipulated under the Law/Regulations.

General services provided by a Surveyor and Loss Assessor :
** 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 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/under insurance and any other related matter
** Advise insurer and insured about loss minimisation, loss control, security and safety measures

How can I get registered as a Surveyor and Loss Assessor :
Application for License :
Any applicant (Individual or Corporate) intending to get Licensed as a Surveyor and Loss Assessor, needs to first register itself on the IRDA BAP portal.

Consideration of Application :
The Authority shall, before granting licence, take into consideration all matters relating to the duties, responsibilities and functions of surveyor and loss assessor and satisfy itself that the applicant is a fit and proper person to be granted a licence.

Some considerations are as follows :
** Satisfies all the applicable requirements of section 64UM read with section 42D of the Act and rule 56A of the Insurance Rules, 1939;
** Possesses such technical qualifications as may be specified by the Authority from time to time;
** Has furnished evidence of payment of fees for grant of licence, depending upon the categorisation;
** Has undergone a period of practical training, not exceeding 12 months, as contained in Chapter VII of these regulations; and
** Furnishes such additional information as may be required by the Authority from time to time.

Application to conform to the requirements :
An application, not complete in all respects and not conforming to the instructions specified in the regulations, shall be rejected : Provided that, before rejecting any such application,
the applicant shall be given a reasonable opportunity to complete the application in all respects and rectify the errors, if any.

Fee Structure :
Amount Payable by Corporate (Rs) :
** A Rs. 10,000/- (Ten thousand) Rs.25,000/- (Twenty-five thousand)
** B Rs. 7,000/- (Seven thousand) Rs. 20,500/- (Twenty thousand five hundred)
** C Rs. 5,000/- (Five thousand) Rs.15,000/- (Fifteen thousand)

About Us :
To protect the interest of and secure fair treatment to policyholders; To bring about speedy and orderly growth of the insurance industry (including annuity and superannuation payments), for the benefit of the common man, and to provide long term funds for accelerating growth of the economy;