1. Preliminary
These guidelines are issued in furtherance to the Circular vide Ref: IRDA/SUR/GDL/MISC/288/12/2020 dated 01/12/2020 on Guidelines for Practical Training for Surveyors and Loss Assessors for obtaining fresh / renewal licence to act as a surveyor and loss assessor.
These guidelines are being issued in terms of Sec.14 of IRDAI Act, 1999 and in terms of Regulation 3(2)(b) and (c) of Insurance Regulatory and Development Authority of India (Insurance Surveyors and Loss Assessors) Regulations, 2015.
II. Institutional Practical training:
a) Institutional Practical training for Two Months with National Insurance Academy (NIA) or Insurance Institute of India (III). This should include but not limited to the following:
(i) Introduction to different types of policies, endorsements, various terminologies used in insurance, and nature of claims;
(ii) Industrial and field visits to examine practical cases in co-ordination with insurers and other stakeholders;
(iii) Use of technology, advanced techniques and tools available for assessment of risks and losses;
(iv) Report writing including presentation of the facts, terms and conditions of the policy and admissibility of claims in a precise and accurate manner and importance of timely submission of reports in compliance with regulatory requirements;
(v) Code of Conduct required for treating policyholders fairly during the entire process of assessment of loss.
b) Additional departments: A person can enroll for upto three departments during the aforesaid programme subject to meeting the eligibility criteria. For each of the additional departments, after passing the relevant examination, the applicant has to undergo practical training for a period of 2 weeks.
c) The fee per person payable to institution is as specified by III or NIA, as the case may be.
III. Practical training of Six Months with Individual Experienced Surveyors having 8 years of experience in the concerned department:
a) The curriculum remains the same as mentioned at para II(a) under the institutional training.
b) For the applicants, a maximum of three departments are allowed at the time of enrolment subject to meeting the eligibility criteria.
c) Additional departments: After passing the relevant examination, the applicants have to complete training for each additional department for a period of 8 weeks with the experienced surveyor having licence and at least eight years of experience in that line of business.
d) The training shall be imparted by an experienced surveyor as a part of code of conduct towards professional development by surveyors without charging any fee.
IV. After completion of the training, the applicant has to pass the Final practical test conducted by NIA or III and submit the training evaluation cum completion certificate for issue or renewal of license
V. This is issued with the approval of the Competent Authority.
