Addendum to Current Loss Survey Limits for Categorized Surveyors
In compliance to the IRDA circular no. 026/IRDA/SUR/CIR/DEC-08 dated 22nd December 2008 & order no. IRDA/SUR/REG/ORD/071/04/2015 dated 10th April 2015, based on current business requirements, internal limits for allocation of surveys/loss assessment work has been re-worked out as under.
|Line of Business||
Category – C / Licentiate
|Category – B / Associate||Category – A / Fellow|
|Marine Cargo and Miscellaneous||Rs. 10,00,000||Rs. 25,00,000||Unlimited|
|Motor||Rs. 7,50,000||Rs. 15,00,000||Unlimited|
|Fire||Rs. 25,00,000||Rs. 50,00,000||Unlimited|
|Engineering||Rs. 25,00,000||Rs. 50,00,000||Unlimited|
Please note: The mentioned amounts are all upper limits (in Rupees) and a surveyor with a higher category will be able to assess losses of lower limits.