Addendum to Current Loss Survey Limits for Categorized Surveyiors
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 /
Category – B /
Category – A /
|Marine Cargo||Rs. 25,00,000||Rs. 40,00,000||Unlimited|
|Motor||Rs. 15,00,000||Rs. 35,00,000||Unlimited|
|Fire||Rs. 40,00,000||Rs. 1,00,00,000||Unlimited|
|Engineering||Rs. 40,00,000||Rs. 1,00,00,000||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.
I’m here to offer you friendly advice and help.
Are you sure you want to end the session?
Do you wish to continue?
Session expire in 1:00
Do you want to continue chat?