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 / Licentiate Member |
Category – B / Associate Member |
Category – A / Fellow Member |
| 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.
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