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Survey Limits

 

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.