Everything about Insurance Surveyor Exam: Eligibility Criteria & More
How do insurance companies verify the truth behind a claim? And who holds the responsibility of accepting or rejecting it?
The ultimate answer to this question is an Insurance Surveyor. They carefully investigate the case, inspect damages, check documents, and submit a detailed report to help insurers make fair decisions. The only gateway to work as a surveyor in India is by qualifying for the Insurance Surveyor exam.
To know everything about the IRDA Surveyor exam eligibility, syllabus, and application process, join us in this blog till the end.
What is an Insurance Surveyor?
Insurance surveyors are licensed professionals who assess and verify insurance claims. Their main role is to inspect the damage, loss, or accident reported by the policyholder. Insurance companies ask surveyors to provide an independent report about the claim.
For instance, if a car meets with an accident, the insurance surveyor will check the vehicle, take photos, verify repair costs, and then prepare a report for the insurance company.
To become an insurance surveyor, you have to qualify for an exam as per the regulations of IRDA (Insurance Regulatory and Development Authority). This exam is called the insurance surveyor exam.
Insurance Surveyor Exam Eligibility
To become an insurance surveyor, a candidate must hold a relevant degree/diploma, pass the III Licentiate exam, complete mandatory training, and obtain a license from IRDAI. Here is the detailed explanation for the IRDA Surveyor exam eligibility and Qualifications for an Insurance Surveyor:
| Criteria | Details |
|---|---|
| Education | Degree or diploma in Engineering, Insurance, Law, or Accounting. Specialization is necessary depending on the claim type. |
| Training | Practical training with a senior surveyor as per IRDAI guidelines. |
| Exam | Pass the Surveyor and Loss Assessor Exam (S-01 paper + one departmental subject) conducted by the Insurance Institute of India or the National Insurance Academy. |
| License | Register on the IRDAI BAP Portal and apply for the Surveyor License. |
How to Apply for the Insurance Surveyor Exam Online?
Here are the steps to apply for the insurance surveyor exam:
1Registration on the BAP Portal
- Create an account on the IRDAI BAP Portal.
- After registration, you can submit a training request.
2Select Trainer and Department
- Choose a trainer and the department/specialization for your training.
- The department should align with your educational background and preferred claim type.
3Wait for the Trainer Acceptance
- If the trainer accepts your request, you will receive an email confirmation from IRDAI.
- In case you are rejected, select another trainer.
4 Enroll as Trainee Surveyor
- Fill Form 13 to enroll for the training officially.
- Complete the practical training under the selected trainer or approved institutional program as per IRDAI guidelines.
5Appear for the Surveyor Exam
- After the trainer submits your third quarterly report, the Insurance Institute of India (III) schedules your Surveyor and Loss Assessor exam.
- The exam includes the S-01 paper (Principles and Practice of General Insurance and Survey and Loss Assessment) and at least one specialized subject.
- It is a must to score 60% marks in the Surveyor and Loss Assessor exam.
6Receive Completion Certificate
- Once you finish the practical training, the trainer issues a Training Completion Certificate.
- This certificate confirms your eligibility to apply for the license.
7Apply for Surveyor License
- After successfully clearing the exam, submit your application on the IRDAI BAP Portal to get the Surveyor and Loss Assessor license.
- Once approved, you can officially operate as a licensed insurance surveyor.
What is the Role of an Insurance Surveyor?
An insurance surveyor is responsible to:
- Check and investigate the loss caused by an accident or mishap.
- Report the findings to the insurance company or policyholder.
- Always stay fair to protect the interests of both insurer and insured.
- Conduct a detailed inspection of the loss and re-inspect if needed.
- Verify that the policyholder actually owns the property and has a real insurable interest.
- Advice to prevent future losses and suggest safe measures.
- Seek expert guidance whenever required.
Conclusion
Understanding the Insurance Surveyor exam steps and meeting the IRDA Surveyor exam eligibility are the first steps to becoming a successful surveyor. It is important to have the right qualifications for an Insurance Surveyor to handle different types of claims.
Once you get the license, you can investigate and assess insurance claims. An Insurance Surveyor is a good career for those who want to work in insurance and handle different types of claims.
Surveyors also help prevent future losses by giving advice and following safe practices.
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