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INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY - page 11 / 28

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Fee Structure: The following scale of fees shall be payable to IRDA from the fresh applicants for grant of licence.

S.No.

Category of Surveyor and Loss Assessor

Amount payable for Individuals (Rupees)

1.

A

Ten Thousand

2.

B

Seven Thousand five hundred

3.

C

Five Thousand

6.

If the fee is made for a category of surveyor and loss assessor licence which involves payment of higher sum of money and IRDA grants a licence whose category involves payment of lower fees the IRDA shall refund the balance to the applicant within a reasonable period of time through a crossed cheque in favour of the applicant.

7.

The application complete in all respect along with bank draft and the certificates attested by a Notary Public or a Justice of Peace should be forwarded by the applicant to the following address by Registered Post;

Insurance Regulatory and Development Authority

Gate No. 3, First Floor, Jeevan Tara Building

5, Parliament Street, New Delhi-110 001.

Tel. No. 3364711.

Enquiry Between 1500 hrs. to 1600 hrs.

As the licence is issued bilingual viz., in Hindi and English, the applicant may like to indicate how he spells his name in Hindi.  It is therefore, requested that the name and address may be written both in Hindi & English.

8.

Payment in Cash or by Money Order, Cheque, Postal Order, Postage or Insurance Stamp or Bank Draft is not accepted and will be returned at applicant’s cost.

9.

No acknowledgement of this application will be sent. If one is required the application should be sent by registered post (acknowledgement due). No application is accepted by hand.

10.

An affidavit duly notorised on two rupees non-judicial stamp paper is required to be furnished for both fresh & renewal of licences in the form of a declaration as contained against S.No. of 3 of the application form.

11.

Rule 56A as inserted by the Insurance Amendment Rules, 1971, 56A additional technical qualification for Surveyor/Loss Assessor.  Following shall be the technical qualifications for the purpose fo item (f) of the sub-clause (I) of clause ‘D’ of the subsection (I) of Section 64UM of the Act, namely:-

(a)

Fellowship or Associateship or Licentiateship held on the 26th October, 1968 or Fellowship or Associateship by Examination subsequently acquired of the Institute of Surveyors and Loss Adjusters, Bombay.

(b)

Fellowship or Associateship of the of the Royal Institute of British Architects, London and or degree of Diploma in Architecture of a recognised University of Institute secured after attending full time course and by passing the examination of such University.  

(c)

Fellowship or Associateship of the Institute of Chartered Accountants of English and Wales.

(d)

Fellowship or Associate Membership of the Institute of Coasts and Works Accountants in the United Kingdom.

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