Page 61 - Insurance Times December 2020

Circular

IRDAI Circular

Guidelines for Practical Training for 3. The applicant shall then undergo practical training
either
Surveyors and Loss Assessors a) for 2 months with Insurance Institute of India /
National Insurance Academy / any other institution
IRDA/SUR/GDL/MISC/288/12/2020
approved by the IRDAI from time to time
Date: 02-12-2020
(Or)
I. Preliminary b) through internship for 6 months with any Insurance
These guidelines set out the detailed procedure for practical Surveyor and Loss assessor who has at least 8 years’
training for obtaining fresh / renewal licence to act as a experience in the concerned department.
surveyor and loss assessor. 4. The approved Institute / insurance Surveyor and Loss

These guidelines are being issued in terms of Sec.14 of IRDAI Assessor shall give “Training evaluation cum completion
Act, 1999 and in terms of Regulation 28 of Insurance certificate” to the successful candidates.
Regulatory and Development Authority of India (Insurance 5. The student member shall submit the “Training
Surveyors and Loss Assessors) Regulations, 2015 and evaluation cum completion certificate” to IRDAI for
amendments thereof. issue of licence.

II. Fresh Applicants (applying for Surveyor and Loss III. Insurance Surveyor and Loss Assessor seeking
Assessor Licence for the first time) licence in additional departments:
1. The Applicants shall complete the prescribed practical 1. The Applicants shall complete the prescribed practical
training for obtaining fresh License to act as Insurance training for obtaining license in each of the additional
Surveyor and Loss Assessor after having fulfilled the departments, after having fulfilled the following:
following: a. The applicant must comply with the qualification
a. The applicant must comply with the qualification criteria set out in the schedule 1 of the Regulations,
criteria set out in the schedule 1 of the Regulations, 2020.
2020. b. Shall enroll with IRDAI for the written examination

b. Shall enroll with IRDAI for the written examination with Insurance Institute of India and qualify in the
with Insurance Institute of India and qualify in the examination
examination. 2. The applicant shall then undergo practical training
c. The applicant should enroll himself / herself as either,
Student Member with IIISLA. (a) for 2 weeks with Insurance Institute of India /
National Insurance Academy / any other institution
2. The Student Member enrolled with the Authority shall
pass the examination and complete training within a approved by the Authority from time to time
period of three years from the date of enrolment. (Or)
The Insurance Times, December 2020