IRDAI Surveyor Engineering (S-05) study guide
IRDAI Surveyor Engineering (S-05) · Work through your exam, one topic at a time.
The IRDAI Surveyor Pre-Licensing Examination, conducted by the Insurance Institute of India (III), is a mandatory pre-licensing assessment for individuals seeking to become licensed insurance surveyors and loss assessors in India. The regulatory framework is the IRDAI Insurance Surveyors and Loss Assessors Regulations, 2015, framed under sections 42D, 64UM and 114A of the Insurance Act, 1938, as amended by the Insurance Laws (Amendment) Act, 2015, and section 26 of the IRDAI Act, 1999. The exam is intended for trainee surveyors who have completed the required training and wish to obtain a licence to practice. It covers four domains: (1) Insurance Surveyors and Loss Assessors Regulations and Regulatory Framework, (2) Principles of Insurance and Loss Assessment Practice, (3) Fire and Property Loss Assessment, and (4) Motor and Miscellaneous Loss Assessment. The IRDAI Surveyor Engineering (S-05) study guide has 4 sections and about 1,254 words.
01Insurance Surveyors and Loss Assessors Regulations and Regulatory Framework
This domain tests the statutory architecture that governs surveyors in India: the Insurance Act, 1938, the IRDA Act, 1999, and the IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015. The examiner looks for precise rules on licensing, conduct, reporting and discipline, not general insurance theory.
356 words, about 2 min02Principles of Insurance and Loss Assessment Practice
This domain tests whether you can apply insurance principles to quantify a loss. The exam favours short scenarios where you must identify the governing principle before calculating.
293 words, about 1 min03Fire and Property Loss Assessment
This domain tests the standard fire and special perils (SFSP) policy, investigation of fire cause, and property damage valuation. Expect questions on coverage, exclusions, average clause and documentation.
305 words, about 2 min04Motor and Miscellaneous Loss Assessment
This domain tests motor own-damage and third-party claims, plus miscellaneous classes such as engineering, liability and crop. The examiner expects correct application of IDV, depreciation, total loss and policy exclusions.
300 words, about 2 min