IRDAI Surveyor Miscellaneous (S-07) case studies
IRDAI Surveyor Miscellaneous (S-07) · Put your knowledge to work in context.
The IRDAI Surveyor Pre-Licensing Examination (commonly referenced as S-07, Miscellaneous) is the licensing gateway for people who want to act as insurance surveyors and loss assessors in India. Surveyors are the professionals insurers appoint to inspect damaged property, investigate claims, quantify loss and report on liability, so the role sits at the meeting point of technical inspection, insurance law and claims ethics. The IRDAI Surveyor Miscellaneous (S-07) case studies are 5 cases and about 2,908 words.
1Fire claim: reinstatement basis, underinsurance and debris removal
A plastic moulding unit in Pune suffered a fire on 14 March. The Standard Fire and Special Perils policy was issued on a reinstatement value basis for building and machinery, and on a market value basis for stock.
667 words, about 3 min2Marine cargo: general average, particular average and deductible
A Chennai importer insured 20 containers of industrial valves from Shanghai to Chennai under an ICC(A) marine cargo policy for ₹10 crore, declared at 110% of CIF. During the voyage the vessel met heavy weather.
596 words, about 3 min3Cyber claim: unpatched VPN, ransomware and exclusion
A 200-bed private hospital in Hyderabad holds a cyber liability policy with a limit of ₹2 crore and a deductible of ₹10 lakh. The policy covers ransomware, business interruption, forensic costs and third-party privacy claims, but excludes loss arising from ‘failure to maintain the security of the system as required by the minimum security standards’ and ‘any prior known vulnerability’.
597 words, about 3 min4Burglary claim: stock records, average and suspected collusion
A jewellery showroom in Jaipur was burgled over a weekend. The burglary policy had a sum insured of ₹3 crore on stock.
538 words, about 3 min5Surveyor conduct: inducement, conflict of interest and reporting
You are an IRDAI-licensed surveyor and loss assessor appointed by an insurer to assess a fire claim at a textile mill. The claim is ₹1.8 crore.
510 words, about 3 min