IRDAI Surveyor Motor (S-06) study materials

IRDAI Surveyor Motor (S-06) study guide

IRDAI Surveyor Motor (S-06) · Work through your exam, one topic at a time.

The IRDAI Surveyor Motor (S-06) credential sits inside India's surveyor licensing framework. IRDAI's Surveyors department page states that the Authority framed the IRDAI Insurance Surveyors and Loss Assessors Regulations, 2015, in exercise of powers conferred by sections 42D, 64 UM 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 S-06 paper is the motor specialisation within the surveyor pre-licensing examination route; the examinations themselves are administered by the Insurance Institute of India, not by this site. Candidates are typically trainee surveyors who must clear a pre-licensing examination before seeking a licence, and the motor paper concentrates on motor insurance and loss assessment practice. The IRDAI site maintains separate surveyor registries for Corporate Surveyors, Director Partner Surveyors and Individual Surveyors, which is a useful reminder that the licence is held in different entity forms. Preparation should start from the regulatory text: read the 2015 Surveyors Regulations, then the motor policy wording and claims practice material, then work through assessment scenarios such as own-damage and third-party claims, depreciation and total loss. Topics on this exam: Motor Insurance and Loss Assessment (Surveyor S-06). The IRDAI Surveyor Motor (S-06) study guide has 1 section and about 420 words.

Motor Insurance and Loss Assessment (Surveyor S-06)

This domain tests whether you can read a motor policy as a claims document: distinguish own-damage from third-party liability, apply IDV and depreciation correctly, and assess a loss the way an IRDAI-licensed motor surveyor must. Questions commonly test the Insurance Act 1938 Section 64UM, the IRDAI (Surveyors and Loss Assessors) Regulations 2015, and Indian Motor Tariff practice. Own damage (OD) : the insurer indemnifies the insured's vehicle for accident, fire, theft, riot, natural calamity and transit perils. Policy excess (compulsory plus voluntary) and No Claim Bonus operate here.

420 words, about 2 min

More study resources for IRDAI Surveyor Motor (S-06)

Practice questionsUnder the Motor Vehicles Act, within what period must the insured notify the insurer of an accident involving damage to the vehicle, unless a longer period is permitted by the policy terms?
FlashcardsIDV definition. Insured Declared Value is the manufacturer's listed selling price of the vehicle including accessories at policy commencement, less depreciation for age; it is the maximum sum insured for own damage claims.
Cheat sheetMotor tariff structure: Own Damage (OD) premium is tariff/IRDAI-filed rate applied to Insured Declared Value (IDV); Third Party (TP) liability premium for private cars is fixed by engine capacity bands (below 1000cc, 1000-1500cc, above 1500cc) and for two-wheelers by capacity bands; TP rates are statutory, not negotiable.
Key termsInsurable Interest. The legal and pecuniary relationship a person has with the insured vehicle such that they benefit from its continued existence and suffer loss if it is damaged.
Study planMap the full S-06 syllabus into a one-page checklist covering Motor Insurance and Loss Assessment, tagging each sub-area as strong, weak, or unknown.
Common mistakesMost older textbooks and coaching notes were written pre-detariffication, so candidates memorise tariff wording and never learn that the tariff was withdrawn and replaced by file-and-use products regulated under the IRDAI (Insurance Products) Regulations, 2024, with policy terms driven by the filed wordings and the Motor Vehicles Act.
Exam-day guideCarry the exact document the exam body issues for S-06.