How To Become An Insurance Surveyor​?

An insurance surveyor is the middle man between policy holder and insurer. He is the one who investigates, validates, or deals with losses on behalf of an insurer while working with compliance regulations stipulated under the law. But the question is how to become an insurance surveyor. Here, you will get the answer. 

To become an insurance surveyor in India, you need to register on the IRDAI BAP portal, clear the III (Insurance Institute of India) exam, and complete 6 months of practical training under a senior surveyor. A candidate who wants to become an insurance surveyor should have a diploma in engineering, a CA certification, or an equivalent qualification in the same industry. 

How to register as a surveyor or loss assessor? 

• Enrollment: Start the registration process by registering on the IRDAI BAP portal and creating a user ID and password. 
• Passing the examination: Pass the mandatory surveyor examination conducted by the Indian Institute of Insurance Surveyors and Loss Assessors. 
• Get practical training: Complete practical training with a licensed surveyor or institutional training in a selected department. 
• Submit application: You are required to submit the application form 16 A along with all the necessary documents using the BAP portal. 
• License issuance: Once IRDAI verifies the application along with the ‘fit and proper’ status, a license will be issued. 

How to become insurance surveyor?

• Register on the BAP portal. 

As discussed above, create a user ID, submit an application by uploading all the required educational documents that show your qualification to become an insurance surveyor. 

• Get enrolled for training. 

Begin your practical training by registering yourself as a trainee surveyor with an experienced category A or B. 

• Pass the III exams 

Appear for the insurance surveyor or loss assessor examination, which is conducted by the Insurance Institute of India, which requires a minimum of 60% marks to qualify. 

• Complete the training period. 

Consider going through the 1 year of practical training, ensuring the senior surveyor submits all the required quarterly reports or Form IV on your behalf. 

• And apply for a license. 

Once you complete the training, apply for a fresh surveyor complete training completion certification on the BAP portal. 

Things to consider before applying before delving into the process of How to become insurance surveyor​? 

• Educational qualification 

Having a solid technical background to handle claim assessment is good. It requires a graduation degree or diploma in engineering, accountancy, or medicine. 

Having membership in the Indian Institute of Insurance surveyors or loss assessors is important. 

You should choose a department like Motor, Fire, Engineering, or Miscellaneous according to your qualifications. 

• IRDAI 

The Insurance Regulatory and Development Authority of India strictly regulates the profession. It requires registration on the IRDAI BAP portal, passing the III examination, and getting a license. 

• Complete the mandatory training. 

Practical experience is mandatory to obtain a license. 

• Training Mode: Be sure you undergo the training under a senior licensed surveyor via an approved institutional program. 
• Quarterly reports: Applicants are required to submit quarterly reports or Form 13 during the training period. 

Conclusion! 

One is required to follow a structured process that requires technical expertise, working with compliance, and practical training to become an insurance surveyor. They work as independent intermediaries between policyholders and insurers. If you are interested in becoming one, then look at the above procedure and follow the same to lead to your dreams in India.