The Insurance Regulatory and Development Authority of India (IRDAI) has notified that for settling any claim in the line of business (LoB), licensed surveyors will no longer be mandatory. This includes claims under personal accident, motor, health, cyber insurance and travel policies.
The regulator said claims under policies of motor vehicle insurance where the claim is on account of theft or injury or death to third parties, and in respect of loss or damage to crop, trees, plantations, and forests which are covered by the government-sponsored schemes can now be settled without the mandator assessment of a certified surveyor.
