Hi buddy can you here tell me about Renew License of IRDA, as my brother doing work as surveyor in an insurance company ??

As you asking I am telling as per Insurance Regulatory and Development Authority (IRDA) regulations one need to renew their surveyor license every five years.

From Insurance Regulatory and Development Authority (IRDA) side one
get reminder email 3 months before the license expiration date informing one to renew their license before expiry.

one are also required to pay the required renewal license fee.

There are certain prerequisites and conditions that one need to remember while renewing their license.


Requirement for License Renewal

One can renew their license 90 days before the date of expiration. If one apply for renewal three months before the license expiry date, a warning message is displayed.

For license renewal, first one need to submit Form 12 for the current year before one go ahead with their license renewal.

If one try to renew your license before submitting form 12, a warning message is displayed.

Conditions for Late Renewal

Condition


Description

Renew License application submitted one month before expiration


Renewal fee of Rs 200

Renew License application submitted within less than thirty days before license expiry or six months after expiration


Renewal fee of Rs 200 and Late Fee of Rs 750

Renew License application submitted after six months from expiration


License gets expired. Apply for a Fresh License