III S-01: pattern, syllabus and fees
The common Section I paper of III's pre-licensing exam for insurance surveyors and loss assessors.
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Access exam-specific mock tests directly from your Android device.S-01 Principles and Practice of Insurance and Survey and Loss Assessment is the Section I paper of the pre-licensing test the Insurance Institute of India conducts for IRDAI. Anyone seeking an IRDAI licence as a Surveyor and Loss Assessor sits it along with the departmental paper for their department (S-02 Fire to S-09 Crop). The study course (IC S01, 2023 edition) has 19 chapters: risk and the principles of insurance, underwriting, the law, the survey profession, claim admissibility, loss assessment, reporting, accounting, grievance redressal, and an overview of fire, miscellaneous and marine insurance.
Eligibility Criteria
schoolEducation
Depends on the department you enrol for (IRDAI Surveyors Regulations, Schedule-I). For example: Motor needs a mechanical or automobile engineering degree or 3-year diploma. Fire accepts an engineering degree or 3-year diploma, CA, CMA, a III Fellowship, or a PG diploma from IIRM or NIA. Crop needs a BSc in Agriculture or Horticulture, or a BTech in Agricultural Engineering.
cakeAge Limit
III's handbook prints no separate age limit. You must first be enrolled with IRDAI as a trainee surveyor.
flagNationality
Set by IRDAI's trainee surveyor enrolment. Check the enrolment rules on the IRDAI portal.
Exam Pattern
S-01 is an online, objective multiple-choice paper, marked out of 100. You pass with 60 marks out of 100. III holds it four times a year, in March, June, September and December. III's handbook does not print the number of questions or the time allowed for surveyor papers, so check the latest on the III website before you book. Fresh candidates pay a one-time ₹500 registration fee and ₹500 per paper, plus tax. III publishes no chapter-wise weightage.
Key Topics & Syllabus
III's 19 chapters (IC S01, 2023 edition)
- check_circleChapter 1: The Concept of Risk
- check_circleChapter 2: Insurable Interest and Utmost Good Faith
- check_circleChapter 3: Indemnity and its Corollaries
- check_circleChapter 4: Proximate Cause
- check_circleChapter 5: Underwriting Practices
- check_circleChapter 6: Types of Loss
- check_circleChapter 7: Hazards and Risk Exposures
- check_circleChapter 8: Laws Relating to Insurance Business
- check_circleChapter 9: Other Laws Relevant to Insurance Business
- check_circleChapter 10: Introduction to Surveys
- check_circleChapter 11: Survey Profession: Past and Present
- check_circleChapter 12: Factors Affecting the Admissibility of the Claim
- check_circleChapter 13: Loss Evaluation, Assessment and Adjustment
- check_circleChapter 14: Reporting
- check_circleChapter 15: Accounting Principles and Practices
- check_circleChapter 16: Grievance Redressal
- check_circleChapter 17: Fire and Loss of Profits (Fire) Insurance
- check_circleChapter 18: Miscellaneous Insurance
- check_circleChapter 19: Marine Cargo and Hull Insurance
Inside III S-01 Premium
Full-length S-01 mocks
Timed papers marked out of 100 and scored against the 60% pass mark, across all 19 chapters.
Section-wise practice
Drill our seven chapter groups separately, so the areas you keep getting wrong get extra repetition.
Explained answers
Every question carries a short explanation of the principle or rule it tests, not just the correct option.
Career Roles & Salary
Licensed Surveyor and Loss Assessor
Fee-based, per survey
An IRDAI-licensed professional who inspects, assesses and reports on general insurance claims in the departments on their licence: fire, engineering, marine cargo, marine hull, loss of profit, motor, crop or miscellaneous.
Claims roles at insurers, brokers and TPAs
Salaried
Claims teams work with the same principles, law and loss assessment that S-01 covers.
How to Prepare
Check your department's qualification
IRDAI's Surveyors Regulations list the qualification for each department in Schedule-I. Pick the department your degree or diploma fits.
Enrol with IRDAI as a trainee surveyor
Enrol as a Student Member. From enrolment you have three years to pass the exam and finish practical training, or you must enrol again.
Register and book S-01 with III
Pay ₹500 registration once and ₹500 per paper, plus tax. Then book a slot in the March, June, September or December session.
Study the IC S01 course
Work through all 19 chapters, including the ones outside your own department.
Pass S-01 and your departmental paper
Score at least 60 out of 100 in each paper. With your practical training done, you can apply to IRDAI for your licence.
Important Dates (Tentative)
| Event | Expected Date |
|---|---|
| Exam sessions | March, June, September and December each year |
| Enrolment (2026) | 5 to 15 January, April, July and October |
| Results (2026) | By 31 March, 30 June, 30 September and 31 December |
* Dates are indicative based on historical patterns. Check the official website for confirmed dates.
Prepare for III S-01 the smarter way
Free mock tests, chapter-wise practice questions and a personalized study plan, built around the latest III S-01 pattern.
Related IRDAI exams
- IC-38IC-38 Insurance Agents Certification
- IRDAI POSPIRDAI Point of Sales Person
- III IC-01 Principles of InsuranceIII IC-01 Principles of Insurance (Licentiate)
- III IC-11 Practice of General InsuranceIII IC-11 Practice of General Insurance (Licentiate)
- III IC-22 Life Insurance UnderwritingIII IC-22 Life Insurance Underwriting (Associateship)
III S-01 guides
- SyllabusThe III S-01 surveyor exam syllabus from the IC S01 study course (2023 edition): all 19 chapters, what each covers, and how to group them for study.
- Study MaterialThe official study material for III S-01 is the IC S01 course, 2023 edition, in English only. What it covers and what to read alongside it.
- Pattern & FeesIII S-01 exam pattern: online MCQ, marked out of 100, 60 to pass, four sessions a year. Fees: ₹500 registration plus ₹500 per paper, plus tax.
- Insurable interest & good faithS-01 chapter 2 in plain words: who has insurable interest, what utmost good faith demands, and how a surveyor checks both on a claim.
- Indemnity, subrogation & contributionS-01 chapter 3: indemnity and its corollaries, subrogation and contribution, with worked rupee examples of how each shapes a claim.
- Proximate causeS-01 chapter 4: the proximate cause test, the chain of events, intervening causes and excluded perils, with claim examples a surveyor meets.
- Types of lossS-01 chapter 6: actual total loss, constructive total loss, partial loss, general average and consequential loss, with worked examples.
- Physical & moral hazardS-01 chapter 7 for surveyors: physical hazards to note on site, moral hazard red flags in a claim, and how to report them without guessing.
- Insurance lawsS-01 chapters 8 and 9: section 64UM, the IRDA Act, the 2015 Surveyors Regulations as amended in 2020, the code of conduct, and other laws.
- Claim admissibilityS-01 chapter 12: the checks that decide if an insurance claim is payable at all, from policy period to proximate cause, with a fire example.
- Average & salvageS-01 chapter 13 with a worked fire claim: depreciation, salvage, the average clause and excess, applied in the right order.
- Survey reportS-01 chapter 14: what preliminary and final survey reports contain, who signs, and the report timelines in the surveyor regulations.
- Grievance redressalS-01 chapter 16: insurer GRO, Bima Bharosa, the Insurance Ombudsman and consumer commissions, and where a survey report fits in a dispute.
- S-01 vs departmentalHow III S-01 differs from the eight departmental papers, where they overlap, what both cost, and how to plan them together.
- Formula SheetThe 10 formulas S-01 Surveyor questions use most: loss assessment: depreciation, salvage, average, excess and loss of profits. With a worked example.
- Practice Questions15 free III S-01 practice questions with answers and explanations, across risk and principles, loss assessment, the survey profession and lines of business.
- Motor depreciation & IDVThe motor parts depreciation schedule (rubber and plastic 50%, fibreglass 30%, glass nil, metal by age) and the IDV grid, with a worked repair claim.
- Average calculatorWork out an underinsured claim: enter sum insured, value at risk, assessed loss and excess. The formula, a worked example, and when average does not apply.
- Duties & code of conductEvery duty in regulation 13 and every code of conduct rule in regulation 16 of IRDAI's surveyor regulations, plus the report deadlines and what breaking them costs.
- Eligibility & RegistrationWho can sit III S-01, and the route through IRDAI's trainee surveyor enrolment.
- Role of a SurveyorA surveyor assesses the cause and extent of a loss, and reports on it independently.
- Reinstatement ValueReinstatement value is the cost to replace with new, unlike indemnity value, which allows for depreciation.
- Under-InsuranceUnder-insurance arises when the sum insured is below value, so average may reduce a claim.
- Mitigation of LossAn insured must act to limit a loss as if uninsured.
- Salvage and DepreciationSalvage is what damaged property is still worth, and depreciation reflects age and wear.
III S-01 FAQ
What is the III S-01 exam?
S-01 Principles and Practice of Insurance and Survey and Loss Assessment is the Section I paper of the pre-licensing test the Insurance Institute of India conducts for IRDAI. Anyone seeking an IRDAI licence as a Surveyor and Loss Assessor sits it along with the departmental paper for their department.
What is the S-01 exam pattern?
An online, objective multiple-choice paper marked out of 100. III's handbook does not print the number of questions or the time allowed for surveyor papers.
What are the passing marks for S-01?
60 marks out of 100, which is 60%.
What is the S-01 syllabus?
The study course IC S01 (2023 edition) has 19 chapters. They run from the concept of risk and the principles of insurance through underwriting, the law, the survey profession, claim admissibility, loss assessment, reporting, accounting and grievance redressal, to an overview of fire and loss of profits, miscellaneous, and marine cargo and hull insurance.
Which departmental papers go with S-01?
Section II has eight papers: S-02 Fire, S-03 Marine Cargo, S-04 Marine Hull, S-05 Engineering, S-06 Motor, S-07 Miscellaneous, S-08 Loss of Profits and S-09 Crop. You take the one for the department you enrolled for.
How much is the S-01 exam fee?
Fresh candidates pay a one-time ₹500 registration fee, then ₹500 per paper, plus applicable tax.
Who is eligible for S-01?
Candidates enrolled with IRDAI as trainee surveyors. The qualification depends on the department. For example, Motor needs a mechanical or automobile engineering degree or 3-year diploma, and Crop needs a BSc in Agriculture or Horticulture.
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