IC S01 Study Material for the III S-01 Exam
One official course, in English only. Here is how to use it, and the regulations worth reading next to it.
The official study material for III S-01 is the Insurance Institute of India's own course, IC S01 Principles and Practice of Insurance and Survey and Loss Assessment (For Surveyors), Year of Edition 2023. Its 19 chapters are the S-01 syllabus, chapter for chapter.
One detail catches people out: III's handbook offers its surveyor study material in Hindi and English, except for S-01 and S-09. The S-01 course is in English only.
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The Official S-01 Course at a Glance
| Item | Detail |
|---|---|
| Course code | IC S01 |
| Title | Principles and Practice of Insurance and Survey and Loss Assessment (For Surveyors) |
| Edition | Year of Edition 2023 |
| Language | English only |
| Chapters | 19, from The Concept of Risk to Marine Cargo and Hull Insurance |
| Publisher | Insurance Institute of India (III) |
Check the Price and Format With III
III lists the course in its handbook's study-course table. Prices and formats change, so check III's current study material price list before you order rather than relying on an old figure from a forum.
What to Read Alongside the Course
The middle chapters of S-01 (the law, the survey profession, admissibility and reporting) rest on documents you can read for free in their original form. Reading the source once makes the course chapters easier to remember.
Insurance principles questions. No signup.
Free Primary Documents Worth Reading
- check_circleThe IRDAI (Insurance Surveyors and Loss Assessors) Regulations, 2015, and the Amendment Regulations, 2020. They define the Student Member, set the 3-year limit to pass the exam and finish training, and grant licences by department.
- check_circleThe surveyor's duty list in those Regulations: declaring any interest in the subject matter, checking the cause of loss, ownership and insurable interest, commenting on excess and under-insurance, recommending depreciation, commenting on salvage, and giving reasons when a claim is not covered.
- check_circleThe report timelines in the same Regulations: a survey report to the insurer within 30 days of appointment, with an extension of up to six months in complicated cases.
- check_circleIRDAI's master circular on protection of policyholders' interests (IRDAI/PP&GR/CIR/MISC/117/9/2024, 5 September 2024), which the duty list tells surveyors to follow.
- check_circleThe General Insurance Council's complaints and grievances page, a plain guide to the routes a policyholder can take, useful for chapter 16.
Which Document Helps Which Chapter
| S-01 chapters | Read alongside |
|---|---|
| 2-4 The principles | Any sound text on insurance principles; our concept pages on this site cover them free |
| 8-9 The law; 10-11 The profession | The Surveyors Regulations 2015 and the 2020 amendment |
| 12-14 Admissibility, assessment, reporting | The surveyor duty list and report timelines in the Regulations |
| 16 Grievance Redressal | IRDAI's 2024 policyholder master circular; the General Insurance Council's grievance page |
Reading Is Not Recall
Finishing the course tells you what you have read, not what you can answer. After the first full read, switch to questions on the principles chapters, where scenarios test whether you can apply indemnity or proximate cause, not just define them.
FAQs
Which is the official book for III S-01?expand_more
III's own study course IC S01, Principles and Practice of Insurance and Survey and Loss Assessment (For Surveyors), Year of Edition 2023.
Is IC S01 study material available in Hindi?expand_more
No. III's handbook offers surveyor study material in Hindi and English except for S-01 and S-09, so the S-01 course is English only.
Is the IC-01 book enough for S-01?expand_more
No. IC-01 covers the principles of insurance, which overlap with S-01's early chapters, but S-01 adds the survey profession, claim admissibility, loss assessment, reporting and the lines of business. Use the IC S01 course.
Do I need to read the IRDAI Surveyors Regulations?expand_more
It helps. They set out the surveyor's duties and report timelines, which sit behind S-01's chapters on the profession, admissibility and reporting.
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