Financial Daily from THE HINDU group of publications
Monday, Jan 16, 2006
Financial Daily from THE HINDU group of publications Monday, Jan 16, 2006 |
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Money & Banking
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Regulatory Bodies & Rulings IRDA slashes entry fee for surveyors Our Bureau
Hyderabad , Jan. 15 FOLLOWING representations from a large section of insurance surveyors, the Insurance Regulatory and Development Authority (IRDA) has decided to reduce the entry fee and annual subscription amounts. Earlier, the IRDA and the Indian Institute of Insurance Surveyors and Loss Assessors had, vide notice dated November 26 last year, invited applications for membership of the Institute indicating the fee structure. They had stipulated an entry fee of Rs 10,000 for the surveyors enrolled before the cut-off date - November 20, 2000, and Rs 5,000 for surveyors enrolled after cut-off date, with an annual subscription of Rs 3,500 for Fellow and Rs 2,500 for Associate. As per the new structure, one-time entry fee would be Rs 5,000 (uniform for all members) and the annual fee would be Rs 2,000 for Fellow and Rs 1,500 for Associate. The due date for submission of applications has also been extended up to February 28.
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