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    Survey Fee 2013

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    Existing Fees Revised Fees Rs.500/- Rs.750/- (2) Fees for Re-Survey: Re-Survey fees will be payable at 50% of the normal survey fees. (3) Fees for Additional Work: Additional fees may be paid for additional work involved in complicated cases, reconditioning of salvage, preparation of detailed inventory, valuation of antiques, jewellery, art works etc. subject to a ceiling of 50% of normal survey fees. (4) Fees for Additional Visit: Additional visit fees may be paid at 50% of normal survey fees for

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    Survey Fee 2013

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    abc
    301 views6 pages
    Existing Fees Revised Fees Rs.500/- Rs.750/- (2) Fees for Re-Survey: Re-Survey fees will be payable at 50% of the normal survey fees. (3) Fees for Additional Work: Additional fees may be paid for additional work involved in complicated cases, reconditioning of salvage, preparation of detailed inventory, valuation of antiques, jewellery, art works etc. subject to a ceiling of 50% of normal survey fees. (4) Fees for Additional Visit: Additional visit fees may be paid at 50% of normal survey fees for

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    Existing Fees Revised Fees Rs.500/- Rs.750/- (2) Fees for Re-Survey: Re-Survey fees will be payable at 50% of the normal survey fees. (3) Fees for Additional Work: Additional fees may be paid for additional work involved in complicated cases, reconditioning of salvage, preparation of detailed inventory, valuation of antiques, jewellery, art works etc. subject to a ceiling of 50% of normal survey fees. (4) Fees for Additional Visit: Additional visit fees may be paid at 50% of normal survey fees for

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    301 views6 pages

    Survey Fee 2013

    Uploaded by

    abc
    Existing Fees Revised Fees Rs.500/- Rs.750/- (2) Fees for Re-Survey: Re-Survey fees will be payable at 50% of the normal survey fees. (3) Fees for Additional Work: Additional fees may be paid for additional work involved in complicated cases, reconditioning of salvage, preparation of detailed inventory, valuation of antiques, jewellery, art works etc. subject to a ceiling of 50% of normal survey fees. (4) Fees for Additional Visit: Additional visit fees may be paid at 50% of normal survey fees for

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    of 6

    ..

    GlPSA

    GENERAL INSURERS' (PUBLIC SECTOR) ASSOCIATION OF INDIA


    Ground Floor, Jeevan Deep (Rear Wing), Parliament Street, New Delhi-II 000 1
    Phones:011-23744596 / 97 198 Fax 011-23744599

    lOur Ref. No. :NSD/CS/20 13

    14th March, 2013

    To,

    The Chairman-cum-Managing Director,


    Member Companies

    Re.: Revision of Survey Fee I Investigation Fees I Expenses


    Dear Sir,
    The Indian Institute of Insurance Surveyors and Loss Assessors, Hyderabad, vide its proposal
    dated 27.4.2011, had made a representation for revision of Survey Fee I Expenses which had
    been last revised in the year 2007.
    The matter was referred to GIPSA by United India Insurance Co. Ltd. vide its communication
    dated 14.12.2011 and was placed before the Governing Board (GB) Meeting held on
    28.12.2011. The Governing Board directed GIPSA for the issue to be taken up and discussed
    by GMs (Tech) of the Member Companies. Accordingly, the matter was debated in the meeting
    of GMs (Tech) of Member Companies held on 03.02.2012. Representations had also been
    made and inputs provided by others including Mr. A.K. Govil of MIs MACK Surveyors Pvt.
    Ltd. which were shared with the GMs (Tech).
    After detailed discussion, the GMs (Tech.) agreed on the necessity of some amendments in the
    existing Survey I Investigation Fee and Expenses Schedule. Requisite suggestions were
    submitted by the Member Companies to GIPSA and the same were collated and consolidated at
    GIPSA. The proposed amendments were placed before the Governing Board of GIPSA and
    were deliberated upon in its meetings held on 14.12.2012 and 31.01.2013. The proposal for
    revision was finally discussed and approved in the GB Meeting held on 26.02.2013.
    A copy of the Revised Survey / Investigation Fee / Expenses Schedule as approved by the
    Governing Board is enclosed. For the sake of uniformity, it is advised by the Board that the
    st
    same shall be made effective in the Member Companies w.e.f 1 April, 2013 for the losses
    occurring on or after 01.04.2013.
    A scanned copy of the Revised Schedule has also been mailed to CMD Secretariats of Member
    Companies for necessary action.
    Kindly acknowledge receipt of the communication.

    (1\1:. Pa sha~)
    '-- ~ Executive

    ~Encl~: As above

    REVISED SCHEDULE OF SURVEY 1 INVESTIGATION FEES 1 EXPENSES


    I
    (1)

    FIRE AND ENGINEERING:

    M a tena
    . I D ama!!e:

    S.No.
    1.

    2.
    3.
    4.

    5.

    Assessed Loss (Rs.)


    Upto 50,000/-

    Above 50,000 upto


    1,00,000/Above 1,00,000/upto 10,00,000/Above 10,00,000/to 25,00,000/-

    Above 25,00,0001upto 50,00,000/-

    Existing Fees (Rs.)


    10% of the assessed loss
    subject to minimum of

    Revised Fees (Rs.)


    12% ofthe assessed loss
    subject to minimum of

    1,50015,000/- + 2% on balance

    2,500/6,000/- + 2.25% on
    balance above 50,000/-

    above 50,000/6,000 + 1.5% on balance


    above 1,00,000119,500 + 1.25% on
    balance above 10,00,000/38,250 + 1.00% on
    balance above 25,00,000/-

    7,125 + 1.75% on balance


    above 1,00,000/22,875 + 1.5% on balance
    above 10,00,000/45,375 + 1.25% on
    balance above
    25,00,000/-

    6.

    Above 50,00,000/upto 1,00,00,000/-

    63,750 + 0.75% on
    balance above 50,00,000/-

    76,625 +0.75% on
    balance above
    50,00,000/-

    Above 1,00,00,000/upto 5,00,00,000/Above 5,00,00,000/-

    1,01,250 + 0.20% on
    balance above

    1,14,125 + 0.20% on
    balance above

    1,00,00,000/-

    1,00,00,000/-

    1,81,250 + 0.10% on
    balance above
    5,00,00,000/(Subject to maximum of

    1,94,125 + 0.10% on
    balance above
    5,00,00,000/(Subject to maximum of

    6,00,000/-)

    7,00,000/-)

    Notes1 For assessment under Indemnity as well as Reinstatement Value Policies, the survey
    fees applicable will be on the Gross assessed loss on Reinstatement Value Basis.
    2 The Schedule shall also apply on loss or damage to stock at intermediate storage
    place or at any other storage place covered in the policy.
    (2)

    Loss of ProfitAssessed Loss (Rs.)


    Upto 5,00,000/Above 5,00,000/- upto
    10,00,000/-

    Above 10,00,000/upto 1,00,00,000/-

    Above 1 Crore

    (3)

    Existing Fees (Rs.)


    200% of Material Damage
    Fees
    Rs.21,OOO + 150% of fees for
    Material Damage on balance
    amount exceeding
    Rs.5,00,000/Rs.37,125/- + 100% of fees
    for material damage on
    balance amount exceeding
    Rs.I0,00,000/Rs.1,36,625/- + 70% of fees
    for material damage on
    balance amount exceeding
    Rs.l ,00,00,0001- subject to
    maximum ofRs.5,00,000/-

    Revised Fees (Rs.)


    200% of Material Damage
    Fees
    Rs.28,250/- + 150% of fees
    for Material Damage on
    balance amount exceeding
    Rs.5,00,OOO/Rs.41,375/- + 100% of fees
    for material damage on
    balance amount exceeding
    Rs.I0,00,000/subject to maximum of
    Rs.5,00,000/-

    Preliminary Survey Fees:


    Appointment of any preliminary surveyor for Property Damage Claim should be
    avoided as far as possible. In case, any preliminary surveyor has to be appointed then his
    fees may be paid at flat amount of Rs.5,000/- irrespective of category of the surveyor.

    (4)

    Fees Payable to the Surveyors where assessment of the claim is not required:
    I Tn'bunaII 0 mbudsmanoffiIce 1 Consumer Forum etc.
    A.ppearance In
    . aC
    ourt
    Category of
    Existing Fees
    Revised Fees
    Surveyors
    Category A
    Rs.4,OOO per day
    Rs.4,800 per day
    Category B
    Rs.3,OOO per day
    Rs.3,600 per day
    Category C
    Rs.2,000 per day
    Rs.2,400 per day

    (5)

    Total loss claims:


    A claim may be treated as Total Loss when salvage value is below 5% of the sound
    value of the property destroyed. The fee to be paid for total loss claim may be restricted
    to 75% of the fees prescribed for normal claims.

    (6)

    Salvage:
    When the surveyor is required to undertake reconditioning and sale of salvage on behalf
    of the Account 1 Interest concerned, he may be paid fees and actual expenses maximum
    upto 5% of value realized.
    II

    MISCELLANEOUS DEPARTMENT

    (1)

    Schedule of Survev Fees:


    Continue the existing practice i.e. to use Fire & Engineering Survey Fee Schedule for
    Misc. Dept. also.

    (2)

    Schedule for Doctors' Fees:


    In regard to Doctors Fees for Mediclaim and other health policies, the existing practice
    of deciding the fees by DGMI CRM depending upon the standing of the Doctor will
    continue subject to the followif!g limits:
    Existing Fees
    Maximum ofRs.l,500/-for
    Maximum ofRs. 750/- for
    General Physicians
    Specialists

    III
    (1)

    MARINE (CARGO) SURVEY FEES

    Assessment of LosslDama!!e to all types of Car!!o'


    (a) Job work exceeding 5 hours for any loss:
    Existing Fees
    Revised Fees
    Category of
    Surveyor
    Category A Rs.5,000/- for on the job
    Rs.6,000/- for on the job
    exceeding 5 hrs per day subject
    exceeding 5 hrs per day subject
    to a maximum ofRs.50,000/to a maximum of Rs.40,000/CategoryB Rs.4,OOO/- for on the job
    Rs.4,800/- for on the job
    exceeding 5 hrs per day subject
    exceeding 5 hrs per day subject
    to a maximum ofRs.35,000/to a maximum of Rs.30,000/Rs.3,OOO/- for on the job
    Category C Rs.2,000/- for on the job
    exceeding 5 hrs per day subject
    exceeding 5 hrs per day subject
    to a maximum ofRs.25,000/to a maximum of Rs.20,000/(b) On the .iob work not exceeding 5 hrs for any loss:
    Revised Fees
    Existing Fees
    S. No. Category of
    Surveyor
    Maximum of Rs.3,OOOCategory A Maximum of Rs.2,5001
    2

    CategoryB

    Maximum ofRs.2,OOO/-

    Maximum ofRs.2,500/-

    Category C

    Maximum ofRs.l,OOO/-

    Maximum ofRs.l,500/-

    Notes1 Appointing office should pay the survey fees, if the insured does not pay. Survey
    fees should also be paid, even if the liability to the insurer is NIL under the policy.

    (2)

    For claims involving machinery and equipment requiring detailed inspection in line
    with Engineering Surveys to ascertain the extent of loss, Fire & Engineering
    Schedule of Fee will be applicable.

    CI'
    alms fior non- d erIve~ an d s h ort aees:
    S. No. Category of
    Existing Fees
    Surveyor
    1
    Category A Maximum ofRs.2,500-

    Revised Fees
    Maximum of Rs.3,OOO-

    Category B

    Maximum of Rs.2,OOO/-

    Maximum of Rs.2,500/-

    Category C

    Maximum ofRs.l,OOO/-

    Maximum of Rs.l,500/-

    Note - For ClaIms mvolvmg machmery and equipments requiring detailed inspection in
    line with Engineering Surveys to ascertain the extent of loss, Fire &
    Engineering Schedule of Fees will be applicable.
    IV
    (1)

    (2)

    S urvey F ees:
    Estimate of Repairs
    S.
    No.
    (Rs.)
    1.
    Upto 20,000/2.
    20,000/- to 50,000/3.
    50,000/- to 1,00,000/4.
    1,00,000/- to 2,00,000/5.
    Above Rs.2,00,000/-

    Valuation of Vehicle:
    Existin Fee
    Maximum Rs.500/-

    MOTOR DEPARTMENT
    Existing Fees

    Revised Fees

    Rs.600/Rs.900/Rs.l,lOO
    Rs.1,7001Rs.2,000/- + 0.50%
    on balance above
    Rs.2,00,000/- subject
    to a maximum fee
    Rs.7,000/- in all.

    Rs.750/Rs.l,lOO/Rs.1,300
    Rs.2,OOO/Rs.20001- + 0.65%
    on balance above
    Rs.2,OO,OOO/subject to maximum
    ofRs.10,000/-.

    Revised Fee
    Maximum Rs.7501-

    (3)

    I nvestil~at'Ion fior OD CIalms:


    Existing
    Revised
    Upto Rs.600/- plus
    Rs 1500/- plus conveyance by public transport and/or by
    Two Wheeler, T A and DA and other out of pocket
    out-of-pocket
    expenses. Additional fee for additional effort for
    expenses
    complicated cases. In exceptional circumstances the
    Third Party claim investigator may be reimbursed
    conveyance expenses by CarlTaxi provided prior
    approval is obtained from com~etent authority.

    (4)

    R'
    e-IDsDectlon ISmot S urvev Fees:
    Existing Fees
    Re-inspection I Spot
    S.No.
    Survey
    Upto 80Kms
    Rs.SOO/1.
    Rs.7S0/Above
    80Kms
    2.

    Revised Fees
    Rs 7S0/Rs 1,000/-

    (S)

    Outstation Survey (SpotJFinallRe-inspection) involving overnight Stay away from


    the normal place of work:
    Fees calculated at 150% of the amount determined as per scale given above will be
    payable.

    (6)

    Motorized Machines:
    The above schedule is to apply for Survey jobs in respect of motorized machines also.
    However, in the case of following types of miscellaneous class vehicles, Fire &
    Engineering fee schedule may apply.

    lJ;;0.:"

    (a)
    (b)

    Cranes: Breakdown vehicles, mobile cranes and goods carrying vehicles having
    a crane as a part of or fixed to the vehicle or trailer.
    Dumpers, Dust Carts, Water Carts, Road Sweepers and Tower Wagons,
    Mechanical Navies, shovels, Grabs, Excavators, Mobile Plant, Road Rollers, Site
    Clearing and Leveling Plant and Tar Sprayers.

    GENERAL PROVISIONS APPLICABLE TO ALL DEPARTMENTS

    (1)

    Fees for Joint Survey:


    Appointment of Joint Surveyors shall be at the discretion of Head Office and fee for
    joint survey may be paid @ l33 1/3% of the schedule to be shared equally.

    (2)

    Fees of Consultant I Specialist:


    Wherever a Consultant / Specialist is appointed to assist the surveyor, his fee shall be
    negotiated and agreed at the time of appointment itself.

    (3)

    Additional fees payable at the discretion of the company:


    Whenever any special efforts are required for assessing loss in respect of complicated
    claims, payment of additional fees if any, may be decided by the companies as per the
    following level.
    DGMs / CRMs
    - Upto 150% of Survey Fees including the claims falling
    within the Financial Authority of Divisional Offices.
    OM
    - Upto 200% of Survey Fees
    HCC
    - Exceeding 200% of Survey Fees

    (4)

    Investigation Fees (other than Motor):


    DGMs / CRMs to negotiate in advance the fees depending upon status of the
    investigators and nature of investigation.

    (5)

    Conveyance Expenses:
    Survey undertaken within local Municipal limits / township/city/urban
    agglomeration

    (i)

    Class of City
    A Class Cities
    Other Places
    (ii)

    Existing Fees
    Rs.300/Rs.200/-

    Revised Fees
    Rs.500/Rs.300/-

    Survey undertaken outside local Municipal limits / township/city/urban


    agglomeration.
    (a)
    Reimbursement on actual basis (Travel by Air / Rail):
    Category 'A'
    Air (Economy) / AC II Tier
    Surveyors
    AC-II - Discretion for allowing travel by higher
    Category 'B' &
    classes for difficult areas and due to urgency shall
    'C' Surveyors
    be with CRMlDGM
    (b)
    Where the surveyor travels by road:
    (i)
    Where the surveyor travels by road in his own car upto a distance
    of 350 Kms from his normal place of work to attend to a survey,
    he shall be paid uniformly a Km. rate equal to 15% of the local
    price of petrol per litre for distance actually travelled. Where the
    distance travelled is more than 350 Kms, he may do so with the
    prior approval of the officer appointing him for the work
    (ii)
    Where the surveyor travels by taxi with the prior approval of the
    appointing officer he will be entitled to claim mileage allowance
    as per sub item (i) above or actual taxi fare incurred whichever is
    lower.
    (iii)
    Existing
    Revised
    the
    surveyor If the surve or undertakes the
    If

    undertakes the journey


    in his own motor cycle or
    scooter to the site of the
    accident, the travelling
    expenses are to be fixed
    by the appointing office
    while granting approval
    for such travel.

    journey in his own motor cycle or


    scooter to the site of the
    accident/garage and other places
    on the claims work he shall be
    paid uniformly a KM -rate equal
    to 7.5% of the local price of petrol
    per litre for distance actually
    traveled.

    (6)

    Hotel charges:
    Reimbursement of lodging charges for stay in any ITDC or 3 Star Hotel (A.c. single
    room) may be made to surveyor on production of original bills and receipts from the
    hotel. However, if accommodation is not available in any of the ITDC or 3 star Hotel
    then the surveyor may stay in any other hotel in which case, the maximum lodging
    charges payable to the surveyor will be either the lodging charges applicable to ITDC / 3
    Star Hotel or actual expenses incurred towards lodging charges whichever is lower.

    (7)

    D allV
    1 H a ltine: Allowance:
    Class of City
    Existing Fees
    Revised Fees
    Rs.600/A Class Cities
    Rs.750/B Class Cities
    Rs.500/Rs.600/Other Places
    Rs.400/Rs.500/The Dally HaltIng Allowance shall be paid for the penod commencIng from the time of
    outward journey from the headquarter to the time of return to the headquarter. Payment
    of daily halting allowance shall be regulated by the following scale:
    (a) Every unit of 24 hours
    Full daily halting allowance
    (b) Period exceeding 12 hours
    Same as for 24 hour unit
    (c) Period exceeding 6 hours but not
    50% of the amount for a 24 hour unit
    Exceeding 12 hours
    (d) Period not exceed inK 6 hours
    30% of the amount for a 24 hour unit
    No daIly haltIng Allowance shall be paid for journey within the jurisdiction of the
    Surveyors Headquarters i.e. Municipal or town limits.

    (8)

    Photoe:raDihS /vod
    I eo ICD s:
    Existing
    To be reimbursed based on the number of
    photos (post-card size) @ Rs.I0/- for
    ordinary photographs (color) and Rs.15/for digital photographs. Bills/Cash memos
    not to be insisted. It was recommended
    that in addition to still photographs, Video
    Photography may also be encouraged and
    expenses reimbursed subject to a
    maximum ofRs.l,OOO/-.

    Revised
    Charges to be reimbursed on the basis of
    actual number of digital photographs @
    Rs.IO/- per photo subject to a maximum
    of Rs.200/-. Bills / cash memos not to
    be insisted upon. In addition to still I
    digital photographs, Videography may
    be encouraged and actual expenses be
    reimbursed subject to a maximum of
    Rs.l,OOO/-.

    Effective Date:
    This Revised Schedule shall be effective from 01.04.2013 for the losses occurring on or after
    01.04.2013.

    *****

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