The Institute of Insurance and Risk Management (IIRM), Hyderabad, is renowned for its rigorous focus on management education in insurance, risk management, actuarial science, and allied fields. IIRM offers an industry-aligned mix of Postgraduate (PG), Diploma, and Executive programs designed for future leaders in the financial services and insurance sectors. The programs are designed to create industry-ready professionals by blending academic theory with practical training, using regular, executive, and online learning modes as appropriate.
As of 2025, IIRM Hyderabad primarily offers specialized postgraduate programs and diplomas. Here are the core offerings:
Post Graduate Diploma in Management (PGDM)
International Post Graduate Diplomas: Risk Management, Life Insurance, General Insurance, Reinsurance
Post Graduate Diploma in Actuarial Science (PGDAS)
Online Executive PG Diploma in Actuarial Science
While there is no mention of undergraduate or PhD programs, the institute’s offerings are tailored to postgraduates and working professionals.
PGDM (All Specializations):
Duration: 2 years, full-time (6 trimesters)
Eligibility: Graduate in any discipline (minimum 50%) from a recognized university. Candidates in their final year are also eligible. Admissions are based on national-level test scores like CAT, XAT, MAT, ATMA, GMAT, CMAT, or state CETs. Candidates also appear for personal interviews as part of the process.
PG Diploma in Actuarial Science (PGDAS):
Duration: 2 years, full-time
Eligibility: Graduate or post-graduate in Maths, Statistics, Econometrics, Commerce, or Engineering. Must have a valid score in CAT/XAT/MAT/ATMA/GMAT/CMAT/State CETs, or have cleared at least one actuarial exam (IAI-ACET, IFoA, SOA, or CAS). Personal interview and an internal Actuarial Proficiency Test are also part of the selection process.
International PG Diplomas:
Duration: Varies (typically 1-2 years, depending on specialization/course structure)
Eligibility: Bachelor’s degree in any discipline; admissions may require entrance exams or relevant work experience depending on the modality.
Fees at IIRM are considered affordable relative to specialized management institutes in India:
PGDM: Total tuition ranges from Rs. 1 lakh to Rs. 9.5 lakh for the full course, depending on specialization.
PG Diploma in Actuarial Science: Rs. 14 lakh for two years (PGDAS).
Other Diplomas: Fees range from Rs. 2 lakh to Rs. 14 lakh based on the type and duration.
Fees are payable per year or per semester, subject to updates as per institute norms. Application fees and minor deposits may apply.
Regular/Full-time: All PGDM and traditional PG Diploma programs are delivered in a full-time regular classroom format.
Online Mode: Select executive and specialized diplomas are available via online or hybrid modes, suitable for working professionals who seek flexibility while upskilling.
| Course Name | Duration | Eligibility | Fee |
|---|---|---|---|
| Post Graduate Diploma in Management (PGDM), all specializations | 2 years | Graduate (min 50%) + CAT/XAT/MAT/ATMA/GMAT/CMAT/State CETs + PI | Rs. 1L – 9.5L |
| PG Diploma in Actuarial Science (PGDAS) | 2 years | Graduate/Postgraduate (Maths/Stats/Engg/etc) + Entrance or Actuarial Exam | Rs. 14L |
| International PG Diploma in Risk Management | 1-2 years | Graduate (min 50%) + Entrance/Relevant Experience | Rs. 2L – 14L |
| International PG Diploma in Life Insurance | 1-2 years | Graduate (min 50%) + Entrance/Relevant Experience | Rs. 2L – 14L |
| International PG Diploma in General Insurance | 1-2 years | Graduate (min 50%) + Entrance/Relevant Experience | Rs. 2L – 14L |
| International PG Diploma in Reinsurance (Online) | 1-2 years | Graduate (min 50%) + Entrance/Relevant Experience | Rs. 2L – 14L |
| Executive PG Diploma in Actuarial Science (Online) | 1-2 years* | Graduate (min 50%), likely with work experience | Rs. 2L – 14L |
*Duration of executive/online programs may differ or be modular, as per course structure and working professional needs.
Admissions remain competitive, and it is advisable to monitor the latest notifications for changes in eligibility or fee structure.
IIRM programs are generally specialized for postgraduates, executives, and professionals aspiring for roles in insurance, analytic, actuarial, and related financial domains, rather than broad-based undergraduate or doctoral education.
| Course | Average Fees | Duration | Action |
|---|---|---|---|
| PGDM | 1 lakh to Rs. 9.5 lakh | 2 Years | |
| PGD | Rs. 14 lakh | 2 Years | |
| Certificate | Rs. 50,000 to Rs. 1,50,000 | 6 to 12 months |