Institute of Insurance and Risk Management Admissions 2026, Courses, Fees & Cutoffs
Avg Package
8.39 LPA
Highest Pkg
15.4 LPA
Institute Type
Public
Total Courses
2 Courses
Institute of Insurance and Risk Management - Overview
Table of Contents
About Institute of Insurance and Risk Management
Institute of Insurance and Risk Management (IIRM), Hyderabad is a specialized management institute established in 2002 as a joint initiative of the Insurance Regulatory and Development Authority of India (IRDAI) and the Government of Telangana. Located in the Financial District of Gachibowli, Hyderabad, IIRM sits amid the city's growing fintech and financial-services ecosystem, giving students proximity to insurance companies, reinsurers, and BFSI (Banking, Financial Services and Insurance) firms that regularly engage with the institute for internships, guest lectures, and recruitment.
Explore the comprehensive list of courses offered by Institute of Insurance and Risk Management, including detailed fee structures, specializations, and eligibility criteria:
Institute of Insurance and Risk Management Courses
2 CoursesGraduation in any discipline (minimum 50% aggregate) with a valid CAT/XAT/CMAT/MAT/ATMA/GMAT score or IIRM-CET, followed by Group Discussion/Personal Interview
Graduates and working professionals seeking a career transition into actuarial science; minimum 50% aggregate in qualifying degree
| Course | Fee Range | Eligibility |
|---|---|---|
| PGDM 8 specializations | ₹ 4.75L - 9.50L Check Fee Details | Graduation in any discipline (minimum 50% aggregate) with a valid CAT/XAT/CMAT/MAT/ATMA/GMAT score or IIRM-CET, followed by Group Discussion/Personal Interview |
| PGDAS 1 specialization | ₹ 52.5K - 1.05L Check Fee Details | Graduates and working professionals seeking a career transition into actuarial science; minimum 50% aggregate in qualifying degree |
Institute of Insurance and Risk Management Admissions
Below is the complete admission information including eligible exams, eligibility criteria, admission process, and important notes for each program offered.
Required Entrance Exams
CAT / XAT / CMAT / MAT / ATMA / GMAT / IIRM-CET
Important Notice
Application window for the PGDM 2026-28 batch has been reported as running from late July to mid-August 2026 in some cycles; candidates should confirm the exact current-year application window with the institute, since intake cycles can vary.
Confused about Admissions?
Don't navigate the complex process alone. Chat with our expert counsellors for 1-on-1 guidance on cutoffs, documentation, and securing your seat.
Placement Statistics
Verified campus placements records for Institute of Insurance and Risk Management
💡 Placement Highlights & Details (2024-25)
IIRM Hyderabad's 2024 placement cycle reported a placement rate as high as 98% in some reports (80% in others depending on the reporting agency and batch), highest package of Rs. 15.40 LPA, average package around Rs. 8.39-9.39 LPA across different sources, and lowest package around Rs. 6 LPA. Given IIRM's niche focus, most placements are concentrated in insurance, reinsurance, risk consulting, and BFSI-adjacent roles rather than broad-based corporate recruitment.
Top Recruiting Partners
6 Recruiters3rd-5th among Government B-Schools in South India
India Today (2025)
Ranked No. 1 in Telangana's Top Public B-Schools
Outlook (2026)
5th among Best B-Schools in Hyderabad
Fortune India (2025)
Complete Rankings Report
Explore all historic rankings and ratings
| Publishing Agency | Ranking / Rating |
|---|---|
India Today (2025) | 3rd-5th among Government B-Schools in South India |
Outlook (2026) | Ranked No. 1 in Telangana's Top Public B-Schools |
Fortune India (2025) | 5th among Best B-Schools in Hyderabad |
Careers360 (2026) | 289th in India / 19th in Hyderabad (aggregate B-school ranking) |
Scholarships & Financial Aid
A central government post-matric scholarship scheme (National Scholarship Portal - PM-USP Yojana) applicable to eligible AICTE-approved PGDM students at IIRM based on income and academic performance criteria.
Available Scholarships
| Scholarship Name | Eligibility Criteria | Award Amount |
|---|---|---|
NSP (PM-USP) Yojana Scholarship A central government post-matric scholarship scheme (National Scholarship Portal - PM-USP Yojana) applicable to eligible AICTE-approved PGDM students at IIRM based on income and academic performance criteria. | 80% in Class 12, enrolled in AICTE-recognized UG/PG courses, parental income up to Rs. 4.5 lakh; must maintain 50% marks and 75% attendance in a regular course | Rs. 82,000 per annum |
National Scholarship for Postgraduate Studies (UGC) A UGC-administered scholarship scheme available to eligible first-time PG students, applicable to qualifying IIRM postgraduate diploma candidates subject to scheme-specific eligibility norms. | First-time postgraduate students under 30 years of age enrolled in UGC-recognized full-time postgraduate programmes | Rs. 10,000 per year or Rs. 15,000 per month (as per scheme terms) |
Merit-Based Fee Concession (CAT/XAT/CMAT Scorers) IIRM offers merit-based scholarships or partial fee waivers to candidates with strong entrance exam performance, at the institute's discretion for each admission cycle. | Candidates with high scores in national entrance exams such as CAT, XAT, or CMAT | Partial fee waiver, amount varies by admission cycle |
Campus Infrastructure
Campus Infrastructure & Facilities
Specialized Library
A library with over 20,000 books, e-resources, and journals focused specifically on insurance, risk management, and actuarial science, supporting PGDM and PGDAS research and coursework.
Sports Complex
Facilities for basketball, volleyball, and a gymnasium supporting student wellness alongside the institute's academic programme.
Hostels (Boys and Girls)
Separate boys' and girls' hostels with a combined capacity of 150-plus students, offering both AC and Non-AC room options, priced approximately Rs. 1.2-2.3 lakh per year.
Hostel & Accommodation
Boys Hostel Fee Structure
| Room Type | Course | Annual Fee |
|---|---|---|
| Non-AC Sharing Room | PGDM & PGDAS Students | ₹120,000 |
| AC Sharing Room | PGDM & PGDAS Students | ₹230,000 |
Girls Hostel Fee Structure
| Room Type | Course | Annual Fee |
|---|---|---|
| Non-AC Sharing Room | PGDM & PGDAS Students | ₹120,000 |
| AC Sharing Room | PGDM & PGDAS Students | ₹230,000 |
* Fees are subject to change. Please contact the administration for the latest details.
Campus Gallery
Campus
Events
Infrastructure
Campus View
Campus View
Campus View
Campus View
Frequently Asked Questions
The total PGDM course fee at IIRM Hyderabad is approximately Rs. 9.5 lakh for the full 2-year programme across specializations including Insurance, Risk Management, HRM, BFSI Management, Marketing, Finance, and Data Science & Analytics, per the institute's PGDM 2026-28 Batch Approved Fee Schedule. Hostel fees are charged separately, ranging from approximately Rs. 1.2 to 2.3 lakh per year.
IIRM Hyderabad has reported placement rates as high as 98% in recent batches, with a highest package of Rs. 15.40 LPA, an average package of approximately Rs. 8.39-9.39 LPA, and a lowest package of around Rs. 6 LPA. Top recruiters include RIMS, Swiss Re, ONGO Framework, Access Health International, Tata, and UNISON.
IIRM's PGDM and PGDAS programmes are approved by AICTE. The institute was established as a joint initiative of the Insurance Regulatory and Development Authority of India (IRDAI) and the Government of Telangana, and continues to be recognized and promoted by IRDAI.
Admission is based on a valid score in CAT, XAT, CMAT, MAT, ATMA, GMAT, or the institute's own IIRM-CET, followed by a Group Discussion and Personal Interview round, and final selection through a merit list.
PGDM, PGDAS
Counselling Updates
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Institute of Insurance and Risk Management, Hyderabad - Overview
Unlike most general-management B-schools, IIRM was purpose-built to address India's shortage of trained professionals in insurance, risk management, and actuarial science -- fields that remain underserved by mainstream MBA curricula. Its flagship two-year, AICTE-approved Post Graduate Diploma in Management (PGDM) is offered with specializations spanning Insurance, Risk Management, Human Resource Management, Banking Financial Services & Insurance (BFSI) Management, Actuarial Science, Marketing, Finance, and Data Science & Analytics, allowing students to combine a general management foundation with deep, sector-specific expertise.
| Particulars | Details |
|---|---|
| Institute Established | 2002 |
| Ownership | Public-Private (IRDAI + Government of Telangana initiative) |
| Location | Financial District, Gachibowli, Hyderabad |
| Courses Offered | PGDM (multiple specializations), PGDAS |
| Approvals | AICTE; promoted/recognized by IRDAI |
IIRM has carved out a distinct institutional niche as one of the few Indian institutes offering a standalone Post Graduate Diploma in Actuarial Science (PGDAS), which grants eligible students an exemption or waiver of up to seven Actuarial Science papers from the Institute of Actuaries of India (IAI), Mumbai -- a significant head start for students pursuing the demanding actuarial qualification pathway. The institute has also been recognized in various regional B-school rankings, including a top position among Telangana's public B-schools by Outlook and a placement among South India's leading government-linked B-schools by India Today. Prospective applicants can review the detailed PGDM and PGDAS fee structure before applying.
Because IIRM operates as an autonomous, government-linked specialized institute rather than a university-affiliated college, its PGDM functions as an independent postgraduate diploma similar in structure to IIM-pattern PGDM programmes, rather than a university degree. Applicants weighing IIRM against general MBA colleges should factor in this niche specialization advantage against the institute's comparatively smaller brand recognition outside the insurance and BFSI sectors, and are encouraged to verify current approvals, fee figures, and admission windows directly with the institute before finalising their decision, since these details are reviewed periodically for each new admission cycle.
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