Institute of Insurance and Risk Management (IIRM)
Management InstitutesManagement InstitutesAndhra Pradesh
Location:
Hyderabad, Andhra Pradesh, India, Andhra Pradesh
Type:
Management Institutes
Phone:
+91 40 23556470, 236
Email:
email@iirmworld.org.in
About Institute of Insurance and Risk Management (IIRM)
Overview
- Official Name: Institute of Insurance and Risk Management (IIRM), Hyderabad
- Common Short Name: IIRM Hyderabad
- Type: State Public Institute (Established by the Government of Andhra Pradesh)
- Year Established: 2002
- Campus Location: Hyderabad, Telangana, India (Note: Hyderabad is in Telangana state since 2014; earlier part of Andhra Pradesh)
- Approvals & Affiliations:
- Recognized by the Government of Telangana.
- Affiliated to the Department of Higher Education, Telangana State.
- Approved by Insurance Regulatory and Development Authority of India (IRDAI).
- NAAC Accreditation: Not available on official sources as of 2024-06-01.
- Official Website: https://iirmworld.org/
Quick Facts
- Founder: Government of Andhra Pradesh (now Telangana)
- Director: Dr. K. Sreeramulu (as per latest updates on official site)
- Student Population: Approximately 500+ (undergraduate and postgraduate students)
- Departments/Faculties: Primarily focused on Insurance, Risk Management, Actuarial Science, and Finance
- Contact Info:
- Phone: +91-40-23431155
- Email: info@iirmworld.org
- Address: Survey No.31, Opp. Cyber Towers, HITEC City, Madhapur, Hyderabad - 500081, Telangana
- NAAC Grade: Not available on official sources as of 2024-06-01
- Rankings: Specialized institute; not listed in NIRF rankings as of 2024. Refer official site for updates.
Courses & Programs
- Major Faculties: Insurance, Risk Management, Finance, Actuarial Science
- Popular Courses:
- PG Diploma in Insurance & Risk Management – Duration: 1 year – Mode: Regular
- Two-Year Post Graduate Diploma in Insurance & Risk Management (PGDM) – Mode: Regular
- PhD programs in Insurance and Risk Management (Research) – Duration: Varies
- Certificate courses and workshops related to insurance sector
- Intake: Varies by program; for PGDM approx. 60 seats per year
Admissions
- Admission Modes: Merit-based, entrance exam conducted by IIRM, and interviews
- Accepted Entrance Exams:
- TS ICET / other state-level management entrance tests (for PG courses as applicable)
- No national level entrance exam is mandatory, but performance in respective tests considered
- Admission Timeline:
- Applications typically open in April-May; admissions close by July
- Refer official admissions page: https://iirmworld.org/admissions/
- Application Process:
- Visit the official website admissions page.
- Download the application form online or collect from the campus.
- Fill in the required details and attach relevant academic documents.
- Submit form online via portal or send the physical form to the institute address.
- Pay application fee online or as per instructions.
- Prepare and appear for institute selection test/interview if applicable.
Eligibility Criteria
- PG Diploma Courses:
- Graduation in any discipline from a recognized university with minimum 50% marks.
- Preference given to candidates with background in Commerce, Economics, Management, or Science.
- No age limit specified.
- PhD Programs:
- Master’s degree in relevant discipline with minimum 55% marks.
- Qualifying research entrance test/interview.
- Documents Required:
- Academic transcripts and certificates
- Transfer/Migration certificate
- Proof of identity (Aadhar/PAN/Passport)
- Passport size photos
- Caste certificate (if applicable)
- Entrance exam scorecard (if applicable)
Fee Structure & Scholarships
- Indicative Fees:
- PG Diploma in Insurance & Risk Management: Approx. ₹40,000 - ₹60,000 per year
- PhD Programs: Fees vary; refer official website for updates
- Additional fees: Hostel fees (~₹15,000 - ₹25,000/annum), examination fees as applicable
- Scholarships & Financial Aid:
- Merit-based scholarships by institute (subject to availability)
- Government scholarships under State and Central schemes (SC/ST/OBC/EWS category)
- Refer official Telangana Social Welfare Department portals for scholarships: Telangana ePass Official
Placements & Career Outcomes
- Placement Highlights: Institute focuses on insurance sector placements; placement rate approx. 85% for diploma programs
- Average CTC: ₹3.5 - 5 LPA (varies by year and program)
- Top Recruiters: LIC, New India Assurance, IFFCO Tokio, SBI Life, HDFC ERGO, ICICI Lombard
- Placement Cell Contact: Via official website https://iirmworld.org/placements/
- Internship Support: Mandatory internships during PG programs with reputed insurance firms
Campus & Facilities
- Hostels: Separate boys and girls hostels with mess facilities available
- Sports & Recreation: Sports facilities, indoor and outdoor games
- Labs & Libraries: Well-equipped computer labs, extensive library with insurance and finance literature
- Healthcare: On-campus medical facilities and tie-ups with local hospitals
- Transport: Shuttle services and good connectivity by public transport
- Technology: Wi-Fi-enabled campus
- Student Activities: Clubs related to insurance, finance, cultural festivals, seminars, and workshops
Faculty & Research
- Notable Faculty: Experienced professionals and academicians from insurance and risk management fields
- Research Centres: Focus on insurance, actuarial science and risk management research initiatives
- Grants & MoUs: Collaborations with insurance companies and regulatory bodies for research and training details not publicly listed
Rankings & Reputation
- NIRF: Not ranked in NIRF as of 2024 (NIRF Official)
- NAAC: Accreditation status not publicly available
- Other Rankings: Specialized insurance institute with regional reputation
Results, Cut-Offs & Seat Matrix
- Results & Seat Allotments: Published on official website under admissions and academics sections
- Cut-Offs: Based on merit in qualifying exams and entrance tests administered by the Institute
- Category-wise cut-off details not publicly available
- Official links: Admissions Section
How to Reach
- Nearest Airport: Rajiv Gandhi International Airport, Hyderabad (Approx. 30 km)
- Nearest Railway Station: Hyderabad Deccan (Nampally) Railway Station, ~10 km
- City Connectivity: Well-connected by city buses, metro rail (HITEC City Metro Station nearby)
- Local Transit: Auto-rickshaws, ride-sharing services widely available
FAQs
- Q1: What are the eligibility criteria for PG Diploma courses?
- A: Graduation with minimum 50% marks; any discipline eligible.
- Q2: Does IIRM offer any undergraduate programs?
- A: Currently, IIRM offers postgraduate diploma and research programs only.
- Q3: How can I apply for admission?
- A: Apply online via official admissions page or submit physical forms to campus.
- Q4: Are there any scholarships available?
- A: Yes, merit-based and government scholarships for reserved category students apply.
- Q5: What is the placement record?
- A: Placement rate is around 85%; top insurance companies recruit regularly.
- Q6: Are hostels available on campus?
- A: Yes, separate hostels with mess facility for boys and girls.
- Q7: Which entrance exams are accepted?
- A: Primarily institute-level entrance test and merit; state-level tests considered.
- Q8: When are the application deadlines?
- A: Usually between April and July; check official site yearly for updates.
- Q9: Is IIRM recognized nationally?
- A: It is a state autonomous body recognized by state government and IRDAI.
- Q10: How to contact the institute for queries?
- A: Phone +91-40-23431155 or email info@iirmworld.org.
About Institute of Insurance and Risk Management (IIRM)
Institute of Insurance and Risk Management (IIRM)
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