Last Date for submission of applications for admission -
31st May, 2014 and 16th June, 2014 (with late fee).

• Courses Offered
  The following Courses are offered for the Academic year 2014-2015 commencing from July 2014.
  
  International PG Diploma in

  • Insurance (General & Life)
  • Risk Management

  
  nternational PG Diploma Plus in

  • Insurance (General & Life)
  • Risk Management

  
  (The Institute offers special coaching which will enable candidates to acquire the globally recognized Dip CII, London as part of IPGD plus program.)
  
  A candidate can choose only one out of the above courses.
  
  All courses are of one year Duration.
  
  Eligibility :

  • Graduate in any discipline including Engineering / MBA from any recognized University (with a minimum of 50% marks) or candidates with professional qualification like CA, ICWAI, CS etc.
  • Those having PG Qualification with 50% or more marks will be considered even if such candidates secure less than 50% in graduation.
  • Candidates appearing for the final year examinations can also apply for provisional admission.
• CII / London Accreditation
  CII London is a premier professional international organization (established in 1912) in the Insurance and Financial Services Industry. IIRM’s International Post Graduate Diploma holder in Life Insurance, General Insurance or Risk Management, under regular and Distance Learning mode, is entitled for 210 credits out of 290 credits required for ACII qualification. ACII qualification is globally recognized as a sign of competence, commitment and professionalism. This feature gives an international status to the Insurance and Risk Management courses of IIRM. IIRM is one of the centers for CII examinations held in April and October, every year.
  
  * Accreditation is subject to periodical review by Chartered Insurance Institute (CII), London from time to time.
  
  

  Instructions to IPGD Students for taking CII examinations (click for details)

  
  

  IIRM has achieved "Accredited Professional Development Centre status" of Chartered Insurance Institute, London (click for details)

  
  (Further Details about CII London : Click here)
• Special Features
  • IRDA, Hyderabad has recognized IIRM’s IPGD Courses (Insurance and Risk Management) to be on par with Fellowship of III, Mumbai, as suitable qualification for placement in insurance sector. (click for details)
  • The Institute of Risk Management (IRM), London will accept IPGDRM diploma holders for direct entry to the grade of Certificant of IRM (CIRM) on complying with their formalities. (click for details)
  • The successful holders of IIRM’s IPGD(Insurance and Risk Management) Diploma are entitledfor 220 credits out of 250 from Insurance Institute of India (III), Mumbai for their Associateship qualification.
  • SBI Life Insurance Company Ltd has instituted an annual Merit Prize of Rs.1,00,000/- to the student scoring over all highest marks in the Institute’s IPGDI / IPGDRM exams. A gold medal will also be awarded to the winner.
  • CII, London, have also instituted a scholarship of £ 1000 to the student qualifying first as an Associate in the batch within one year of completing the course.
  • Apart from the above three awards, IIRM also gives cash prizes to meritorious students.
• Admission Procedure
  • Step 1 : Duly completed Applications are to be sent to the Institute by courier / registered post with copies of all certificates and Demand Draft for Rs. 337/- (Including service tax) on or before 31st May 2014.
  • Step 2 : Applications with all certificates are also accepted till 16th june 2014 with a late fee of Rs. 562/- (including service tax) by the way of Demand Draft.

  Candidates are selected based on their performance in the personal interview.
  
  Applications received after the due date and incomplete / defective applications without registration fees will not be entertained. (Final admission is strictly subject to fulfilling the entry level qualifications.)
  
  Download Application Form
  
  Completed application forms to be sent to -
  Registrar
  Institute of Insurance and Risk Management (IIRM)
  Plot No. 38/39, Financial District, Nanakramguda, Gacchibowli,
  Hyderabad - 500 032.
  Andhra Pradesh, India.
• Fees Detail

  Course	Course Fee (Rs.)	Service Tax (12.36%)	Study Material (Rs.)	Deposit (Rs.)
  IPGD Insurance (General & Life)	2,50,000.00	30,900.00	15,000.00	3,000.00
  IPGD Risk Management	2,50,000.00	30,900.00	15,000.00	3,000.00
  IPGD Plus Insurance (General & Life)	2,80,000.00	34,608.00	15,000.00	3,000.00
  IPGD Plus Risk Management	2,80,000.00	34,608.00	15,000.00	3,000.00

  Fees once paid will not be refunded under any circumstances.
• Admission of Foreign Students
  Foreign students will be admitted directly to the IPG Diploma Plus.
  
  Registration fee of USD $34 (application fee USD $30 and towards service tax USD $4) along with filled-in Application form.
• Download Application Form

Last Date for submission of applications for admission -
31st May, 2014 and 16th June, 2014 (with late fee).

• About Actuarial Science
  "Actuarial services , predominantly in insurance and pensions but increasingly in a much wider range of activities, are critically important, to the performance of clients, to the long term well-being of consumers, and to the stability of the financial system" (Morris Review of the Actuarial Profession: Final Report,2005).
  
  The Actuary and his Role :
  An actuary is always linked, by general impressions, with insurance and his role to the job of asset-liability valuation of insurers.
  
  As opined by the Morris committee of the H.M. Treasury, London, and quoted above, an actuary’s role, in fact, extends to the whole gamut of the financial systems of any country, including the effects that the global communities make on them. His job is managing risk for profit of any firm, of any size. Product Designing, Product Pricing, Customer Value Management, Risk Management and Capital Management are the five key elements in the alchemy of an actuary – be it insurance, banking, fund management, any financial or risk-based organization of private or government entities.
  
  While most of the developed countries are engaging the so-important actuarial services to their economic benefits, countries like India are yet to gear up their ‘economic benefits’ to the actuarial advices. The reasons are many and the most important one being the dearth of such services. There are not many amongst the bright and capable graduates and post-graduates from the universities to take up the qualifying examinations to become actuaries, for the plausible reason that there are no regular and standard institutions offering the class-room courses for these examinations.
• Actuarial Science Course
  The Course :
  (Campus Learning)
  
  The course is called International Post Graduate Diploma in Actuarial Sciences. Due care is taken to teach similar subjects prescribed for the professional examinations of the Institute of Actuaries of India, Mumbai and at the same stringent standards, so that the students get well prepared to take up the I. A.I. examinations with a good deal of confidence, as also Institute’s International Post Graduate Diploma.
  
  International Post Graduate Diploma in Actuarial Sciences has been granted VEE Credits for 3 Subjects (Finance and Financial Reporting, Statistical Methods and economics) by the Society of Actuaries (SOA), Illinois, USA. (click for Society of actuaries (SOA), Illinois, USA).
  
  It is one academic year course and spread over two semesters. In between the semesters students are provided internshipwith industry majors.
  
  Awards :
  One of the industry majors, Catlin Insurance Company Ltd. has instituted an annual cash award of Rs.1.00 lac to the student securing highest marks in our post graduate diploma in Actuarial Sciences.
• Enrolment Procedure
  • Graduates or Post Graduates of any discipline with a Second Class pass (an overall 50% of pass marks) and with Mathematics or Statistics or Economics as one of the subjects in which a minimum of 60% marks is essential, are eligible to apply.
  • The Applicant for the Course can be either an individual or sponsored by their Employers / Companies / Organizations.
  • Applicants will be selected as students through a personal interview to assess the suitability of the applicants for the Course.
  • The students admitted to the course will make their own arrangements for seeking student membership of any professional actuarial Institutes either in India or abroad and IIRM has no role to play in the matter.
  • Similar eligibility conditions enumerated above are applicable for partial enrollment students also.
  • IIRM offers special partial enrollment to students for specific subjects of the Course in which the applicants are interested and who fulfill the eligibility criteria stipulated for normal enrollment. This will facilitate applicants to choose the subjects, which they want to appear for the actuarial professional examinations, instead of going through the entire course of 2 semesters. These applicants must necessarily have appeared at least in one subject of the actuarial professional examinations for which documentary evidence must be shown.
  • The fees for partial enrollment of students is mentioned elsewhere is in addition to registration of Rs. 300 plus service tax @ 12.36%.
  • The students admitted for partial enrollment are entitled to receive certificate of attendance from IIRM in addition to memorandum of marks. Such students are not entitled to receive IIRM’s Diploma.
  • Fee once paid will not be refunded under any circumstances.
  • The fees mentioned in this document is towards the tuition fees only and does not include any other benefit or facility.
  • The Students must bear all the costs of purchase of the reading material for the Course subjects, on their own account, and also make their own arrangements for payment of enrollment fee for Student membership and the examination fees for the actuarial professional examinations, from the respective bodies.
• Fees Detail
  • The fee for the entire 2 semester Course is Rs. 2,50,000/- plus applicable service tax @ 12.36%. Caution deposit of Rs. 3000/- towards computer lab and library. The caution deposit is refundable after completion of 2nd semester.
  • Fees once paid will not be refunded under any circumstances.
  • The registration fees is Rs. 300/- plus 12.36% service tax.
  • The fees for specialenrollment for one Subject will be Rs. 31,250/- plus applicable service tax @ 12.36%.
  • The partial enrollment fees must be paid at least 30 days before the commencement of the semester, in which the required subject is taught.
• Course Structure
  • ISAS 01 FINANCIAL MATHEMATICS (CT1)
  • ISAS 02 FINANCE AND FINANCIAL REPORTING (CT2)
  • ISAS 03 PROBABILTY AND MATHEMATICAL STATISTICS (CT3)
  • ISAS 04 MODELS (CT4)
  • ISAS 05 CONTINGENCIES (CT5)
  • ISAS 06 STATISTICAL METHODS (CT6)
  • ISAS 07 ECONOMICS (CT7)
  • ISAS 08 FINANCIAL ECONOMICS (CT8)
• Download Application Form