BIMTECH is one of the very few colleges in India to offer a specialized course in Insurance Management. BIMTECH’s PGDM in Insurance Business Management (IBM) achieves a good placement record every year with the majority of recruiters being Insurance Firms. Apart from PGDM in Insurance Business Management, BIMTECH also offers specialized PGDMs in Retail Management and International Business.
PGDM in Insurance Business Management (IBM) is a 2-year full-time program which is equivalent to MBA. Admission to the PGDM IBM program is based on valid CAT or XAT or CMAT or GMAT or MAT scores.
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BIMTECH PGDM IBM Highlights
Particulars |
Details |
Course Name |
Post Graduate Diploma in Management in Insurance Business Management (PGDM IBM) |
Basic Eligibility |
Graduate with Minimum 50% Marks |
Selection Criteria |
CAT, XAT, GMAT, CMAT or MAT and Personal Interview |
Specializations |
Life Insurance, General Insurance, Health Insurance and InsurTech |
Intake |
60 |
Total Fees |
INR 13,00,000 |
Placement 2024 |
Highest Package - INR 14 LPA |
Top Recruiters |
Allianz, Digit, SBI Life, SBI General Insurance, Swiss RE, Anand Rathi |
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BIMTECH PGDM IBM Important Dates 2024
Some of the Important Dates for PGDM IBM are as follows:
PGDM IBM Events |
Dates |
Last Date to Apply |
December 2, 2023 |
Phase 2 PI |
Online: March 9 - March 15, 2024 (Tentative)
Offline: March 16 - March 21, 2024 (Tentative) |
Declaration of Final selection list |
March 2024 (Tentative) |
Commencement of Classes |
June 15, 2024 (Tentative) |
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BIMTECH PGDM IBM Cutoff 2024
BIMTECH accepts valid CAT or XAT or CMAT or GMAT or MAT scores for Admission to the PGDM IBM program. The expected cutoff for Admission 2024 is as follows:
Course |
CAT |
XAT |
GMAT |
CMAT |
MAT |
Post Graduate Diploma in Management in Insurance Business Management (PGDM IBM) |
60 |
60 |
60 |
70 |
70 |
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BIMTECH PGDM IBM Course Details
PGDM in Insurance Business Management (IBM) is a 2-year full-time Fully Residential program. PGDM IBM has a total intake of 60 seats. The total fees for the program is INR 11 Lakhs. Some of the details of PGDM IBM program are as follows:
BIMTECH PGDM IBM Eligibility Criteria
- Candidates who are Graduated with a Minimum of 50% Marks.
- Candidates appearing for Final Year Graduation Examination can also apply. Such candidates need to produce the final year result of Graduation with a minimum of 50% marks in aggregate on or before 31st October 2024.
BIMTECH PGDM IBM Selection Criteria
Candidates are required to appear for CAT or XAT or GMAT or MAT or CMAT entrance exam for Admission to PGDM IBM program. CAT / XAT / CMAT / GMAT / MAT scores are not required for NRI, Corporate / NRI, Sponsored Categories & Supernumerary Seats. Candidates are selected for the PGDM IBM program based on their Entrance Exam scores accompanied by a Personal Interview.
Final Selection is based on various criteria. The weightage for the Selection Criteria is given below:
Selection Criteria |
Weightage - Merit / ESCS / International Students Category |
Weightage - NRI / Sponsored Categories / Supernumerary Seats |
Personal Interview |
30% |
45% |
CAT/XAT/CMAT/GMAT/MAT Percentile |
35% |
NA |
Past Academic Performance |
10% |
20% |
Additional weightage for candidates with Engineering, Maths and Statistics background |
5% |
10% |
Work Experience |
7% |
10% |
Regional - Other than UP & NCR Region |
3% |
5% |
ESCS Category - Minority Communities/SC/ST/OBC/EWS |
5% |
5% |
Gender (Female Candidates Only) |
5% |
5% |
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BIMTECH PGDM IBM Syllabus
BIMTECH PGDM IBM is divided into 6 Trimesters. The details are as follows:
Trimester |
Courses |
Trimester 1 |
Business Environment; Insurance Laws; Principles of Insurance; Sales & Marketing Management; IT in Insurance; Business Communication-I; Organizational Behaviour & Human Resource Management; Statistics for Managers; Comprehensive VIVA |
Trimester 2 |
Motor Insurance-I (Own Damage); Risk Management; Property-I (Fire & Consequential Loss); Data Analytics; Health Insurance-I; Elements of Actuarial Science; Products and Practices of Life Insurance; Comprehensive VIVA |
Trimester 3 |
Property-II (Construction & Engineering Insurance); Corporate Finance & Insurance Accounting; Marketing Research; Services Marketing & CRM; Life and Health Insurance Underwriting; Business Communication-II; Motor Insurance-II (Third Party); Channel Management; Summer Internship VIVA; Industry Visit |
Trimester 4 |
New Product Development; Liability Insurance-I; Employee Benefit; Advanced Health Insurance (Elective); Advanced Risk Management (Elective); Advanced Actuarial Science (Elective); Insurance Laws; Marine Cargo & Hull Insurance; Reinsurance |
Trimester 5 |
Global Perspectives in Insurance; Basics of Entrepreneurship; Liability Insurance-II; Managing Funds of Insurance Companies |
Trimester 6 |
Financial Services & Personal Financial Planning; Casualty Insurance; Responsible Business |
Read More: Which college is better for MBA among UBS, BITS, BIMTECH and NIT Trichy?
BIMTECH PGDM IBM Fees Structure
PGDM IBM Fees of BIMTECH is based on various categories of Students. The detailed Fees Structure for PGDM IBM is mentioned below:
Category |
Total Fees in INR |
Merit / Supernumerary |
13 Lakhs |
Corp. Sponsored |
17 Lakhs |
NRI |
17 Lakhs |
NRI Sponsored |
17 Lakhs |
Lodging (Hostel Rent) |
1.26 Lakhs (Per Year) |
Boarding (Mess Charges) |
66,000 (Per Year) |
Refundable Security (General + Library) |
50,000 (One Time) |
Medical Insurance |
5,000 (Per Year) |
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BIMTECH PGDM IBM Admission Process
The admission process for the PGDM IBM course of BIMTECH involves 3 stages. The steps in the selection process are as follows:
Step 1 - Application
The application form is common for all PGDM courses. Candidates seeking admission for PGDM IBM Programme at BIMTECH need to apply online through the official website www.bimtech.ac.in. The form can be filled out online by paying Rs. 2000/- through Credit or Debit Card.
Step 2 - Selection Process, Call for Personal Interview and Document Verification
The next step is shortlisting the applicants for Personal Interview (PI) based on the overall scores of CAT/XAT/CMAT/GMAT/MAT percentile. To avoid possible overlapping of the admission process with other B-Schools and to facilitate the early admission offer, BIMTECH schedules PI in two stages.
BIMTECH conducts an early-stage selection process after the third week of December 2023. The said process provides a candidate with an opportunity to appear for the process conveniently. The 2nd round of the selection process is done post declaration of CAT/XAT results after the 2nd week of February 2024. The 2nd round of PI is held for those candidates who get a minimum prescribed cut-off percentile.
Document Verification: Candidates should submit a self attested photocopy of the following documents
- Mark List of Class 10th.
- Mark List of Class 12th.
- Mark List of Graduation (All years / Semesters).
- Score card of CAT/GMAT/XAT/CMAT/MAT whichever applicable.
- Work Experience certificate (if applicable) from a registered company having turnover of Rs. 50 Crores or more in the preceding financial year. The work experience should be in an executive or supervisory role for a minimum period of one year.
- Corporate Sponsorship Certificate (If applicable)
- NRI/NRI Sponsorship Documents (If applicable) as Prescribed
- Domicile Certificate from Competent Authority (if applicable)
- Proof of Nationality for International student
Step 3 - Declaration of Final Selection List
- The final selection list is prepared by taking consideration of the candidates:
- Past Academic Performance
- Entrance Test Scores (CAT/XAT/CMAT/GMAT/MAT)
- Performance in Personal Interview.
- Work Experience (if applicable)
- Other parameters, wherever applicable, as per the weightage table
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BIMTECH PGDM IBM How to Apply?
Admission Process for PGDM IBM program is as follows:
- Apply to BIMTECH online.
- Take the CAT-2023/XAT-2024/GMAT 2023-24/CMAT 2024/ MAT 2023 Examination.
- Short-listing of candidates based on CAT/XAT/GMAT/CMAT/MAT Score.
- Call for the "Selection Process" of Shortlisted Candidates.
- Final selection based on CAT/XAT/GMAT/CMAT/MAT Score as applicable for different programmes, Performance in the selection process, past academic performance & work experience (if any) and social profile
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BIMTECH PGDM IBM Placement 2024
BIMTECH has recently concluded the PGDM IBM Placement for batch 2024. The Highest Package stood at INR 14 LPA. The details are as follows:
Particulars |
Placement 2024 |
Placement 2023 |
Highest Package |
INR 14 LPA |
INR 14.50 LPA |
Average Package |
NA |
INR 11.22 LPA |
No. of Students |
NA |
- |
Percentage of Placements |
NA |
100% |
Top Recruiters |
NA |
Deloitte, Aditya Birla Group, Accenture, Collegedunia etc |
Read More: BIMTECH Admission Story Ayushman Singh Ratnu
BIMTECH PGDM IBM Ranking 2024
Here are the Top Rankings of BIMTECH 2024:
Ranking Body |
Year |
Category |
National Institutional Ranking Framework (NIRF) |
2023 |
48th in Management Category |
Indian Institutional Ranking Framework (IIRF) |
2024 |
23rd among private colleges |
8th in North Zone |
|
2023 |
26th among private colleges |
6th in North Zone |
Business Today Ranking |
2023 |
31st among Top B-Schools |
Read More: How are the placements at BIMTECH for Retail?
BIMTECH Alumni
Name |
Designation |
Sachin Sodhi |
Director at Kotak Private |
Kunal Gupta |
City Head - ICICI Bank |
Manish Kumar |
Associate Vice President at Nivesh.com |
Pankaj Mangal |
Regional Manager- Placement & Servicing (North) at Mahindra Insurance Brokers Limited |
BIMTECH PGDM IBM FAQs
Ques. Does BIMTECH have a NIRF Ranking?
Ans. BIMTECH is ranked 48th by NIRF 2023 in the Management Category. BIMTECH is also ranked by IIRF in India’s Best B-Schools category. It ranked 23rd in Best B-Schools category and 8th in North Zone.
Ques. What is the Fees Structure for PGDM IBM Program at BIMTECH?
Ans. The total fees for PGDM IBM program is INR 13,00,000 for Merit students. For Corporate Sponsored / NRI / NRI Sponsored the total fees is INR 17,00,000. Security deposit (refundable), Hostel & Mess Charges are additional.
Ques. Are Final Year Graduates eligible to apply for programs at BIMTECH?
Ans. Yes, Students who are in their Final Year of Graduation are eligible to apply for programs at BIMTECH. Such students are eligible if they get a Minimum of 50% marks in aggregate in their Graduation results. Students need to submit their Graduation proof by October 31, 2024.
Ques. What is the Expected MAT cutoff for PGDM IBM Program at BIMTECH?
Ans. The Expected MAT cutoff for PGDM IBM Program at BIMTECH is 70. While the CAT, XAT & GMAT expected cutoff is 60 and for CMAT the expected cutoff is 70.
Merit INR is Rs 13,00,000
Corp. Sponsored /NRI /NRI Sponsored INR is Rs 17,00,000
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