![Birla Institute of Management Technology - [BIMTECH]](https://image-static.collegedunia.com/public/college_data/images/logos/1603104226logo.png?h=71.7&w=71.7&mode=stretch)
The Post Graduate Diploma in Management - Insurance Business Management (PGDM-IBM) at Birla Institute of Management Technology (BIMTECH) Noida is India's first full-time professional program in insurance education, established in 2000. This specialized 2-year full-time residential program spans 6 trimesters with 114.5 credits and an intake of 60 seats. Approved by AICTE and accredited by NBA, the program is designed to create industry-ready insurance management professionals. The curriculum covers life insurance, non-life insurance, health insurance, reinsurance, risk management, actuarial science, and emerging areas like InsurTech and insurance analytics. The program is popular for its strategic partnerships with Swiss Re, CII-UK, LOMA-USA, and RIMS-USA, offering multiple international certifications and excellent placement opportunities.
Current Admission Status: Admissions for 2026-28 batch are ongoing. Application deadline is January 31, 2026. Personal Interview rounds are scheduled for February 2026, with results expected in March 2026. Classes commence in July 2026.
| Component | Amount (INR) |
|---|---|
| Tuition Fee (2 years) | 14,00,000 |
| Hostel Fee (2 years) | 3,12,000 |
| Mess Charges (2 years) | 1,58,400 |
| Medical Insurance (2 years) | 12,000 |
| Certification Fee (one-time) | 20,000 |
| Security Deposit (Refundable) | 50,000 |
| Total Fees | 19,52,400 |
All fees are for the complete 2-year program.
Security deposit of INR 50,000 is refundable upon program completion.
Additional certification fees may apply for international certifications.
EMI options are available through partner banks.
Education loans are available from SBI, Axis Bank, HDFC Credila, IDFC FIRST Bank and others.
| Event | Date |
|---|---|
| Application Form Available | Ongoing |
| Application Last Date | January 31, 2026 |
| Personal Interview Round | February 2026 (Tentative) |
| Results Declaration | March 2026 (Tentative) |
| Classes Commencement | July 2026 (Tentative) |
| Exam | Registration Period | Exam Date | Result Date |
|---|---|---|---|
| CAT 2026 | Aug 1 - Sep 20, 2026 | Nov 30, 2026 | Dec 24, 2026 |
| XAT 2026 | Jul 10 - Dec 5, 2025 | Jan 4, 2026 | Jan 20, 2026 |
| CMAT 2026 | Nov 14 - Dec 25, 2025 | Jan 25, 2026 | Feb 13, 2026 |
| MAT 2026 | Dec 1 - Feb 23, 2026 | Mar 1, 2026 | Mar 1, 2026 |
| GMAT | Year-round | Flexible | Immediate |
BIMTECH PGDM Insurance Business Management has demonstrated excellent placement performance with strong demand from insurance companies, broking houses, consulting firms, and financial services organizations.
Top recruiters include SBI General Insurance, Marsh Insurance Brokers, Bajaj Allianz, HDFC ERGO, IFFCO Tokio, Digit, Tata AIG, Magma HDI, Willis Towers Watson (WTW), Xceedance, and other leading insurance and broking firms.
| Scholarship Type | Eligibility | Amount (INR) | Schedule |
|---|---|---|---|
| Late Basant Kumar Birla Merit Scholarship | CAT/XAT 95+ percentile | 3,00,000 | Adjusted in 5th & 6th terms |
| Late Basant Kumar Birla Merit Scholarship | CAT/XAT 90-94.9 percentile | 2,00,000 | Adjusted in 5th & 6th terms |
| Late Basant Kumar Birla Merit Scholarship | CAT/XAT 85-89.9 percentile | 1,00,000 | Adjusted in 5th & 6th terms |
| Late G.D. Birla Academic Merit Scholarship | 1st Position in Term Exams | 50,000 | After program completion |
| Late G.D. Birla Academic Merit Scholarship | 2nd Position in Term Exams | 25,000 | After program completion |
| Swiss Re Excellence Scholarship | Top performers in Reinsurance | Variable | Based on performance |
Merit scholarships based on CAT/XAT scores only.
Academic merit scholarships awarded based on TGPA performance.
Additional scholarships available through industry partnerships.
All scholarships subject to maintaining good academic standing and conduct.
Q1: What makes BIMTECH's PGDM Insurance Business Management program unique in India?
A: BIMTECH offers India's first dedicated full-time insurance management program with strong global partnerships. Students benefit from international certifications, dual qualification options, and direct industry exposure through live projects, guest lectures, and internships. This makes graduates highly competitive in both Indian and international insurance markets.
Q2: What international certifications can students obtain during the program?
A: Students can earn certifications from Swiss Re, CII-UK, LOMA-USA, and RIMS-USA. They may also receive exemptions from Insurance Institute of India examinations. These certifications strengthen their technical knowledge in reinsurance, life insurance, and risk management, improving career prospects globally.
Q3: What is the "PG Plus" dual degree program with CII-UK?
A: The PG Plus program allows students to earn a Diploma in Insurance from CII-UK along with the PGDM from BIMTECH. This dual qualification provides international recognition and gives students exemptions for higher-level certifications from CII-UK, helping them build a strong global career in insurance.
Q4: What career opportunities are available after completing PGDM-IBM?
A: Graduates can work in life, non-life, and health insurance companies, reinsurance firms, broking houses, consulting companies, banks, and regulatory bodies. Common roles include Underwriter, Risk Analyst, Claims Manager, Insurance Analyst, Actuarial Analyst, and Business Development Manager across domestic and international markets.
Q5: How does the program prepare students for emerging trends in insurance?
A: The curriculum includes subjects like InsurTech, Insurance Analytics, Cyber Risk, Digital Insurance, and Catastrophic Risk Modeling. Students also attend workshops and industry sessions focused on technology-driven transformation in the insurance sector, ensuring they stay updated with market trends.
Q6: What is the summer internship component for IBM students?
A: Students complete a 10-12 week summer internship with leading insurance companies and broking firms. They work on real business problems such as underwriting, product development, claims management, and risk assessment. Many students receive Pre-Placement Offers based on their internship performance.
| Course Highlights | Details |
|---|---|
| duration | 2 Years (Full Time) |
| course level | PG (Diploma) |
| mode of study | On Campus |
| total fees | ₹ 13 Lakhs |
| median package | ₹ 10.5 Lakhs |
| eligibility | Grad- 50%+CAT/XAT/GMAT |
BIMTECH PGDM IBM Insurance Business Management fees 2026 is ₹ 13 Lakhs for the entire course duration.
Earlier, PGDM IBM Insurance Business Management fees at BIMTECH was ₹ 14 Lakhs (in 2025) for the entire course duration. This shows a fee decrease of ₹ 1 Lakh over the year.
| Fee Type | Total Amount (INR) |
|---|---|
| total academic fee | ₹13 Lakhs |
| hostel fee | ₹3.12 Lakhs |
| total fee | ₹16.12 Lakhs |
| Events | Dates |
|---|---|
| MAT registration | Dec 30, 2025 - Mar 02, 2026 |
| MAT Exam Date | Mar 01, 2026 |
| Last Date of Registration for Admission [MBA/PGDM] | Nov 15, 2025 - Mar 02, 2026 |
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The college is recognized for its experienced faculty who hold advanced degrees and engage in significant research, contributing to an enriched learning environment. With a faculty-to-student ratio of 1:60, students receive personalized attention and mentorship, enhancing their academic and professional development. The college operates on a trimester system, facilitating continuous academic growth. It boasts a robust placement record, with 100% of students securing jobs annually. The average placement package is between INR 11-12 LPA, with the highest domestic package reaching INR 22 LPA.
Leading recruiters include TATA AIG, Go Digit, and Infosys. The insurance program has a 100% placement rate with packages ranging from INR 10-16 LPA. Other courses see 80-90% placement, with top students receiving higher offers. Internships are plentiful, with stipends from INR 10,000 to 70,000 per month. The college offers scholarships for students scoring over 85 percentile in CAT or CMAT, with awards of 2 lakh INR. Scholarships of 50,000 INR and 25,000 INR are available for top performers each trimester.
The PGDM program costs approximately 11 lakh INR, with total expenses including hostel and mess fees around 15 lakh INR, noting a recent fee increase of 2 lakh INR for new batches. Hostel fees rise annually by 5-8%. Economic-based scholarships, including a 50% fee waiver for EWS students, and campus employment opportunities with stipends help support students financially. The average placement package of 11.5 lakh INR strengthens the return on investment for students.
According to the latest available placement reports of 2024, The highest package reported is 14 Lakhs.Check BIMTECH Placement
Based on the latest NIRF Reports 2024 of BIMTECH, about 100% of the PGDM IBM Insurance Business Management students were placed during the placement drive.
| Specialisation | Package | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Insurance Business Management | Median Package | ₹10.50 Lakhs | ₹11.00 Lakhs | ₹10.50 Lakhs |
| Yearly Students Placed | |||
|---|---|---|---|
| Particulars | 2024 | 2023 | 2022 |
| Student Admitted | 454 | 366 | 369 |
| Students Placed | 454 | 365 | 367 |
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Choosing between these two colleges and courses IMT Nagpur's Marketing program or BIMTECH's Insurance Business Management program highly depends on your interests and your career aspirations. If you want your career in marketing and you see yourself working as a marketing professional you should choose IMT Nagpur and vice-versa.
The college you want to choose depends upon what are your future plans, if you are planning to do specialization in finance then IFMR Chennai would be a good option, as IFMR Chennai is famous for its finance courses and if you are planning to do specialization in foreign subjects like foreign strategy and foreign trades then you should go with BIMTECH (IBM).
Both PGDM-RM and PGDM-IBM are similar in terms of ROI and placement. Both the courses in Bimtech offer good career options. Even in 2020, which was a challenging year, the students of Insurance and Retail were offered some quality profiles by multiple prominent recruiters. Some of the companies are Infosys, TCS, Bajaj Allianz, SBI, Aditya Birla Group, Religare, and H&M. The recent 2022 placement stats:
|
Domain |
PGDM-IB |
PGDM- RM |
|
Average CTC (2022) |
8.95 lakhs |
8.90 lakhs |
|
Average CTC (2021) |
8.01 lakhs |
7.95 lakhs |
She must first evaluate both courses based on her areas of interest. Both courses have advantages and disadvantages.
The IBM (insurance) course has a lower fee structure than International Business. The job profiles available for the IBM course are insurance company oriented. In contrast, the job profiles for the IB course range from sales to marketing to finance and HR depending on your specialization. BIMTECH is well-known for its IBM training. The package on offer is also very good. This year's average would be around 6.5, with more than 90% of students placed.
It is entirely dependent on your sister's area of interest. She can also look at the institute's website to see what kinds of faculties and subjects are available and then make an informed decision.
You should go for BIMTECH IBM (Insurance Business Management) program. It is well-known across India and one of the very few colleges in India offering a course in Insurance.
The faculty is highly experienced and the program has a 100% placement rate. You will be placed first among all others on the campus as the majority of the recruiters are Insurance Firms. The average salary package offered for PGDM IBM at BIMTECH lies between the range of 6-7 LPA.
Go for it if you are looking forward to a career in the Insurance industry.
You should join the course at IBM without any second thoughts. Try to do a bit more research about the PGDM course that you want to pursue. 117 companies offered placement opportunities to the students enrolled in the PGDM course at IBM.
The institute also has witnessed involvement from international recruiters like RAK Ceramics, Landmark (Home Centre), and a few more who offered job roles and opportunities across Sales, Marketing, Retail, and Operations.
Placements at BIMTECH have been seeing an improvement in the domestic package offered by 12.50% with the highest package offered to be INR 18 Lakhs per annum and international packages by 15% with the highest package offered to be INR 23.00 Lakhs per annum.
In BIMTECH, you will get a good ROI and will surely be recruited by a good company before the course gets over.
The Insurance Business Management (IBM) from BIMTECH Noida is a very high-demand course, especially for those who want to build their career in the financial and the banking sector. It is one of the 4 full-time PGDM courses offered by the institute apart from an executive PGDM course.
Talking about the institute, it has a rich legacy of 30 years of excellence in academics where the faculty are known to be really hardworking. They are very well qualified, many of them have lots of industrial exposure and they bring in their collective knowledge in the classroom studies. Some of the reasons why PGDM in Insurance Business Management from BIMTECH Noida will be beneficial for you are –
Thus, without a doubt, this is a very good course with a focused approach towards the sector. The institute, pedagogy, faculty, and facilities are all top-notch and it will help you propel your professional career.
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