Enrollment Procedure:  

1. Only Graduates of any discipline with a First Class pass (an overall 60% of pass marks) and with Mathematics or Statistics as main subject will be allowed to apply. The medium of instruction at graduate level must be in English. Where a candidate fails to secure an aggregate of minimum marks of 60% in graduation level, my be considered for enrollment process if he / she secured the said aggregate of 60% or more marks in the Post Graduate examinations. The other condition of writing the Entrance Examination will remain unaltered as also the qualifying criteria for enrollment with Institute of Actuaries of India, Mumbai.      

2. IIRM will exercise care in selecting its students so as to be eligible to become student members of the Institute of Actuaries of India as per the eligibility conditions of Institute of Actuaries of India, Mumbai (IAI) Candidate must complete registering as a student member of IAI, Mumbai, prior to commencement of classes and provide proof of enrollment.

3. This Course is open for Overseas Candidates also. The fee structure to the Overseas candidates are give separately at the end of the Prospectus.

4. The Applicants for the Course can be either individuals on their own behalf or candidates sponsored by their Employers / Companies / Organizations.

5. All applicants will be selected as students through an entrance test on (i) English (in three parts : Precis Writing, Comprehension and Composition, to test the candidates in their knowledge of grammar, and other skills in English) and (ii) Mathematics (Algebra, Calculus and Statistics of Graduate Standard). These entrance examinations will be of objective/descriptive type and are held at Hyderabad on 18th May 2008 as notified in our website . It will be in two Papers, one in Mathematics (3 Hrs) and the other in English covering précis writing etc of 1 ½    hour duration. Successful candidates must appear before a selection committee prior to granting admission.  

6. Students who are already ‘mid-way through’ examinations conducted by any reputed actuarial professional bodies, national and international, can also apply for enrolment as students at IIRM. These Students must necessarily have appeared for at least one paper of those examinations of the mentioned professional courses and must provide necessary proof along with the application.

7. IIRM offers special enrollment of students for specific modules covering subjects in which the applicants are interested. This will facilitate applicants to choose the subjects, which they want to appear for the IAI examinations, instead of going through the entire course of 4 semesters. These Students must necessarily have appeared for at least one paper of the IAI examinations.

8. The fees may be charged for such partial enrollments at differential scale, as a special module fees. Such students shall pay the prescribed fees for the full module covering the 2 subjects of that module, even if they are interested in one paper only of the said module.

9. The students may take only the first year (for subjects CT 1 to CT 8), on payment of the first year fees in full at the beginning of the year, and leave the School without enrolling for the second year at their option. The said option should be given in writing before the commencement of the second semester.

10. However when once a student enrolls either for the entire 2 year course or for the 1^st year course initially will not be allowed to claim any refund on partial basis. They cannot leave the course in the middle and claim for any kind of refund.

11. Normally , a student cannot directly enter into the 2nd year of the programme.

Consequent upon completing the admissions for the Academic Year 2008-2010, the above guide lines are no longer applicable. Fresh guide lines will be issued in due course for the admissions for the Academic Year 2009-2011.