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Post Graduate Diploma Course in Risk and Insurance Management (PGDRIM) | Distance Learning Courses

The objective of the post graduate diploma course in risk and insurance management is to enable the participants to fit into various roles in this up-coming field. Globalisation is one of the key factors in opening a horde of opportunities in this sector as the insurance market, currently at 77,000 crores premium per annum, is projected to grow at an active rate of 17%. About 30 corporate organisations like TATA, Reliance, ICICI, HDFC, Birla have joined hands with world-renowned companies dealing in general and life insurance.

Hence, there is a huge demand of skilled and trained personnel in the specialised field of risk and insurance management. This is the principal reason that this course is one of the popular one, amongst the post graduate diploma courses.

To be able to juggle this field efficiently, one needs to be well-versed with the scientific theories and practices pursued globally and within the country. The PG Diploma in Risk and Insurance management precisely aims at filling this gap through the distance education course.

The ready job opportunities present a variety of positions and capacities for the participants, presently and in the near future. The functions constituting this arena can be enlisted as follows:

  • To manage an insurance portfolio
  • To analyze issues involving loss of personal and company assets
  • To devise solutions to various Risk and Insurance management related problems

"The program successfully integrates the relevant knowledge base from finance, quantitative analysis and management domains to prepare the students for immediate absorption in the industry. It educates the student on legal, social and institutional environment related to the occurred losses, again a specialised and in-demand field of expertise. To make the curriculum industry-oriented, it includes education with latest trends and practices in the assessment and treatment aspects of risks taken by profit-seeking and non-profit organisations.

Semester I

Sub Code Details
168 Principles and Practice of Life & General Insurance
187 Risk Management
147 Life Insurance I
133 Fire Insurance
155 Marine Insurance

Semester II

Sub Code Details
146 Liability Insurance
159 Motor Insurance & Agricultural & Mis. Insurance
148 Life Insurance II
198 Investment Planning & Management
157 Marketing of Financial Services


  • Examination will be conducted for above subjects.
  • Student will have to submit one assignment for each subject.
  • Examinations carry 70% and assignments carry 30% weightage (passing criteria for both exam / assignments is 50/100).
Duration Eligibility
1 Year
(2 Semester)
Any Graduate

Actuarial abilities are often rewarded handsomely in this field offering employment in varied roles in the new-age organisations.
Course Fees Indian Students ( ` INR)
Program Fee Including Fee  Total Fee
`27,000 A) Registration ` 1,000
B) Course Material ` 5,000
C) Examination Fee ` 5,000
` 38,000


Course Fees Indian Students ( ` INR)
Fee Option Down Payment Installment Total Fee
Lumpsum ` 38,000 - `  38,000
Installment ` 21,000 ` 19,000 `  40,000



Risks in health and safety, natural and accidental disasters, social and environmental, and other specific scientific and engineering fields are covered under a single name, risk management. The task of analysing risks, striving towards preventing them and evolving policies and methodologies for managing them, broadly circumscribes the current career in Risk and Insurance management.

The risk management industry employs over three million people world-wide, representing over a trillion dollars in business assets. As the functioning and processing of various fields transform to meet the global transitions, it opens employment in the Risk and Insurance domain like never before.

Risks associated with businesses, precisely, the political, information and financial risks have to be dealt efficiently in today’s’ competitive world. Most commonly, one can get employed as risk analyst, risk manager, risk strategist, risk auditor and risk assessor.

This field holds significant promise in finance sector as increasing number of organisations are now looking for risk management in the present, volatile political, social and financial scenario. Opportunities in consulting role in industries, commercial organizations, insurance companies, consulting firms etc are also opening for the more experienced and innovative professionals.

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