The main objective of this paper is to analyze the exponential stability of a new problem of an n-dimensional non-linear impulsive conformable stochastic differential system with the various fractional orders. By applying the conversion of the state variable, the solution of the aimed impulsive stochastic differential system is related to the corresponding solution of the non-impulsive system. Then the sufficient conditions for the exponential stability of the proposed impulsive system are accomplished by obtaining sufficient conditions for the exponential stability of the respective non-impulsive system. The novelty of this work is that the Razumikhin stability technique (without using the Lyapunov function) is used to achieve the stability conditions for the impulsive conformable stochastic system. The gained theoretical conclusions are confirmed by applying the conformable stochastic SIR epidemic model with impulsive immigration. Finally, the influence of fractional orders in the dynamical performance of the impulsive conformable stochastic SIR epidemic model is illustrated with graphical representations.