National Insurance Academy PGDM Admissions 2023 are ongoing. Last Date to Apply for the admission is April 15, 2023.
National Insurance Academy PGDM Admissions 2023 are ongoing. Last Date to Apply for the admission is April 15, 2023.
National Insurance Academy (NIA), Pune was established in 1980. NIA Pune offers the AICTE approved PGDM course which is accredited by the National Board of Accreditation (NBA) and granted equivalence to MBA by AIU. Admission to the PGDM course will be based on the marks secured in CAT 2023/ CMAT 2024/ XAT 2024 and past academic records. The selection process will also include Group Discussion and Personal Interview including Knowledge of Written English.
On October 2023, NIA has entered into an MOU with African College of Insurance and Social Protection (ACISP), Tanzania with an aim to establish a world class modern facility to serve Africa in the fields of Insurance, Social Protection and allied fields. NIA, Pune received “Best Insurance Academy in India - Excellence Award For Training & Education In India” at Insurance & Fintech Summit, 2023.
NIA has 100% placement record from the First Batch of 2010-12. The highest package offered to the students of batch 2022-24 was INR 22 LPA. ICICI Lombard General Insurance Company, Tata AIG General Insurance Company, Aditya Birla Insurance Brokers, Swiss Re, Atos Syntel, Reliance Industries Limited are some of the recruiters that visited the campus during the last placement season. The Alumni are working with reputed Multinational and Indian Reinsurance, Insurance Companies, Insurance Brokers, leading IT Companies & other industries both in India and abroad.
Table of Content
The PGDM program provided by NIA Pune matches the international standard and for this National Insurance Academy School of Management (NIASoM) has undergone complete syllabus restructuring under the supervision of Dr Prathap Oburai, the Director of INA.
Read More: NIA Pune Admission
Event | Dates |
---|---|
Last Date to Apply for PGDM | May 31, 2024 |
Courses | Specialization | Admission Criteria |
---|---|---|
PGDM | Management | Eligibility: Graduation degree from any recognized university with a minimum 50% for General Category and 45% for SC/ST/DA category Fees: INR 11,00,000 |
Note: The selection criteria for PGDM course includes CAT/CMAT/XAT score which is given 50% weightage in the final merit list, GD/PI score which has 30% weightage in the final merit list, and Past Academic Records (20% weightage) along with relevant work experience at the time of the interview.
Read More: NIA Pune Courses and Fees
Candidates who are eligible for the PGDM program are allowed to undertake an online application process. The following admission process is as follows:
Note: Upper age limit is 28 years for General / OBC - NC candidates, and 30 years for SC/ST/DA candidates as on 1 July 2024.
Read More: NIA Pune Review
The expected cutoff for NIA Pune admission 2024 is as follows:
Categoru | CAT | XAT | CMAT |
---|---|---|---|
General/ EWS | 75 | 85 | 95 |
NC-OBC/ SC/ ST/ DA | 71.25 | 80.75 | 90.25 |
NIA Pune placements batch (2022-2024) recorded a 100% placement. There was a 22% Increase in the NIA Pune highest CTC from the previous year which stood at INR 22 LPA. Placement highlights are as follows:
Particulars | Placements statistics |
---|---|
Placement percentage | 100% |
Increase in highest package from last year | 22% |
Highest CTC (2022-2024) | INR 22 LPA |
Highest CTC (2021-2023) | INR 18 LPA |
Highest CTC (2020-2022) | INR 29 LPA |
Top Companies at NIA Pune
Bajaj Allianz General Insurance Company | ICICI Lombard General Insurance Company | GoDigit General Insurance Company | Liberty General Insurance Company |
Future Generali General Insurance Company |
SBI General Insurance Company | Tata AIG General Insurance Company | Kotak General Insurance Company |
TATA AIA Life Insurance Company | HDFC Life Insurance Company | Marsh Insurance Brokers | Aditya Birla Insurance Brokers |
Unilight Insurance & Reinsurance Brokers | Finsall Resources | Swiss Re | CARE Health insurance company, |
Cognizant Technology Solutions, | L&T Infotech | Qatar Insurance Company | Orient PSJC Insurance Company, |
Read More: NIA Pune Placements
The institute endeavours to help deserving candidates from different categories in pursuing management studies. NIA gives 9 scholarships of INR 1 lakh each to meritorious students, girl students and eligible students belonging to specified categories including students belonging to economically weaker sections.
National Insurance Academy is spread over 32 Acre campus in the city of Pune on the Mumbai-Bengaluru highway with greenery all around provides an unmatched ambience along with high safety and security for the students. The institute has 10 Air-Conditioned lecture halls equipped with state-of-the-art facilities. Six of these classrooms are dedicated for PGDM Students. In addition, there are 8 syndicate rooms to facilitate group discussions, case studies, presentations and deliberations. Separate reading rooms are also available for the use of the students. Some other facilities are listed below:
Convention Centre: NIA has a best-in-class auditorium with a seating capacity of 220 with excellent audiovisual system.
Library: The institute has one of the few libraries in India having the choicest collection of books in life Insurance, non-life insurance and management areas. The reading room of this library is equipped with almost all national and international journals in Insurance, Actuarial Science, Pensions and related areas including journals for general awareness and entertainment. A variety of research publications add further value to this already rich knowledge bank.
Computer Facilities: NIA has a Windows based LAN, connected to State-of-the-art terminals spread all over the establishment. The Academy has IT park classroom for IT training. Wi-Fi facility is available in the campus.
Insurance Labs: The academy fosters a unique concept known as Insurance Labs. There are motor lab, marine lab and health lab for the students to get practical knowledge on related general insurance subjects.
Hostel: The student’s hostel “Sarvapalli” has fully furnished spacious rooms. The hostels are separate for male and female students. It has 24 hours uninterrupted power and water supply. Round the clock security is provided in the hostel and in the rest of the campus. There is also the Internet facility with Wi-Fi connectivity for the students in the rooms. No Hostel allotment to Pune based students.
Grievance Redressal Committee & Anti-Ragging Committee: The Academy is fully compliant with the regulations pertaining to “Establishment of Mechanism for Grievance Redressal Regulations, 2012 of AICTE” & Internal Complaint Committee. NIA follows anti-ragging regulation as per AICTE norms.
Heath Care: There is a clinic where a doctor visits regularly and is also available on call. In addition, students have the benefit of Mediclaim and personal accident cover up to a specified amount under a group policy during the duration of the course.
Sports and Recreation: The multipurpose sporting complex has facilities for badminton, table tennis, billiards, state-of-the-art- gymnasium, sauna, Jacuzzi. There is a swimming pool in the sporting complex. There is also an open ground for playing cricket, football and basketball.
Yoga & Meditation Hall: The institute has a separate Yoga and Meditation Centre in a campus for the students.
Jogging Track and GIC Pathway: The 1.5 kms jogging track encircling the campus is a wonderful way to breathe fresh air and hear chirping of the birds. The GIC Pathway close to sporting complex is a water-fed pathway with gravel
for acupressure therapy.
Banking and Postal Services: A branch of Bank of Maharashtra and a Post Office are located near the main gate of the campus for banking (Forex services also available) and postal needs, including ATM facility.
The officials including faculty working at NIA, live on the campus. Many festivals are celebrated with enthusiasm by the families of campus residents including children where the students also participate wholeheartedly. All cultural programmes involve all the residents of the campus, students & MDP participants.
Read More: NIA Pune Faculty
Ques. What is the profile provided by NIA through its PGDM course?
Ans. Being a joint venture of the top Insurance PSUs of the country, NIA has the potential to give exceptional exposure to its students. The course is similar to other PGDM courses but with a specialization in Insurance subjects. Top Insurance companies come every year as a recruiter here and offer a post of Administrative Officer to selected students.
Ques. Does NIA give opportunities for Summer Internship to its students?
Ans. Yes, NIA provides Summer Internship opportunities to its students. Various companies come to the college to recruit for summer internship programmes as well.
Ques. How is the Faculty of NIA Pune?
Ans. NIA Pune has an exceptional faculty list. Being directly affiliated to the Ministry of Finance, students get a chance to come in touch with experienced leaders of the Insurance industry. The faculty comprises of academicians and practitioners who are on NIA campus on full-time basis, in addition to regular visiting faculty.
Ques. Is NIA Pune internationally affiliated?
Ans. Yes, NIA has international affiliations with organizations like The Institute (USA), the Canadian Institute of Insurance, and CII (London).
Ques. What are placement statistics of NIA Pune?
Ans. NIA Pune has a record of 100% placement. The highest package offered by NIA Pune in the current year was 22 LPA.
Ques. Is loan facility available for pursuing courses at NIA Pune?
Ans. Yes, Education loans are available from leading Public Sector and Private Banks under the Premier Institution Scheme.
Ques. Why should I join NIA Pune for PGDM?
Ans. The PGDM programme at National Insurance Academy has a unique blend of Management and Insurance subjects where emphasis is placed both on theory and practice Students of NIA on completion of PGDM have exemption in Associateship examination conducted by Insurance Institute of India based on specific criteria. This gives them an edge over others in gaining insurance knowledge and good placement through campus selection.
NIA has excellent infrastructure facilities for curricular, Co-curricular and extracurricular activities that includes a library stocking over 25000 books and around 4000 + holdings and online journals on management and insurance.
The PGDM programme of NIA provides the students a practical exposure and opportunity to interact with Regulators, CEOs of Insurance Companies and other Professional Bodies by involving them in several interactive Seminars, Conferences and Insurance Summits throughout the 2 year course.
Top Courses | Total Fees | Eligibility | Ranking | Application Dates | Cutoff |
---|---|---|---|---|---|
PGDM | ₹11 Lakhs | Graduation with 50% | - | 31 May 2024 | 75CMATCheck Details |
Faculty Member, Department of Life Insurance
Faculty Member, Department of Life Insurance
Faculty Member, Department of General Insurance
Faculty Member, Department of General Insurance
Faculty Member, Department of Information Technology
Faculty Member, Department of Marketing
Faculty Member, Department of Public Policy and Governance
Faculty Member, Department of Finance
Faculty Member, Department of Marketing