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PGDM Insurance from NIA Pune: Fees, Cutoff, Placements, Admission, Eligibility

Pune, MaharashtraPublic College

Post Graduate Diploma in Management [PGDM] (Insurance)


Course Fees

Course Duration

2 Years

Total Fees

11 Lakhs

Detailed Fees

general
Total Fees₹ 11 Lakhs

Course Information

Course Details

Latest Update: NIA Pune PGDM Admission has begun and the last date to apply for the same is May 31, 2024.

NIA Pune PGDM admission 2024 is based on scores of CAT-2023, XAT-2024, CMAT-2024. Selection process of the program is completed on the basis of Entrance Exam Scores, Academic Record, Group Discussion, Personal Interview and Work Experience. NIA Pune PGDM fees is INR 11,00,000. NIA Pune PGDM batch size is 180.

NIA Pune PGDM Important Dates 2024

The important dates for PGDM admission at NIA Pune are as follows:

Event Date
Last Date to Apply for PGDM May 31, 2024

NIA Pune PGDM Eligibility Criteria

  • The candidate who wishes to apply for the PGDM program must possess a Bachelor’s Degree or its equivalent in any discipline from a university recognized by UGC or the Association of Universities (AIU)
  • The minimum marks in the Bachelor’s Degree examination should be an aggregate of 50%.
  • The candidates must have qualified for CAT 2023 or XAT 2024 or CMAT 2024.
  • The age of the applicant shall not be more than 28 years for General & EWS/OBC-NC candidates and 30 years for SC/ST/DA candidates as of July 1, 2024. However, relaxation is given to Reserved Category applicants.
  • The candidates who are appearing in the final year examination of the qualifying degree are eligible to apply. This is only applicable if their examination process gets completed by June 30, 2024.

The minimum cutoff required to apply for NIA Pune PGDM is as follows:

CAT 2023 75 Percentile
XAT 2024 85 Percentile
CMAT 2024 95 Percentile

National Insurance Academy (NIA), Pune offers a full-time, residential PGDM programme for the duration of 2 years in the field of management.

  • The PGDM programme of NIA is approved by AICTE and is recognized as equivalent to an MBA by the Association of Indian Universities (AIU).
  • The minimum requirement to apply for the PGDM program at NIT Pune is a Bachelor’s Degree with a minimum of 50% aggregate marks.
  • NIA Pune has about 17 years of experience in conducting Management Courses.
  • The institute has offered 100% placements since its establishment.

NIA Pune PGDM Admission Procedure

Admissions for the PGDM programs will be made based on the guidelines of the National Insurance Academy (NIA).

  • The candidates are required to submit the application form online with the necessary documents.
  • The pre-selection of candidates will be based on the marks of the qualifying examination.
  • The selected candidates will be called for the Group Discussion, Written Ability Test, and Personal interview.
  • The final selection of the candidates will be based on their performance in GD, WAT, and PI.

How to apply?

  • Visit the NIA official website @ https://pgdm.niapune.org.in/
  • Click on the link Admission available at the Homepage.
  • On the next screen, click To register for PGDM Admissions 2024-26
  • Then the applicants are required to fill in the necessary details to register for the course.
  • Once registered, fill up the online application form and upload the necessary documents.
  • The applicants shall pay the application fees of INR 1500 to proceed further.
  • After that, click on submit the application.
  • The applicants can also contact the admission cell, in case of any query related to admissions.

Check NIA Pune Admission

NIA Pune PGDM Course Details

The PGDM programs at NIA, Pune are offered in Management and Insurance for the duration of 2 years. The entire PGDM program of NIA is divided into 6 trimesters of 3 months each. The first 3 semesters strongly focus on the basic as well as practical knowledge of the program. The last three semesters are included with one elective subject each. The Trimester subjects offered are mentioned below:

Trimester I Fundamentals of Life Insurance & General Insurance
Fire Insurance
Laws & Regulations Governing Insurance
Principles of Marketing
Principles & Practices of Management
Individual & Group Behaviour
Quantitative Techniques
Economics
Trimester II Life Insurance Products and their Underwriting
Marine Cargo Insurance
Liability Insurance
Health Insurance
IT for Business Management
Organisational Theory & Design
Optimisation Techniques
Strategic Management
Legal Aspects of Business
Financial Accounting
Trimester III Actuarial Science in General Insurance
Motor Insurance
Reinsurance
Insurance Distribution Management
Business Research Methods
Advanced Excel for Data Analytics
Marketing Strategies
Non-credit Course in Business Communication
Financial Management
Trimester IV Engineering Insurance
Miscellaneous Insurance (including Cyber Insurance)
Agriculture & Rural Insurance
Managerial Economics
Disaster & Sustainability Management
Trimester V Actuarial Science in Life Insurance
Enterprise Risk Management
Annuities and Pensions
Insurance Accounting
Business Ethics & Corporate Governance
Trimester VI Marine Hull, Oil & Energy Insurance, Aviation Insurance
MRP & Evaluation

Apart from the above-mentioned curriculum, the institute offers one elective subject in the IV, V and VI Trimester. Also, there is a mandatory 8 weeks a summer internship which is to be completed by the students in the following sectors:

  • Public Sectors General Insurance Companies
  • Leading Insurance Companies in the Private Sector
  • Leading Insurance Brokers
  • Reputed IT services companies.

All the students also have to complete a major research project which starts in the IV term. Guidelines related to the project are provided to the students right before the commencement of the IV semester.

NIA Pune PGDM Fee Structure

The fee structure for PGDM courses is mentioned below:

Component Amount
Tuition Fees for 2 years INR 11 Lakhs
Hostel and Food charges for 2 years INR 3.50 Lakhs

NIA Pune PGDM Scholarships

NIA provides nine scholarships of amount INR 1 Lakh each to meritorious students, girl students, and eligible students belonging to a specified category that includes economically backward students.

NIA Pune PGDM Placements

Right from the year of establishment, NIA has been providing amazing campus placement. The placement record of the institute is excellent. The Institute focuses on providing 100% job opportunities to its students. Since 2014, many reputed companies have visited the institute to recruit students.

NIA Pune PGDM Placements
Highest Salary Package INR 22 LPA
Placement Percentage 100%
Top Recruiters Bajaj Allianz Life, Exide Life, SBI Life, Aditya Birla, Accenture, Cognizant, Infosys

NIA Pune PGDM FAQs

Ques. What type of relaxation in eligibility for admissions to NIA Pune PGDM is provided to the reserved category?

Ans. SC/ST/DA candidates shall acquire a minimum of 45% aggregate marks in the qualifying degree examination. Also, the reserved category candidates who are not more than 30 years old are also eligible to apply.

Ques. What are the core subjects of NIA, Pune PGDM General Insurance?

Ans. The General Insurance subjects include Fire, Marine, Engineering, and Aviation. However, Insurance subjects include some portion of Actuarial Science.

Ques. What type of companies visit NIA, Pune PGDM for campus placements?

Ans. NIA, Pune PGDM Top Recruiters are:
  • Private General Insurance and Life Insurance Companies
  • Insurance Brokers and Life Insurance Companies
  • IT, Financial Sector, Web Aggregator
  • Standalone Health Insurance Companies.

Ques. Is NIA, Pune a good college for an MBA?

Ans. National Insurance Academy (NIA) established by insurance companies with the governing board consisting of the chairman of LIC, GIC, and Public Sector Insurers provides quality education to those who are interested in insurance. NIA has experienced faculties who provide the best knowledge of Insurance and guidance to explore in-depth.

NIA not only teaches theoretical subjects but also exposes the students to the practical experience of the course. The best part is the opportunity to learn from various Guest Speakers hailing from top-notch companies in India that make students understand the relevance of academics in the industry.

Ques. What is the fee for the application form for admission to the NIA, Pune PGDM program?

Ans. The application fees for the 2 years NIA PGDM program is INR 1500. The applicants are required to pay the fees online via Debit Card, Credit Card, or Net Banking.


Placement

Highest Placement₹ 18.0 Lakhs
Average Placement₹ 12.5 Lakhs
Top Companies

NIA Pune, Pune CAT Cut-Off 2024

CAT cut off Round
202320222021
CoursesEWSGeneralOBCSCST
PGDM Insurance
7070707070

NIA Pune, Pune CMAT Cut-Off 2024

CMAT cut off Round
202320222020
CoursesGeneral
PGDM Insurance
75

College Ranking

Ranking of National Insurance Academy - [NIA]



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