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National Insurance Academy Pune: Courses, Fees, Admission 2024, Placements, Ranking

  • Private Institute
  • Estd. 1980

National Insurance Academy Pune
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National Insurance Academy Pune Highlights 2024

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Commonly asked questions
On Highlights

Q:   I have got 64.6% in 10th, 72.6% in 12th, 58.6% in B.Com, 62% in M.Com and 88.36%ile in CMAT, can I get a call from NIA?

A: 
Well, the weightage that they follow is as follows: Past academics - 20% CMAT/CAT - 50% GD/PI - 30% Also, students with relevant work experience will be given preference. So my opinion to you is to apply anyway. Because, your past academics show an average rating while you have a decent score in CMAT. So, I think your CMAT score will compensate for your academics. Apply if you are shortlisted, do well in the GD/PI session. All the best. http://www.pgdm.niapune.org.in/admissions/adminssion-procedure.
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Q:   What is the highest package offered at NIA Pune?

A: 

The highest package grabbed by the PGDM batch 2022-24 was INR 22 LPA. There are no past years' records for comparison. Refer to the table below to know the NIA Pune's highest package 2024:

Particular PGDM Placement Statistics (2024)
Highest packageINR 22 LPA
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Q:   What is the fees for MBA at National Insurance Academy- NIA?

A: 

PGDM is a two-year management programme that costs Rs. 11.25 Lacs at the National Insurance Academy (NIA) in Pune. Besides areas such as human resource, marketing and finance, other management subjects include IT and insurance related topics. NIA presents its students with an opportunity of undertaking summer internships within private insurance companies from different Multinational corporations dealing with public sector general insurances. After successfully completing the course, one is likely to earn about Rs 7.56 Lacs per annum on average with leading placement firms being HDFC Bank, ICICI etc., among others.

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Q:   I got 78.29 in CMAT. I have no job experience. I took a gap after BCom. What are the chances of admission to NIA?

A: 
The expected CMAT cutoff percentile for NIA Pune is above 75. The weightage given to various components in selection are given below. 1. Past Academic Record : 20% 2. Performance in CAT / CMAT : 50 % 3. Performance in GD/PI : 30% 4. Relevant work Experience (appropriate weightage will be given to those candidates with relevant work experience at the time of interview) . So from above work experience have little bit advantage here, but if your academic and GD/PI performances are well than you can convert this. Good luck
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Q:   What is the importance of 12th grade score for the PGDM course at National Insurance Academy?

A: 
Your class 12th marks have very much importance after 4 years of engineering during job because while your job is considered, during your interview each and every qualification that you have taken is considered and good marks show your hard work, Talent and Dedication towards your study and your seriousness about your career.
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National Insurance Academy Pune Admission Process and Important Dates 2024

MBA/PGDM Admissions 2025

1 Course2 years
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Check Circle Icon V2Eligibility
  • Undergraduate Degree with 50% aggregate
  • Accepting Exams: XAT, CAT, CMAT
Calendar IconImportant dates
DatesEvents
17 Jan '25
XAT 2025 resultOngoing
20 Jan '25
CMAT 2025 admit card download
25 Jan '25
CMAT 2025 exam date
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Commonly asked questions
On Admissions

Q:   How difficult is it to get into National Insurance Academy for PGDM course?

A: 

National Insurance Academy is one of the best colleges present in India offering Management education to students. The mode of National Insurance Academy course admissions is online. Admission to various programmes is based on entrance exam scores and merit. The accepted entrance exams are XAT, CAT,  CMAT, and others. Hardworking students can easily get admission to the various courses offered at National Insurance Academy Pune. 

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Q:   Can I get direct admission in National Insurance Academy?

A: 

Admission to various courses at National Insurance Academy is based on merit and accepted entrance exam scores. The accepted entrance exams are XAT,  CAT,  CMAT, and others. Candidates must secure a valid score in the accepted entrance exam for a successful admission to various courses. For direct admission details, please visit the official website of the college. 

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Admission Details for all coursesRight Arrow Icon

National Insurance Academy Pune Cutoff 2024

MBA/PGDM CMAT Cut Off 2023: Year-Wise percentileAccordion Icon V3
Post Graduate Diploma in Management (PGDM) - National Insurance Academy Pune : CMAT percentile Cutoff (General-All India)
Section20222023
Overall7575
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Commonly asked questions
On Cutoffs

Q:   What kind of profiles are offered to the students for courses at NIA? What is the CMAT cut-off for general category candidates?

A: 
Some of them got Actuarial profiles, Risk management profile, Corporate sales, Claim settlement, Underwriting, etc. Future is not limited you can pursue your career as per your wish. You can find the network of alumni of NIA in almost all companies in good position. One of the biggest advantage is you can work with insurance companies both general and life, consulting firms, risk assessment, broker firms both direct and reinsurance brokers, IT companies as Business consultants etc. CMAT cut-off is 80 percentile for general category.
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Q:   Approximately what percentile in CAT is required to get a call from NIA?

A: 

 Expected Cut off for shortlisting students at NIA is mentioned in the table given below:

Category

Expected Cut-Off Percentile

CAT

XAT

CMAT

General /  EWS

75

85

95

NC-OBC /  SC/ST/DA

71.25

80.75

90.25

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National Insurance Academy Pune Placements 2024

CourseMedian Salary
MBA/PGDM
11.7 LPA

Top Recruiters

BAJAJ Allianz
Bharti AXA
TATA AIG Insurance
IFFCOtokyo
SBI Life
Swiss Re
Aditya Birla Group
Marsh
Tata Motors
Infosys
Atos
Intellect Design
Cognizant
L&T Infotech
Policy Bazaar
ICICI Prudential
Reliance Industries Limited
IBM
3i Infotech
religare
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Commonly asked questions
On Placements

Q:   How are MBA placements at National Insurance Academy- NIA?

A: 

For the past 30 years, one hundred percent of National Insurance Academy (NIA) MBA placements have been successful. NIA maintains strong connections to the insurance industry, which mean that its students get access to good jobs on graduation. Some recruiters from other sectors at NIA are insurance and reinsurance businesses, MNC brokers, catastrophe modeling companies, financial institutions and consultancies and IT Companies among many others. the highest package during placements for 2024 at NIA Pune was INR 22 LPA which is an indicator of quality opportunities available for the learners. In addition to this, NIA has a well-structured training programme that covers soft skills training; mock GD/Interviews; debates; case studies; Industrial visits and exposure to various sectors like automobile manufacturing actuarial institute and ports among others which increases students’ readiness for industry. As such, the placements at NIA cater for diverse fields hence a wide range of job opportunities for MBA graduates.

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Q:   Which was the top sector during NIA Pune placements?

A: 

General Insurance emerged as the top recruiting sector with 54.50% of the batch placed in it. This was followed by the Insurance Brokers sector with 20% of the PGDM batch placed. The table below illustrates the sector-wise distribution of National Insurance Academy Pune placements 2024 for PGDM:

Sector

Placement Percentage (2024)

General Insurance

54.50%

Insurance Brokers

20%

Life Insurance

14.50%

IT/ ITES

7%

Health Insurance

1.50%

Reinsurance

1.50%

Consulting

1%

The institute has also released the number of companies from diverse sectors that participated in the 2024 drive. Over 71 companies participated from the General Insurance sector. The snip below showcases the sector-wise number of recruiters:

National Insurance Academy placements

Source: Official Placement Brochure 2024-25

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Q:   What is the average package offered during NIA Pune placements?

A: 

The overall average package for the PGDM batch passing out in 2023 was INR 12.50 LPA. Further, the average package for the top 10% of the offers was INR 18 LPA. Tabulated below is the National Insurance Academy Pune average package:

ParticularsPlacement Statistics (2023)
Average packageINR 12.50 LPA
Top 10% average packageINR 18 LPA
Top 50% average packageINR 14.94 LPA
Top 75% average packageINR 13.86 LPA
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Q:   How many companies participated in NIA Pune placements?

A: 

As per the latest report, 29 recruiters from diverse sectors participated in the PGDM placement drive 2023-24. This included 11 first-time recruiters. The table below represents the number of recruiters that were part of National Insurance Academy Pune placements 2024:

ParticularsPlacement Statistics (2023)
Total recruiters29
New recruiters11
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Q:   What is the placement scenario at National Insurance Academy?

A: 

The key highlights of National Insurance Academy placements 2024 are tabulated below:

Particular PGDM Placement Statistics (2024)
Placement rate100%
Highest packageINR 22 LPA
Average packageINR 12.30 LPA
Median packageINR 11.70 LPA
Top 10% average packageINR 16.05 LPA
Top 50% average packageINR 14.10 LPA
Top 75% average packageINR 13.18 LPA
Total recruiters29
New recruiters11
PPOs received 57
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National Insurance Academy Pune
Rankings 2025

National Insurance Academy Pune vs Other Colleges- Which is better?

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Compare National Insurance Academy Pune with other similar colleges

MBA/PGDM
PG Diploma
Certificate
CollegeMedian SalaryTotal Tuition FeesRanking

National Insurance Academy Pune

₹ 11.7 LPA₹ 11 L101-125 NIRF, 2023

ISBM Pune

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-/-₹ 12.2 L#12 Times, 2024

IBS Pune

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₹ 7.6 LPA₹ 9.09 L -/-

Universal AI University

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₹ 8 LPA - 10.77 LPA₹ 1.75 L - 16.28 L#25 Times, 2024

NIBM Pune

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₹ 15 LPA₹ 13.72 L#91 NIRF, 2024

IBS Mumbai

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₹ 7.6 LPA₹ 9.09 L -/-
The values are of the latest years available with Shiksha. For more details, check detailed comparison
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Commonly asked questions
On Comparisons

Q:   Which is better NIA Pune or NIBM Pune?

A: 

The table below compares the PGDM placement statistics of NIA Pune and NIBM Pune for the 2024 drive:

College/ Institute NameHighest Package (2024)Average Package (2024)Placement Rate (2024)
NIA PuneINR 22 LPA (PGDM)INR 12.30 LPA (PGDM)100% (PGDM)
NIBM PuneINR 26.51 LPA (PGDM B&FS)INR 14.23 LPA (PGDM B&FS)100% (PGDM B&FS)
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Q:   Is National Insurance Academy- NIA as good as Christ University for PG Diploma?

A: 

Pune’s National Insurance Academy (NIA) is highly respected for its Post Graduate Diploma in Management (PGDM) programme with a major thrust on insurance and risk management. NIA has an impressive placement record supported by its association with lead insurance companies in India and overseas which provide students with on-the-job experiences and good career prospects. The school also enjoys a strong alumni base, many of whom contribute towards scholarships. This out-of-the-ordinary curriculum integrates both management as well as insurance to give students an opportunity to take other insurance courses at the same time.

Christ University, however, offers several courses including MBA programs. Nevertheless, whereas both NIA and Christ University have their own advantages; NIA stands out due to its specialisation in insurance management as well as industry linkages that make it a preferable option for those aspiring to join this profession. On the other hand, Christ University prides itself on offering diverse disciplines beyond insurance and risk management.

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National Insurance Academy Pune
Students Ratings & Reviews

4.4/5
Verified Icon17 Verified ReviewsInfo Icon
Placement Review IconPlacements4.6
Infrastructure Review IconInfrastructure4.4
Faculty Review IconFaculty & Course4.1
Crowd Review IconCampus Life4.4
Money Review IconValue for Money4.5
R
Rohit Ram P Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2022
4.6
5Placements4Infrastructure4Faculty5Crowd & Campus Life5Value for Money
PGDM at NIA opens up a world of opportunities.
Placements: NIA offers 100% placements from its inception. This year, the average package offered is 10.3 LPA. The highest package offered was 29.5 LPA. 30% of the batch got PPOs during their summer internships. Core insurance roles, B.A roles and consulting roles are the major roles offered.
Infrastructure: The NIA campus is beautiful. The classrooms, hostels and library are the best in class. All necessary modern amenities are provided in the hostels. Modern sports and gym facilities are available. The mess is attached to the hostel, which serves decent food.
Faculty: At NIA, you have industry experts to make us understand the concepts in-depth. The curriculum is designed in a way that makes us industry-ready after 2 years of PGDM. We have a trisemester program, where an SIP is scheduled after 3 trisemesters. The exams are scheduled after each trisemester.
Other: The ROI at NIA is unmatchable with colleges of similar level. The insurance industry is currently known as the Sunrise industry, with a huge potential to reach out in the next decades to come, with a tremendous CAGR. A variety of events like HR Summit, Insurance Summit and Manthan are held every year to add an extra spice to your college life.
Reviewed on 25 Jan 2022Read More
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A
Abhishek Mandal Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2020
4.6
5Placements4Infrastructure5Faculty5Crowd & Campus Life4Value for Money
Mecca of Insurance with 100% placements .
Placements: Top insurance companies/brokers and Insuretech companies come in zero-day for placements and the batch had 100% placements. This batch had a record of PPOs, the packages are at par with industry standards, the roles offered were Underwriters, claims, business analyst etc. All of them play a pivotal role in the insurance industry.
Infrastructure: The library is well maintained with real-time check-in and check-outs, resident doctors are present on the campus every day. The college has a well-equipped gym and games centre. It also has a swimming pool, sauna as add one. One of the drawbacks is that the hostel does not have a Wi-Fi but the hostel is cleaned every day by the housekeeping and proper hygiene is maintained.
Faculty: The teachers are qualified as they are mostly professionals who come directly from the insurance industry. They are Masters in their respective domains and the knowledge imparted is unique and they give the right stepping stone for entering the insurance industry. Students get the chance to meet many professional through the Insurance Summit, HR summit and CD Deshmukh seminar.
Other: The college has a lush green campus in Pune and they are one of the premier institutions in India. The college fest Nathan is one of those events which is completely organized by students and students from other B-Schools come to participate in those events.
Reviewed on 8 May 2020Read More
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SS
Suman SaurabhVerified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2017
4.6
5Placements5Infrastructure4Faculty4Crowd & Campus Life5Value for Money
Satisfied with college, its campus, facilities and course. It was a great experience.
Placements: Excellent placement, with a minimum package of 6 Lacs. There is almost 100% placement. Companies from IT sector, insurance sector, broking, consultancy firm took participate in the placement. The lowest was 6 Lacs and the highest was 10 Lacs. Roles like Underwriter, B.A. manager were offered. 100% of student got internship from the college. There is a separate placement cell in the college, who looks the placement process.
Infrastructure: Excellent greenery campus with all the facilities. Campus has all the facilities like library with all the amenities. Computer labs. There is a separate gymkhana for boys and girls with swimming pool. Food quality is average, only on Saturday, there is a special dinner. Hostel rooms are big, enough for two boys. We did not faces any infrastructure issues during our course period.
Faculty: All the faculty members are experienced with industry exposure. Faculty members come from the insurance industry and from other sectors best in their areas. There is no problem regarding faculty members. There are guest faculty members also for many subjects. Practical approach is mostly preferred. During our course period, we got the Industry exposure.
Other: FAIR seminar, HR summit, Film fest and many more.
Reviewed on 21 Apr 2018Read More
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SP
Sahil PuriVerified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2018
5
5Placements5Infrastructure5Faculty5Crowd & Campus Life5Value for Money
The best institute to study in.
Placements: National Insurance Academy holds a record 100% placement since inception and has been regarded as one of best colleges in insurance industry. Regular recruiters include IFFCO Tokio GIC, SBI Life, SBI General, Bajaj Allianz GIC, Hlobal insurance brokers, etc.
Infrastructure: Campus of National Insurance Academy is spread over 32 acres with facilities live indoor badminton court, gymnasium, pool table, etc. It has world-class lecture halls. The institute also have an amazing library which includes journals, books and newletters.
Faculty: The course curriculum includes both management and insurance related subjects and the faculty includes both industry experts amd academicians. Thirty five percent of the course curriculum includes subjects eelates to insurance and rest general management.
Reviewed on 11 Apr 2018Read More
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SK
Shubhankar KabuVerified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2018
3.8
4Placements5Infrastructure3Faculty3Crowd & Campus Life4Value for Money
Get ready for a lifetime opportunity and experience at NIA, Pune.
Placements: At NIA you can set back and relax as far as placements are concerned. Since inception, NIA has boasted 100% placement record. The list of recruiters includes Global, Marsh, JLT India, TCS, LNT, Mahindra, Accenture, Cognizant, IBM, Tata AIG, IFFCO TOKIO, ICICI Lombard, HDFC ERGO, Edelweiss, ICICI Prudential etc. Summer internship opportunities with PSU GICs. The highest package is 11.7 LPA, and the average stands at around 7.3 LPA.
Infrastructure: The best infrastructure you can get in the whole of Pune for MBA course. Lush green 32 acres campus with sprawling and mesmerising beauty. Swimming pool, badminton court, TT table, 8 lecture halls, Full-size amphitheatre, and much more. The campus has 1.8 Km jogging track inside it.
Faculty: About 70% of the general management subjects and 30% of the insurance specialisation. Best in-house faculty and amazing guest lectures from external faculty and alumni. Guest lectures from the insurance industry experts are just unparalleled and provide the best insight into the current industry practices.
Other: The management fest Manthan is organised in this college. Also, it conducts HR summit Tatva, and insurance summit Taj Hotel Mumbai.
Reviewed on 22 Mar 2018Read More
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AC
Anindya ChakrabortyVerified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2018
4.4
5Placements5Infrastructure3Faculty4Crowd & Campus Life5Value for Money
There is insurance, placements and fun.
Placements: The placements are seriously good in NIA. Since its inception, no student has been unplaced. This time also, all the students got placed in zero-day (first day of placement). The average package offered for this year was approximately Rs. 7.56 lakhs and the highest offer was Rs. 11 lakhs. As this is the most coveted institute for insurance in the country, almost all the top multinational insurance companies like Tata AIG, Bajaj Allianz, SBI Life, IFFCO TOKIO came to the campus. Some insurance brokers like Mahindra brokers, Aditya Birla brokers and some top information technology companies like Accenture, IBM, Syntel, L&T Infotech also came. All of these recruiters came for 16-18 placements. A good number of students got absorbed by the companies in which they did their internships (PPO). All in all, the placement at NIA are just great.
Infrastructure: The infrastructure in NIA is simply world class. All the lecture halls are air-conditioned and are properly equipped with the state of the art equipment. We have a library which is very easily the best library in Asia for the subject matter of insurance. A gym, table tennis, swimming pool, badminton and all the other recreational facilities are there on the campus. The campus itself is one of it's kind of lush greenery of utter grace.
Faculty: Most of the faculty consists of the industry experts as the subject needs experts, All of them have at least 20 years of working experience. The in-house faculty are amazing and can be reached anytime. The guest faculty are also organized for various subjects. The course curriculum consists of both general management and the insurance subjects. The students can take up the specialisation during the second year (finance, HR, marketing). Various seminars like insurance summit give the students the exposure of interacting with the industry experts and get a feeling of the corporate life.
Reviewed on 4 Dec 2017Read More
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National Insurance Academy Pune Courses and Fees 2024

Accordion Icon V3
CoursesTuition FeesEligibility
MBA/PGDM(1 course)
11 L
Graduation : 50 %
Exams : XATCAT+1 More
PG Diploma(2 courses)
9.4 K
– / –
Certificate(2 courses)
4.7 K
Graduation : 50 %
Exams : CBSE 12thISC+1 More
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Commonly asked questions
On Fees and Eligibility

Q:   How can I withdraw the fee, which I have paid at NIA?

A: 
Please put a mail to the admission office regarding the same. Including your transaction details and to which account you want yo receive the same. NIA will be following all the procedures as per the AICTE rules and regulations for withdrawal of admission. Don't forget to mention your registration no. And the date of selection and GD/PI details.
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Q:   Is there any chance to get a call for GD/PI at NIA? Are there any BCom graduates in the institute? I have scored 79 percentile in CAT.

A: 
You will be getting a GD & PI call. GD PI will be in second last week of this month most probably (21,22), and will be held at NIA Pune Campus. Batch is mix of graduates from B.Com, B.E/B.Tech, B.Sc. etc. Almost 40 % students are from commerce background. Class comprises of 50% freshers as well.
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Q:   What is the eligibility criteria for admission to PG Diploma at National Insurance Academy- NIA?

A: 

Here are the prerequisites for admission to PGDM at NIA:

- Any graduate with not less than 50 percent marks.

- General, EWS, OBC-NC candidates have upper age limit of 28 while SC/ST/DA candidates’ age is capped at 30 as on July 1st, 2024.

- To get admitted into PGDM Course in NIA Pune, a candidate should score at least 50% in graduation.

- Selection process includes entrance examination such as CAT/XAT/or CMAT followed by GD / PI / and WAT.

 

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National Insurance Academy Pune Scholarships 2024

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Q&A Icon
Commonly asked questions
On Scholarships

Q:   Does NIA Pune offer scholarships to students?

A: 

Yes, NIA Pune offer scholarships to students as financial assistance. The below-mentioned are scholarships awarded to the PGDM Batch 2019-21:

National Insurance Academy Pune Scholarships
Mahadeo Narayan Parchure Memorial AwardRam M Moghe Memorial PrizeLingraj Mishra Gold Medal
Jagdhir Boda Gold MedalSubhash Chandra Sarker Memorial Prize-

Note: The scholarships mentioned above are from the past year. Hence, visit the official website for updated information.

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Q:   Are there any scholarship programmes for UG courses at National Insurance Academy- NIA?

A: 

National Insurance Academy in Pune has scholarship programs for undergraduate (UG) courses. The NIA provides scholarships to the deserving students, and among them are nine Rs. 1 Lacs scholarships each for meritorious students, girl students and eligible students. These scholarships have been designed at NIA to assist scholars with satisfactory performance at NIA. Moreover, the financial support programme that is embodied in these scholarships is a right way of achieving this goal.

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National Insurance Academy Pune Infrastructure

Library

Hostel

Sports Complex

Labs

Others

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Commonly asked questions
On Infrastructure

Q:   How is the NIA campus? What are the nearby facilities available to hang out? Will the course be very hectic as it is about Insurance sector?

A: 

National Insurance Academy has a big campus with multiple facilities available for students. There are modern classrooms, coneference halls, library, and various other facilities are available in the college. The course is not very hectic but it is easily manageable. 

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National Insurance Academy FAQs

Q:   What are the job profiles offered during NIA Pune placements?

A: 

Some of the popular job profiles offered to students during National Insurance Academy Pune placements are mentioned below:

NIA Pune Placements: Job Profiles

Underwriting Manager

Claims Manager

Actuarial Analyst

Business Analyst

Risk Analyst

Manager – Product Development & Pricing

Business Development Manager

Sales & Marketing

Techno-Marketing

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Q:   Can you rate the following colleges in terms of growth & placement : IPE,Hyderabad,NIA,NIBM,NIT Waran,XIME and BIMTECH,Noida?

A: 
NIA being a premier institute in the field of insurance founded by Ministry of Finance GOI, LIC, Four GIC companies is a reputed institute in insurance industry. NIA established for the training and development of insurance professionals in the country. Placement from NIA is also in the related areas of insurance only. Where as the other institutes courses/programs are in general not in insurance and the placement in the insurance field from other colleges mostly in other domain. NIA stands out from rest of the colleges. Thus, comparing with other colleges is not possible. Sorry.
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Q:   Who were the top recruiters during NIA Pune placements?

A: 

The list of recruiters that participated during NIA Pune placements 2024 for recruiting the PGDM batch is mentioned below:

NIA Pune Placements 2024: Top Recruiters
TATA AIAIffco-TokioKotak General Insurance
Mahindra Insurance BrokersSBI General Insurance CompanyTATA AIG
HDFC ErgoBajaj Allianz General Insurance CompanyIndia First Life Insurance
Go Digit General Insurance Ltd.Marsh India Insurance Brokers Pvt. Ltd.Aon
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Q:   Is National Insurance Academy a good college?

A: 

Yes, National Insurance Academy is a good college. National Insurance Academy is ranked 101-125 by NIRF 2023 under the Management Institutes category. NIA College Pune was established in 1980 jointly by the Ministry of Finance - Government of India, General Insurance Corporation of India, Life Insurance Corporation of India, The New India Assurance Company, National Insurance Company, The Oriental Insurance Company, and United India Insurance Company. National Insurance Academy provides placement assistance to students. 

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Q:   What is the latest cutoff information for admission to MBA at National Insurance Academy- NIA?

A: 

The latest cutoff information for admission to MBA at National Insurance Academy (NIA) is as below:

- The overall cutoff percentile for CMAT in 2023 is 75.

- The following are the expected cutoff percentiles for CAT, XAT and CMAT in 2024:

  - General / EWS: CAT - 75, XAT - 85, CMAT - 95

  - NC-OBC / SC/ST/DA: CAT - 71.25, XAT - 80.75, CMAT - 90.25.

- Merit list based selection process where there are weightages given for various criteria such as past academic records, entrance exam scores (CAT, XAT, CMAT), GD and PI performance, work experience etc.

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Q:   Why should I take insurance as a specialization in MBA? Why should I choose NIA?

A: 
PGDM program in NIA aims at providing management education with focus on Insurance to the younger generation especially the ones who would like to make a mark in the sunrise industry of insurance. The PGDM programme is run from the same campus where middle and senior level executives from insurance industry come for executive development programmes. The student get a chance of observing the executives from a close quarters and also get the opportunity to attend various National and International seminars along with the executives and listen to industry veterans. All the best
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Q:   Does this college offer a Non-Life Insurance course at NIA? How is its placement?

A: 
NIA offers 2 year PGDM course and which comprises of life, non life and general management subjects. Subjects are spread into six trimesters and non life courses including, marine, fire, motor, engineering, health, liability etc. are part of the curriculum. NIA has a good placement record. Placements will be in life, non-life, reinsurance, broker, IT companies etc. There is no dedicated course structure for non life. Course structure is approved by AICTE.
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Q:   What is the placement rate at NIA Pune?

A: 

The placement rate recorded for the PGDM batch 2022-24 was 100%. Refer to the table table to know the NIA Pune placement rate for 2024:

ParticularsPlacement Statistics (2024)
Placement rate100%
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Q:   What is the dress code at NIA?

A: 

National Insurance Academy (NIA) is an AICTE-approved private business school and is ranked 4th among NIRF-ranked colleges in Pune. It offers programs like PGDM and Ph.D. across several streams, such as insurance, general management, and IT. Apart from that, NIA also offers Diploma and Certificate courses in insurance. Referring to your query, according to the code of conduct guidelines of NIA, students are advised to be in proper dress on campus, which is usually a formal business suit with a tie. Casuals are not allowed on campus and you need to wear formal business suits during academic activities.

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Q:   What is the placement package of NIA Pune?

A: 

The highest package offered to the PGDM batch 2022-24 was INR 22 LPA. Further, the average package and median package stood at INR 12.30 LPA and INR 11.70 LPA, respectively. The table below represents NIA Pune placement package for 2024:

ParticularsPlacement Statistics (2024)
Highest packageINR 22 LPA
Average packageINR 12.30 LPA
Median packageINR 11.70 LPA
Top 10% average packageINR 16.05 LPA
Top 50% average packageINR 14.10 LPA
Top 75% average packageINR 13.18 LPA
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Q:   What is the average placement package offered at NIA Pune?

A: 

The institute has released the average package details for the PGDM batch 2022-24. The overall average package stood at INR 12.30 LPA. Furthermore, the average package for the top 10% and top 50% offers was INR 16.05 LPA and INR 14.10 LPA, respectively. The table below depicts the NIA Pune average package 2024:

ParticularsPlacement Statistics (2024)
Average package (overall)INR 12.30 LPA
Top 10% average packageINR 16.05 LPA
Top 50% average packageINR 14.10 LPA
Top 75% average packageINR 13.18 LPA
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Q:   Which sector involves the largest share of NIA Pune alumni?

A: 

According to unofficial sources, a large share of National Insurance Academy Pune alumni work in the Finance sector with a 19% share. The other top sectors that involve the majority of alumni are Business Development and Sales. The detailed sector-wise distribution of alumni is presented in the table below:

SectorPercentage of Alumni
Finance19%
Business Development16%
Sales15%
Education13%
Operations10%
Research10%
Others17%

NOTE: The sectors involved in the 'Others' category are Customer Success and Support, Consulting, and Administrative.

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Q:   What is the average package for PG Diploma students at National Insurance Academy- NIA?

A: 

For the 2023 placement drive, it was observed that the average package for PG Diploma students at National Insurance Academy (NIA) in Pune is INR 12.50 LPA. This is the same as if it refers to the mean remuneration given to Post Graduate Diploma in Management (PGDM) learners of NIA. Furthermore, during this time frame, INR 13 LPA was the median package. The figures clearly demonstrate how competitive are average salaries paid to graduates from NIA’s PG Diploma course.

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Q:   How many students were placed during NIA Pune placements?

A: 

During 2023 PGDM placements, 98 students were placed successfully. In 2022 the number of students placed was 91. Looking at the past three years' data (2021 to 2023), a fluctuating trend was recorded in the number of students placed. The National Insurance Academy Pune placement trend in terms of number of students placed is depicted below:

Particulars202120222023
No. of students placed929198
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Q:   When the results will be declared at NIA? My GD/PI was in April.

A: 

Students can check the overall exam schedule on the official website of NIA. Currently admissions are ongoing and GD/PI round is yet to happen. Hence, wait for the round to take place. Visit the official website for updated information on this. 

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Q:   Do CPCU exams cost paid by NIA? Does age matter during placements?

A: 
CPCU exam cost is included in the college fee. So it is paid by college. Age is not a criteria during placement in NIA by private companies. At the time of Joining the allowed maximum age limit for General & NC-OBC is 26, for SC& ST it is 28 years. Work experience is a criteria looking by companies mostly by IT sector. But more than 4 years is not appropriate.
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National Insurance Academy Pune

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 5 months ago

You need to fill out the appropriate portion of the NIA PGDM admissions form with your CMAT results. You can leave it blank or use a placeholder that says "score awaited" if you haven't gotten your score yet. Make sure you adhere to the institution's scoring requirements and submit your score as soo

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M

Muskan

Contributor-Level 10

Answered 6 months ago

National Insurance Academy- NIA and IMT Nagpur - Institute of Management Technology both are renowned universities for MBA/PGDM. However, in terms of affordability, National Insurance Academy- NIA is a better option since the total tuition fee for National Insurance Academy- NIA is INR 1,100,000 and

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A

Atul Mishra

Beginner-Level 1

Answered 6 months ago

The average salary package received by students after completing MBA/PGDM from National Insurance Academy- NIA is INR 1,250,000. While, the average salary offered by SIES College of Management Studies after completion of MBA/PGDM is INR 550,000 - INR 679,000. Basis these stats, National Insurance Ac

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A

Atul Mishra

Beginner-Level 1

Answered 6 months ago

The median salary package offered to the students after finishing MBA/PGDM from National Insurance Academy- NIA is INR 1,300,000. While, the Median package offered by SIES College of Management Studies after completion of MBA/PGDM is INR 750,000. Basis these stats, National Insurance Academy- NIA is

...more

A

Atul Mishra

Beginner-Level 1

Answered 6 months ago

The median salary package offered to the students after finishing MBA/PGDM from National Insurance Academy- NIA is INR 1,300,000. While, the Median package offered by Indira Institute of Management - IIMP after completion of MBA/PGDM is INR 500,000 - INR 680,000. Basis these stats, National Insuranc

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A

Atul Mishra

Beginner-Level 1

Content authored by:

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Hemansh Bhardwaj

Updated on Jun 4, 2024

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National Insurance Academy Pune
Contact Information

Address

National Insurance Academy
25,Baner Road, NIA P.O

Pune ( Maharashtra)

Phone
02027204444

(For general query)

02027204000

(For admission query)

Email
contactus@niapune.org.in

(For general query)

admissions@niapune.org.in

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