National Insurance Academy- NIA Balewadi Pune Answered Questions

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.

The total tuition fee for PG Diploma at National Insurance Academy (NIA) in Pune is INR 11 lakh. The programme is a two-year full-time PGDM with an intake of around 180 or more seats and accepts entrance exam scores like CAT and CMAT. It offers a unique combination of Management and Insurance subjects and provides practical experience for interacting with industry professionals.

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.

Eligibility:- Any Graduate earning a minimum of 50%. Receive your CAT -2023, XAT-2024 and CMAT - 2024 results. As of July 1, 2024, the upper age limit is 30 years for SC/ST/DA candidates and 28 years for General, EWS and OBC-NC candidates. Tuition fee:-Rs 11,00,000/- for 2 years.Hotel and food charges:-Rs 3,50,000 for 2 years.GD/PI process :- After CAT/XAT/CMAT results.

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.

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.

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.

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. 

The best course offered in National Insurance Academy (NIA) is the Post Graduate Diploma in Management (PGDM). It is well respected and offers an all-round education in insurance, risk management to enable graduates excel in the insurance sector. They are recognised for being the best due to its world class PGDM program, practical nature and good placement records which make it a number one choice for those who want to have a successful career in insurance industries and related fields.

To determine the minimum CMAT (Common Management Admission Test) score required for converting, several factors need to be considered, including the individual’s academic background, work experience, and the specific institution they are targeting. The following paragraphs will provide an overview of the CMAT score conversion and its requirements.First, let’s discuss the CMAT scoring system. The CMAT is a standardized entrance examination conducted in India for admission to various management programs. It consists of four sections: Quantitative Techniques & Data Interpretation, Logical Reasoning, Language Comprehension, and General Awareness. Each section has a maximum score of 40, and the total score ranges from 200 to 800.Considering your academic profile, you have completed 10th and 12th standard with 71.25% and 73.83% respectively, and have a B.Com degree with a 60% score. You also have 2.5 years of work experience. These factors will significantly impact the minimum CMAT score required for conversion.Now, let’s discuss the conversion process. Each institute has its own set of cut-offs, and the minimum CMAT score required to convert can vary from institute to institute. It is essential to research the specific institutes you are targeting and their previous year’s cut-offs to determine the minimum score required for conversion.In conclusion, the minimum CMAT score required to convert depends on various factors, including your academic background, work experience, and the specific institute you are targeting. To determine the most appropriate minimum score, it is crucial to research and analyze the cut-offs of the target institutes.