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

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. 

The placement rate recorded for the PGDM batch 2021-23 was 100%. The number of students placed was 98. Refer to the below table to know the NIA Pune placement rate for 2023:

Particulars	Placement Statistics (2023)
Placement rate	100%

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.

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.

Hi, Admission Process Register and Apply Interested candidates can apply online with required information Group Discussion & Personal Interview (GDPI) Shortlisted candidates will be called for group discussion and personal interview based on percentile obtained in CAT/ CMAT Final Selection Candidates are selected based on score/percentile obtained in CAT/ CMAT past academic record and performance in group discussion and personal interview. Selection parameters and weightage: Past Academic Record : 20% Performance in CAT / CMAT 50 % Performance in GD/PI : 30% https://www.shiksha.com/mba/course/post-graduate-diploma-in-management-national-insurance-academy-balewadi-Pune-23548.

The highest package offered to the PGDM batch 2021-23 was INR 18 LPA. Further, the average package and median package stood at INR 12.50 LPA and INR 13 LPA, respectively. The table below represents NIA Pune placement package for 2023:

Particulars	Placement Statistics (2023)
Average package	INR 12.50 LPA
Median package	INR 13 LPA
the highest package	INR 18 LPA

According to unofficial sources, a large share of National Insurance Academy Pune alumni work in the Finance sector. 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:

The list of recruiters that participated during NIA Pune placements 2023 for recruiting the PGDM batch is mentioned below:

NIA Pune Placements 2023: Top Recruiters
Tata AIG General Insurance Company	Bajaj Allianz General Insurance Company
SBI General Insurance Company	Roadzen Technologies Pvt. Ltd.
Policybazaar Insurance Brokers Pvt. Ltd.	Marsh India Insurance Brokers Pvt. Ltd.
Mahindra Insurance Brokers Ltd.	Go Digit General Insurance Ltd.

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.

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.

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

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.

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.

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.

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.

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.

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. 

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:

Particulars	Placement Statistics (2023)
Average package	INR 12.50 LPA
Top 10% average package	INR 18 LPA
Top 50% average package	INR 14.94 LPA
Top 75% average package	INR 13.86 LPA