Post Graduate Diploma in Management (PGDM) 

at National Insurance Academy Pune, Balewadi

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.

National Insurance Academy has set forth the qualification criteria to be met by PGDM applicants to be granted admission. Before applying, aspirants must ensure that they meet the academic qualifications. Aspirants must have completed a three-year Bachelor's Degree from an accredited university. They should have attained a minimum aggregate of 50% throughout the three years of degree examinations. Candidates are shortlisted according to the marks acquired in the approved entrance test.

To determine which one is ideal for an MBA/PGDM, applicants need to consider multiple factors when choosing between the two. Both institutes have strengths when comparing National Insurance and IIM Rohtak for an MBA/PGDM programme. Applicants can refer to the comparison below for the MBA/PGDM programme:

Particular	National Insurance	IIM Rohtak
Tuition Fees	INR 11 Lakh	INR 17.7 Lacs to INR 18.9 lakh
Overall Shiksha Rating	4.4/5	4.3/5
Seat Intake	180	-

NOTE: The above-mentioned fees are taken from their respective official sources. They are still subject to change and, hence, are indicative.

National Insurance Academy and DMS IIT Delhi are two of the popular institutions for studying an MBA/PGDM. The fee for the National Insurance Academy PGDM course is INR 11 lakh for two years. In contrast, the fee for the two-year MBA course at DMS IIT Delhi is INR 12 lakh. Comparing the two, the National Insurance Academy is clearly the more economical option of the two in terms of pursuing an MBA. However, the mentioned fee is taken from the official website/sanctioning body. It is still subject to change and, hence, is indicative.

Yes, PGDM is available at the National Insurance Academy. The duration of the programme is two years, which is divided into four semesters. Admission to the programme is entrance-based. Hence, interested candidates can refer to the following key highlights related to the National Insurance Academy PGDM course:

Particular	Highlights
Duration	Two years
Course Level	PG Degree
Mode of Course	Full Time
Total Tuition Fees	INR 11 lakh
Total Semesters	Four semesters
Selection criteria	Entrance-based

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:

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 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 package	INR 22 LPA

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.

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 Award	Ram M Moghe Memorial Prize	Lingraj Mishra Gold Medal
Jagdhir Boda Gold Medal	Subhash Chandra Sarker Memorial Prize	-

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