06 Nov, 2024
National Insurance Academy (NIA), Pune was established in 1980. NIA Pune offers the AICTE approved PGDM course which is accredited by the National Board of Accreditation (NBA) and granted equivalence to MBA by AIU. Admission to the PGDM course will be based on the marks secured in CAT 2023/ CMAT 2024/ XAT 2024 and past academic records. The selection process will also include Group Discussion and Personal Interview including Knowledge of Written English.
On October 2023, NIA has entered into an MOU with African College of Insurance and Social Protection (ACISP), Tanzania with an aim to establish a world class modern facility to serve Africa in the fields of Insurance, Social Protection and allied fields. NIA, Pune received “Best Insurance Academy in India - Excellence Award For Training & Education In India” at Insurance & Fintech Summit, 2023.
NIA has 100% placement record from the First Batch of 2010-12. The highest package offered to the students of batch 2022-24 was INR 22 LPA. ICICI Lombard General Insurance Company, Tata AIG General Insurance Company, Aditya Birla Insurance Brokers, Swiss Re, Atos Syntel, Reliance Industries Limited are some of the recruiters that visited the campus during the last placement season. The Alumni are working with reputed Multinational and Indian Reinsurance, Insurance Companies, Insurance Brokers, leading IT Companies & other industries both in India and abroad.
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The PGDM program provided by NIA Pune matches the international standard and for this National Insurance Academy School of Management (NIASoM) has undergone complete syllabus restructuring under the supervision of Dr Prathap Oburai, the Director of INA.
Read More: NIA Pune Admission
Event | Dates |
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Last Date to Apply for PGDM | May 31, 2024 |
Courses | Specialization | Admission Criteria |
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PGDM | Management | Eligibility: Graduation degree from any recognized university with a minimum 50% for General Category and 45% for SC/ST/DA category Fees: INR 11,00,000 |
Note: The selection criteria for PGDM course includes CAT/CMAT/XAT score which is given 50% weightage in the final merit list, GD/PI score which has 30% weightage in the final merit list, and Past Academic Records (20% weightage) along with relevant work experience at the time of the interview.
Read More: NIA Pune Courses and Fees
Candidates who are eligible for the PGDM program are allowed to undertake an online application process. The following admission process is as follows:
Note: Upper age limit is 28 years for General / OBC - NC candidates, and 30 years for SC/ST/DA candidates as on 1 July 2024.
Read More: NIA Pune Review
The expected cutoff for NIA Pune admission 2024 is as follows:
Categoru | CAT | XAT | CMAT |
---|---|---|---|
General/ EWS | 75 | 85 | 95 |
NC-OBC/ SC/ ST/ DA | 71.25 | 80.75 | 90.25 |
NIA Pune placements batch (2022-2024) recorded a 100% placement. There was a 22% Increase in the NIA Pune highest CTC from the previous year which stood at INR 22 LPA. Placement highlights are as follows:
Particulars | Placements statistics |
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Placement percentage | 100% |
Increase in highest package from last year | 22% |
Highest CTC (2022-2024) | INR 22 LPA |
Highest CTC (2021-2023) | INR 18 LPA |
Highest CTC (2020-2022) | INR 29 LPA |
Top Companies at NIA Pune
Bajaj Allianz General Insurance Company | ICICI Lombard General Insurance Company | GoDigit General Insurance Company | Liberty General Insurance Company |
Future Generali General Insurance Company |
SBI General Insurance Company | Tata AIG General Insurance Company | Kotak General Insurance Company |
TATA AIA Life Insurance Company | HDFC Life Insurance Company | Marsh Insurance Brokers | Aditya Birla Insurance Brokers |
Unilight Insurance & Reinsurance Brokers | Finsall Resources | Swiss Re | CARE Health insurance company, |
Cognizant Technology Solutions, | L&T Infotech | Qatar Insurance Company | Orient PSJC Insurance Company, |
Read More: NIA Pune Placements
The institute endeavours to help deserving candidates from different categories in pursuing management studies. NIA gives 9 scholarships of INR 1 lakh each to meritorious students, girl students and eligible students belonging to specified categories including students belonging to economically weaker sections.
National Insurance Academy is spread over 32 Acre campus in the city of Pune on the Mumbai-Bengaluru highway with greenery all around provides an unmatched ambience along with high safety and security for the students. The institute has 10 Air-Conditioned lecture halls equipped with state-of-the-art facilities. Six of these classrooms are dedicated for PGDM Students. In addition, there are 8 syndicate rooms to facilitate group discussions, case studies, presentations and deliberations. Separate reading rooms are also available for the use of the students. Some other facilities are listed below:
Convention Centre: NIA has a best-in-class auditorium with a seating capacity of 220 with excellent audiovisual system.
Library: The institute has one of the few libraries in India having the choicest collection of books in life Insurance, non-life insurance and management areas. The reading room of this library is equipped with almost all national and international journals in Insurance, Actuarial Science, Pensions and related areas including journals for general awareness and entertainment. A variety of research publications add further value to this already rich knowledge bank.
Computer Facilities: NIA has a Windows based LAN, connected to State-of-the-art terminals spread all over the establishment. The Academy has IT park classroom for IT training. Wi-Fi facility is available in the campus.
Insurance Labs: The academy fosters a unique concept known as Insurance Labs. There are motor lab, marine lab and health lab for the students to get practical knowledge on related general insurance subjects.
Hostel: The student’s hostel “Sarvapalli” has fully furnished spacious rooms. The hostels are separate for male and female students. It has 24 hours uninterrupted power and water supply. Round the clock security is provided in the hostel and in the rest of the campus. There is also the Internet facility with Wi-Fi connectivity for the students in the rooms. No Hostel allotment to Pune based students.
Grievance Redressal Committee & Anti-Ragging Committee: The Academy is fully compliant with the regulations pertaining to “Establishment of Mechanism for Grievance Redressal Regulations, 2012 of AICTE” & Internal Complaint Committee. NIA follows anti-ragging regulation as per AICTE norms.
Heath Care: There is a clinic where a doctor visits regularly and is also available on call. In addition, students have the benefit of Mediclaim and personal accident cover up to a specified amount under a group policy during the duration of the course.
Sports and Recreation: The multipurpose sporting complex has facilities for badminton, table tennis, billiards, state-of-the-art- gymnasium, sauna, Jacuzzi. There is a swimming pool in the sporting complex. There is also an open ground for playing cricket, football and basketball.
Yoga & Meditation Hall: The institute has a separate Yoga and Meditation Centre in a campus for the students.
Jogging Track and GIC Pathway: The 1.5 kms jogging track encircling the campus is a wonderful way to breathe fresh air and hear chirping of the birds. The GIC Pathway close to sporting complex is a water-fed pathway with gravel
for acupressure therapy.
Banking and Postal Services: A branch of Bank of Maharashtra and a Post Office are located near the main gate of the campus for banking (Forex services also available) and postal needs, including ATM facility.
The officials including faculty working at NIA, live on the campus. Many festivals are celebrated with enthusiasm by the families of campus residents including children where the students also participate wholeheartedly. All cultural programmes involve all the residents of the campus, students & MDP participants.
Read More: NIA Pune Faculty
Ques. What is the profile provided by NIA through its PGDM course?
Ans. Being a joint venture of the top Insurance PSUs of the country, NIA has the potential to give exceptional exposure to its students. The course is similar to other PGDM courses but with a specialization in Insurance subjects. Top Insurance companies come every year as a recruiter here and offer a post of Administrative Officer to selected students.
Ques. Does NIA give opportunities for Summer Internship to its students?
Ans. Yes, NIA provides Summer Internship opportunities to its students. Various companies come to the college to recruit for summer internship programmes as well.
Ques. How is the Faculty of NIA Pune?
Ans. NIA Pune has an exceptional faculty list. Being directly affiliated to the Ministry of Finance, students get a chance to come in touch with experienced leaders of the Insurance industry. The faculty comprises of academicians and practitioners who are on NIA campus on full-time basis, in addition to regular visiting faculty.
Ques. Is NIA Pune internationally affiliated?
Ans. Yes, NIA has international affiliations with organizations like The Institute (USA), the Canadian Institute of Insurance, and CII (London).
Ques. What are placement statistics of NIA Pune?
Ans. NIA Pune has a record of 100% placement. The highest package offered by NIA Pune in the current year was 22 LPA.
Ques. Is loan facility available for pursuing courses at NIA Pune?
Ans. Yes, Education loans are available from leading Public Sector and Private Banks under the Premier Institution Scheme.
Ques. Why should I join NIA Pune for PGDM?
Ans. The PGDM programme at National Insurance Academy has a unique blend of Management and Insurance subjects where emphasis is placed both on theory and practice Students of NIA on completion of PGDM have exemption in Associateship examination conducted by Insurance Institute of India based on specific criteria. This gives them an edge over others in gaining insurance knowledge and good placement through campus selection.
NIA has excellent infrastructure facilities for curricular, Co-curricular and extracurricular activities that includes a library stocking over 25000 books and around 4000 + holdings and online journals on management and insurance.
The PGDM programme of NIA provides the students a practical exposure and opportunity to interact with Regulators, CEOs of Insurance Companies and other Professional Bodies by involving them in several interactive Seminars, Conferences and Insurance Summits throughout the 2 year course.
Select Degree and Streams to See Course Fees and Admission Details.
Eligibility:
Application Date:
Events | Dates |
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CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
CAT 2024 Result Date | Tentative Jan 10, 2025 |
CMAT Registration Timeline | Tentative Mar 29, 2025 - Apr 23, 2025 |
CMAT Admit Card Date | Tentative May 06, 2025 |
CMAT Exam Date | Tentative May 15, 2025 |
CMAT Result | Tentative Jun 06, 2025 |
Events | Dates |
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CAT 2024 Admit Card Date | Nov 05, 2024 |
CAT 2024 Registration Date | Aug 01, 2024 - Sep 13, 2024 |
Last Date to Apply (PGDM) | May 31, 2024 |
Events | Dates |
---|---|
CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
CAT 2024 Result Date | Tentative Jan 10, 2025 |
CMAT Registration Timeline | Tentative Mar 29, 2025 - Apr 23, 2025 |
CMAT Admit Card Date | Tentative May 06, 2025 |
CMAT Exam Date | Tentative May 15, 2025 |
CMAT Result | Tentative Jun 06, 2025 |
Events | Dates |
---|---|
CAT 2024 Admit Card Date | Nov 05, 2024 |
CAT 2024 Registration Date | Aug 01, 2024 - Sep 13, 2024 |
Last Date to Apply (PGDM) | May 31, 2024 |
NIA Pune, CAT Cutoff 2023 for General Category is listed below. The overall cutoff percentile for CAT is 70
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Eligibility of course is you should have a graduation degree in any stream and should have certain minimum percentage marks in it. All information related to admission forms ,fees ,dates is given on college website . Reservation benefits are there for OBC ,ST castes . CAT,XAT, CMAT are the exams one can take to get admission here where cat being the toughest and CMAT being easiest. Clear information regarding dates , cutoffs should be provided
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On a whole admission process was smooth and well structered. Process was shortlisting on the basis of CAT and CMAT scores,followed by Personal Interview to analyze your current knowledge, awareness and skills. Reservation benefits were provided on the basis of government categorisation and regulations.And regarding cutoff it's between 75 to 85 percentile for CAT and 85+ for CMAT.You can get forms at NIA website
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The admission process includes CAT/CMAT scores + 10/12/Graduation grades + GDPI. The students get shortlisted based on the CAT or CMAT scores and further they are called for GD and PI. Eligibility criteria - 60% in Graduation in any discipline. Application form is available on college website and enough time is given for the applicants after the results of respective exams are announced. The reservation benefits are given in college brochure and website in detail. The admission process is conducted once every year and the difficult is medium. Once the candidate gives his GDPI,his overall score is calculated by giving highest weightage to their Entrance exam scores(40%), Education background (20%), GDPI (30%) and 10% for extracurricular activities. The college can work on assisting students in documentation. All the doubts are catered through telephonic conversation if any from the office.
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I scored 87.90%ile in Cmat and as the COVID 19 pandemic was at the end I had to give PI online. The process was very smooth. The cut-off was 75%ile for CAT and 95%ile for Cmat. As I have done internship in a insurance firm and had cleared III (insurance institute of India) exams i had very good chances to get in NIA. Any Bachelors degree is accepted from a reputed university at NIA. Tere are reservation benifits too.
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NIA accepts CAT/XAT/CMAT entrance exams with cutoffs of 75/85/95 respectively You can fill out the application form available on National Insurance Academy's website for a fee of Rs 1000. After that you would be approached by the college for further process.
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National Insurance Academy's Admission process is First you have to register for the programme from college website after that you're selected for GDPI based on your entrance score on CAT ,CMAT,XAT Score Eligibility : admission based on entrance test Application form is available on official website of NIA pune There are reservatio benefits n according to the policy. Cmat is easy exam comparatively than CAT OR XAT
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The cutoff for cat exam is 75 and for cmat exam is 85 percentile, you can find the admission form on the official website of college, and the application fees for the registration form was 1000 rupees.
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The admission process was pretty smooth. I applied through CAT as it was the only exam that I gave. The institute however also accepts CMAT and XAT. The application form was available on the website. I applied on 15th April through my CAT score and my GD/PI was scheduled for 9 June.
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To get the admission in NIA pune, I had to clear CMAT. It occurs once a year around April and the form can be accessed through it's official website. Cutoff for CMAT was 85 till last year but has been increased this year. Difficulty of the exam is moderate.
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Admission process was smooth Done on the basis of PI. College takes CMAT, CAT and XAT scores Around 90% is the cut off for the entrance exams All application related information and forms are available on the NIA website Three semesters each semester has around 9 subjects. Continuous evaluation along with final exams Difficulty of exams can range from easy to moderate
You can check here to see what types of facilities NIA Pune provides.
Basic Information about the Faculty of NIA Pune
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The total fee for the PGDM course at the NIA is INR 11 Lakhs. 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.