I hope everyone is doing well. Today, the discussion is all about National Insurance Academy NIA Pune. It was established in 1980 by the Ministry of Finance – Government of India, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, United India Insurance Company and The Oriental Insurance Company.
NIA Pune Specialization
PGDM program focused on Insurance + Management
NIA Pune Eligibility Criteria
A graduation degree or equivalent from any recognized Indian/foreign university with a minimum of 55% for General and 50% for SC/ST Category. Students appearing for the final year can also apply.
1. Max age limit is 28 years for General, OBC-NC & 30 years for SC/ST/DA category as on 1st July 2023.
2. NIA has a reservation policy in admissions as per Central Government rules.
3. Weightage of Selection Parameters for the Final Selection
- Past Academics – 20%
- Score in CAT or CMAT – 50 %
- GD-PI Performance- 30% GD (10 marks) + PI (20 marks) = 30 marks *PI comprises of WAT
- Relevant Work Experience
NIA Pune Admission Process
- Online application on the basis of CAT 2022, CMAT 2023 – NIA website
- Group Discussion & Personal Interview
- Merit List
The healthy cut-off for application
- CMAT Cut off – 85%ile
- CAT Cut off- 70%ile
*The last date to apply is 15th May 2023
NIA Pune Fees
The fees for the course of 2 years is Rs. 9,43,000/- (Accommodation & Mess will be Rs. 3,07,000/-)
NIA Pune gives 9 scholarships of Rs. 1,00,000 each.
NIA Pune Intake
The maximum intake for 2021-2023 batch is expected to be 120 seats
NIA Pune Placement Statistics
|Average Salary||Rs. 12.5 LPA||Rs. 10.3 LPA||Rs. 7.67 LPA|
|Highest Salary||Rs. 18 LPA||Rs. 29.5 LPA||Rs. 12.1 LPA|
Bajaj Allianz General, Future Generali General, GoDigit, ICICI Lombard, IFFCO Tokio, Liberty General Insurance, Magma HDI, SBI General Insurance, Tata AIG, TATA AIA Life Insurance Company, HDFC Life, Marsh Insurance Brokers, Aditya Birla Insurance Brokers, Aon India Insurance Brokers, Unilight Insurance & Reinsurance Brokers, Anant Rathi Insurance Brokers, Finsall Resources, Swiss Re, CARE Health Insurance Company, Manipal Cigna Health Insurance, Atos Syntel, C2L BIZ, Solutions, Cognizant Technologies, L&T Infotech, RMS, SE2 India, Wurth IT, Orient PSJC Insurance, Qatar Insurance, Accenture Strategy and Consulting, Reliance Industries Limited
This institute is idle for students who wish to pursue their career in the Insurance sector. The brand name is enough to justify the quality of students. Placement is not an issue as the intake is under control and the recruiter list seems attractive.