Admission in National Insurance Academy 2024: Cutoff, Eligibility

The National Insurance Academy has been functioning since 1980. It is located in Pune, Maharashtra. NIA, Pune, is one of the popular management institutes that AICTE and AIU have approved. The institute has also secured rankings from NIRF for its MBA excellence.

The only program offered by the institute in the management field is PGDM. It is similar to the MBA course outcome. The course focuses on the major understanding of Insurance, Pension, and Allied areas. The admission process can be done online after meeting the specified eligibility and selection criteria.

National Insurance Academy Courses offered

The courses offered at NIA Pune are called PGDM at the PG level. It is a 2-year course in management studies. The candidates must meet the necessary eligibility and selection criteria. The mode of application is through online form by visiting the main institute website.

The basic eligibility for PGDM admissions is to be a graduate in a relevant field with a min of 50%. They must be certified by a recognized University. For the selection criteria, they must have valid scores from any of the entrance exams like CAT/ XAT/ CMAT, etc. National Insurance Academy fees for PGDM are INR 11 lakhs for the entire course. 

National Insurance Academy Cut-off scores

Based on the selection process, students must have secured minimum valid cut-off scores in national-level entrance exams. The accepted entrance exams are CAT/ CMAT/ XAT, etc. The table below states the accepted cut-off percentage by NIA, Pune.

Here are factors that decide the admission selection along with the weightage.

National Insurance Academy Syllabus

The PGDM program at NIA, Pune, will be for 2 years. The program will happen in the trimester method. Therefore, it has a total of 6 trimesters. PGDM subject specializations can be selected in the second year. Below are the major topics listed under each trimester.   

1 Trimester

Insurance

• Laws and Regulations Governing Insurance
• Fire Insurance
• Fundamentals of Life and General Insurance

Management

• Fundamentals of Services Marketing
• Quantitative Techniques
• Interpersonal and Group Processes
• Financial Accounting and Reporting
• Managerial Economics-1

2 Trimester

Insurance

• Health Insurance
• Life Insurance Products and Underwriting
• Motor Insurance

Management

• Strategic Management
• Financial Management
• Legal Aspects of Business
• Optimization of Techniques
• Digital Technologies for Insurance Business Management
• Organization Design, Processes and Change

3 Trimester

Insurance

• Marine Cargo Insurance
• Reinsurance
• Insurance Distribution Management
• Engineering Insurance
• Liability Insurance

Management

• Managerial Economics-2
• Marketing Strategies
• Data Analytics For Insurance
• Business Research Methods

4 Trimester

Insurance

• Miscellaneous Insurance
• Actuarial Aspects of Life Insurance
• Actuarial Aspects of General Insurance
• Insurance Investment Management
• Annuities and Pensions
• Insurance Accounting
• Agriculture and Rural Insurance

Electives: (Choose any 2)

• Advanced Reinsurance-General Insurance
• Advanced Life Insurance Underwriting- Life Insurance
• Advanced Insurance Claims Management- General Insurance
• Life Insurance Claims- Life Insurance

Management Electives (Any 1)

• Consumer Behaviour (Marketing)
• Project Finance (Finance)
• Performance Management and Measurement (HR)
• R for Insurance Data Science (IT)

5 Trimester

Insurance

• International Practices in Insurance
• Marine hull, Aviation, Oli and Energy Insurance

Elective (Any 2)

• Advanced Health Insurance
• Development of Life Insurance Products
• Advanced Property Insurance
• Group and Micro Insurance Management

Management

• Disaster and Sustainability Management
• Enterprise Risk Management

Electives (any 1)

• Sales and Distribution Management (Marketing)
• Financial Derivatives Management (Finance)
• Leadership and Change Management (HR)
• Python for AI in Insurance (IT)

6 Trimester

Management

• Business Ethics
• Entrepreneurship and Innovation
• Environmental, Social and Governance (ESG)

Electives: (Choose any 1)

• Business 2 Business Marketing (Marketing)
• Behavioural Finance (Finance)
• Organization Development (HR)
• Cyber: Risk, Liability and Insurance Management (IT)

National Insurance Academy Admission process

The admission procedure for the PGDM program at NIA will consider online application forms. It is applicable only to those who have met the given eligibility criteria. However, the application process is hassle-free. The basic steps are given below:

• The first step for the students is to visit the NIA's Pune official website.
• Register using a valid email ID & contact num of the applicants.
• Next, a login ID will be generated, and using that ID, students must fill in the form.   
• They must enter all the necessary docs in the specified format.
• In the end, they must attach a photo and signature in scanned format.
• Lastly, pay the application fee of INR 1000. Net banking/ card, UPI, etc, can do the payment.
• Once the candidates are shortlisted based on the form, they will be called for GD and PI rounds.

The college will give Final Confirmation based on the performance of the interview rounds.