Hello Uotians, 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 2020.
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 from NIA website
- Group Discussion & Personal Interview
- Merit List
Healthy cut-off for application
- CMAT Cut off – 85%ile
- CAT Cut off- 70%ile
*The last date to apply to apply is 15th march 2020
NIA Pune Fees
The fees for the course of 2 years is Rs. 12,50,000 (includes accommodation)
NIA Pune gives 9 scholarships of Rs. 1,00,000 each.
NIA Pune Intake
The maximum intake for 2020-2022 batch is expected to be 80 seats
NIA Pune Placement Statistics
Highest Package – Rs. 12.1 LPA
Average package – Rs. 8.4 LPA
BAGIC, ICICI Lombard, IRICS, SUD Life Insurance, UIB Brokers, ITI Reinsurance, Royal Sundaram, IFFCO Tokio, TATA Aig, C2L Biz. Solutions, Intellect Design, Marsh, Syntel, Mahindra Brokers, Global Insurance Brokers, Infintus, L & T Infotech, Accenture, Syntel, IBM, SBI Life, SBI General Insurance, Religare Health Insurance Co. and others, ABIBL, Howden, Alliance Brokers, Cognizant.
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 very less i.e. less than 100.