NIA Pune is India’s one of the best business schools spread in the lush green sprawling campus of 32 acres. Under NIRF ranking, NIA Pune is placed under the rank-band of 76-100. NAAC has appropriated NIA with grade “A” in 2007 as an academic institution.

In 2004, it started PGDM education as a lateral diversification. The PGDM program by NIA is known for its dual specialization (Insurance + HR/Marketing/Finance/IT). It is one of the finest courses that provide specialized knowledge in Management and Insurance.

Admission to the PGDM course will be based on the marks secured in CAT/CMAT. The selection process will also include Group Discussion and Personal Interview. Relevant working experience will be an added advantage. 

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.

NIA Pune Quick Facts

  • NIA Pune apart from its dual specialization PGDM course is also known for Broker’s training and examination program with IRDA. The MDP programme of NIA Pune is meant for top executives of insurance companies.
  • NIA Pune is recognized by AICTE and AIU.
  • NIA Pune provides only full-time education programmes through PGDM and PhD courses.
  • The qualifying exam for PGDM is CAT or CMAT. For admission in admission courses entrance exams are conducted by the institute. However, those candidates who have cleared JRF are not required to sit in the entrance examination for PhD courses. They will be directly called for GD/PI.
  • NIA Pune also provides 9 scholarships of 1 lakh each to meritorious students belonging to different categories. PSUs like General Insurance Corporations also provide scholarships to eligible students.
  • The academy has evolved into a unified management school with not only training and education but also with the publication, research, regulatory advisory services and consultancy.

Read More: NIA Pune Admission

NIA Pune Important Dates

Event Dates
PGDM Application Starts  November 01, 2024
CAT Dates
CAT 2023 Registration  August 02, 2023 - September 20, 2023
CAT 2023 Admit Card Release October 25, 2023
CAT 2023 Exam  26 November 2023 
CMAT Dates
Last Date of Submision of Applications Fomrs Online Mar 13, 2024 (Tentative)
Last Date for Payment of Application Fee Online  Mar 13, 2023 (Tentative)
Correction Window (Online Only) Mar 14, 2023 – Mar 16, 2023 (Tentative)
XAT Dates
XAT 2024 Registration July 15, 2023 – November 30, 2023
XAT 2024 Admit Card December 20, 2023
XAT 2024 Exam January 07, 2024

NIA Pune Awards and Ranking

  • NIA received B-school excellence award by Bloomberg/UTV
  • NIA also received the “CSR Excellence in Education Award”.
  • It also received the “CSR Top Institute of India Award.”
  • NIA Pune is placed under a rank band of 76-100 under the NIRF ranking.

NIA Pune Courses and Fees

Courses Specialization Eligibility
PGDM Management Graduation degree from any recognized university with a minimum 50% for General Category and 45% for SC/ST/DA category
Post Graduate Program Actuarial Science Graduation with 50% marks 
Certification Risk Management Graduation from a recognized university
Proficiency in Crop Insurance Passed 10th examination

Note: The selection criteria for PGDM course includes CAT/CMAT 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:

Step 1: Visit the Official Website of the Institute (www.niapune.org.in)

Step 2: Register with a valid username and Email ID and log in with your account

Step 3: Fill the application form for the course you want to join.

Step 4: Upload your photograph and other required documents.

Step 5: Pay the application fee of Rs1260. Different modes of payment are available.

Step 6: Shortlisted candidates will be called for further process (GD/PI)

Step 7: Once selected, candidates are required to pay the course fee to confirm their seat.

Read More: NIA Pune Review

NIA Pune Cutoff

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 90.225

NIA Pune Placements

NIA Pune placements 2023 recorded a 100% placement. A total of 98 students and among them 40 students already received PPOs through their internships. There was a 21.31% Increase in the NIA Pune average CTC which stood at INR 12.5 LPA and the NIA Pune highest CTC stood at INR 18 LPA. Around 54 students were placed with a package above INR 12.5 LPA and the highest number of offers were made by Bajaj Allianz Life Insurance Co. Ltd.

Some of the top recruiters included Tata AIG General Insurance, Bajaj Allianz General Insurance, Mahindra Insurance Brokers Ltd., Policybazaar Insurance Brokers Pvt. Ltd., etc.

Placement 2023 highlights are as follows:

Particulars Placements statistics (2021-23)
Recruiters 17
Students Placed 98
No. of PPOs 40
Placement percentage 100%
Highest CTC INR 18 LPA
Average CTC INR 12.5 LPA
Median CTC INR 13 LPA
Increase in average package 21.31%
Top recruiters Tata AIG General Insurance, Bajaj Allianz General Insurance, Mahindra Insurance Brokers Ltd., Policybazaar Insurance Brokers Pvt. Ltd., etc.

Top Companies at NIA Pune

Reliance General Insurance Aditya Birla Insurance Brokers SBI Life Insurance Company Tata AIG General Insurance
IFFCO Tokio General Insurance Swiss Reinsurance Company Limited Edelweiss Gallagher Brokers Bajaj Allianz
Howden Insurance Brokers Star Health and Allied Insurance Exide Life ICICI Lombard

Read More: NIA Pune Placements

NIA Pune Scholarships

The institute endeavours to help deserving candidates from different categories in pursuing management studies.

  1. A total of 9 scholarships of 1 lakh each are provided by NIA to meritorious students including girls students and students belonging to economically weaker sections.
  2. General Insurance Corporation of India sponsors 5 scholarships to the students to the extent of the 50% of the course fee per student.
  3. The scholarships are meant for the meritorious students belonging to the lower income category.

Read More: NIA Pune cutoff 

NIA Pune Facilities

Library: Libraries are important cornerstones for any college. It is a place where students visit to fill the gap in their knowledge. Library in NIA is one of the finest libraries in India which cater to the needs of its students. It holds knowledge resources related to Management, Insurance, and Allied Subjects. E-Resources includes E-journals, E-books, and Full-text (aggregated) databases. Stacking of research publication is another valuable addition to the library.

Sports and Recreation: NIA, since its inception, believes in all-round development of students, and thus has undertaken many initiatives to provide a conducive environment to their students for their development. The NIA Pune campus is well equipped with sports facilities that are fitting testament to the high standard set. The state-of-the-art sporting facilities range from a full size cricket ground, football ground, and new sports complex that houses badminton courts and gymnasium. There is also an equipment park that includes static biking, swinging, and rocking.

Hostel Facilities: Hostel facilities are available for only a limited number of students. However, students can easily find affordable accommodation outside the campus if they failed to get the accommodation on the campus itself. Necessary relief in fees is given to such non-resident students. The campus is provided on a priority basis in the following manner:

  • First preference is given to all girl students
  • The second preference is given to students belonging to SC/ST/DA and other backward classes.
  • The remaining students are given preferences on the basis of the merit list.

Read More: NIA Pune Faculty

NIA Pune FAQs

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.

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 29.5 LPA with an average package of 10.3 LPA.