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National Insurance Academy (NIA Pune): Highlights, Courses & Fees, Eligibility, Admission procedure and Placement

The National Insurance Academy (NIA Pune) is a premier institution located in Pune, India, that specializes in providing education, research, and training in the field of insurance and risk management. It was established by the Indian insurance industry in collaboration with the Ministry of Finance, Government of India. National Insurance Academy (NIA Pune) aims to develop professionals and leaders who can contribute to the growth and development of the insurance sector in the country.

The National Insurance Academy was founded in 1980 in response to the growing need for skilled professionals in the insurance sector. The Indian insurance industry was expanding rapidly, and there was a demand for qualified individuals who could understand the intricacies of insurance and risk management. The academy was conceived as a center of excellence to provide education, training, and research to meet this demand.

National Insurance Academy (NIA Pune) offers various academic programs related to insurance and risk management, including postgraduate, doctoral, and short-term courses. These programs are designed to provide a comprehensive understanding of insurance principles, practices, regulations, and emerging trends.The academy conducts research to contribute to the advancement of knowledge in the field of insurance and risk management. This research aims to address industry challenges, policy issues, and emerging risks.

National Insurance Academy (NIA Pune) provides training to professionals in the insurance industry, helping them enhance their skills, knowledge, and capabilities. This training contributes to the overall growth and professionalism of the insurance sector. The academy offers consultancy services to the insurance industry, helping companies develop effective strategies, risk management practices, and business solutions.

National Insurance Academy (NIA Pune) plays a role in promoting industry best practices and standards by training individuals to adhere to ethical and professional principles in insurance. The academy serves as a platform for networking and collaboration among insurance professionals, academics, researchers, and policymakers.

National Insurance Academy (NIA Pune) operated out of Mumbai until 1990, when it relocated to a stunning facility in Pune. The academy presently functions as an integrated management school with services for consulting, publications, research, training, and regulatory advice. The academy’s focus areas include developing insurance institutions, leadership for succession planning, life insurance, general insurance, reinsurance, health insurance, crop insurance, credit insurance, pensions, actuarial services, insurance investment, and market research for insurance companies. The previous Director, the late Dr. PS Palande, a retired commissioner from Pune, had already established the NIA’s reputation abroad. Later, in 1999, Kailash Chandra Mishra took over as the academy’s Director and led it until August 2009.

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National Insurance Academy (NIA Pune) Highlights

Establishment Year1980
Campus size32 Acres
Recognised byAICTE, NAAC
Number of courses offered2
Total faculty29+
Number of scholarships offered9 (Merit-based, Need based)
Scholarship amountRs 1 lakh
Popular recruitersInfosys, Policy Bazar, Accenture, Cognizant, SBI General, among others.
Highest salary offered (2021-23)INR 18 LPA
Average salary offered (2021-23)INR 12.50 LPA
Exams acceptedCAT and CMAT
National Insurance Academy (NIA Pune) Highlights

Course and fees

Post Graduate Diploma in Management (PGDM) Exam accepted- CMAT and CAT₹9.4 LGraduation
Online Diploma in Marine Cargo Insurance
₹17.7 K
Online Diploma in Fire Insurance₹9.4 LGraduation
Online Post Graduate Program in Actuarial Science₹2.4 LGraduation
Online Certificate Course in Proficiency in Crop Insurance₹4.7 KGraduation

Important dates

CAT exam

CAT Dates
CAT Notification ReleaseJuly 31, 2023 (tentative)
CAT 2023 Registration Opens1st Week of Aug, 2023 (tentative)
Registration Ends3rd Week of Sep, 2023 (tentative)
CAT Form CorrectionLast Week of Sep, 2023 (tentative)
CAT 2023 Admit Card ReleaseLast Week of Oct, 2023 (tentative)
CAT Mock Test Link Activation4th Week of Oct, 2023 (tentative)
CAT 2023 Exam DateNov 26, 2023 (tentative)
CAT 2023 Answer Key Release1st Week of Dec, 2023 (tentative)
Answer Key Challenge Process1st Week of Dec, 2023 (tentative)
CAt 2023 Result Declaration1st Week of Jan, 2023 (tentative)

CMAT exam

CMAT Dates
Last Date of Submision of Applications Fomrs OnlineMar 13, 2023 (Up to 5 PM)
Last Date for Payment of Application Fee Online Mar 13, 2023 (Up to 11.50 PM)
Correction Window (Online Only)Mar 14, 2023 – Mar 16, 2023

XAT exam

XAT Dates
XAT Registration10th August – 11th December 2022
XAT Admit Card20th December 2022
XAT Exam8th January 2023
XAT Answer Key Release17th January, 2023
XAT Result28th January 2023


Two years are required to complete the PGDM program at the National Insurance Academy. The program covers a broad spectrum of essential functional topics in Actuarial Science, Life Insurance, General Insurance, Health Insurance, Pension and Group Insurance.

National Insurance Academy (NIA Pune) PGDM Eligibility

  • The applicant must hold a Bachelor’s degree in any discipline from a recognized University with a minimum of 55% marks. 
  • Students who are enrolled in their final year may also apply, pending the release of their exam results.
  • Should have appeared for CAT or CMAT

The upper age restriction is 30 years for SC/ST/DA candidates and 28 years for general/OBC – NC candidates.

National Insurance Academy (NIA Pune) PGDM Selection Criteria

Selection to PGDM of NIA is based on the following criteria:

  • Past academic record
  • Performance in CAT or CMAT 
  • Pre-selection, group discussion, and personal interview performance, including WAT          

Admission Criteria

NIA PGDM Admission 2023: Qualifications
The following three key areas of the NIA Eligibility Criteria 2023 for PGDM Admission are: Academic Eligibility Criteria, Age Eligibility, and Acceptance of Entrance Exam. Let’s examine each in turn below.

Academic Requirements for National Insurance Academy (NIA Pune) Admission

Admission to the PGDM program at NIA Pune requires a three-year bachelor’s degree in any discipline, or its equivalent, with a minimum cumulative GPA of 50% that has been approved by the UGC or (AIU).

Candidates may also apply if they are taking their graduate degree test in their final year or semester in the academic year 2022–2023 and plan to finish the examination procedure by June 30 of that year.

Age Requirement for Admission at National Insurance Academy (NIA Pune)

As of July 1, 2023, the maximum age for NIA Pune PGDM admission is 30 years for SC/ST/DA applicants and 28 years for General/OBC applicants.
5.3 Qualification for NIA on MBA Entrance Exams

The applicant must show up for either the CAT 2022 or CMAT 2023 MBA entrance tests. How to Apply for 2023 Admission at NIA Pune? Application Process in Steps
The applicants must submit a separate application to NIA Pune in addition to taking one or more All India Management Entrance Exams like the CAT or CMAT. Online applications will be accepted by the institute.

Step by step Process for Applying for PGDM Admission

The Institute follows the AICTE criteria for its admission procedure. There is no application deadline. Interested parties may apply right away.

A student may apply online.

The cost of the application is Rs. 1500. You can pay the fee online.

On the application form, a scanned copy of the applicant’s most recent, clear passport-size photo should be uploaded.

Please be aware that students will not be given consideration for the selection process if the application form is not completed or the application fee is not paid.

Step-by-Step Admission Process for PGDM

A competitive entrance exam score, performance in the GD-PI, and other factors are required as part of the NIA Pune admission procedure for the PGDM program. The procedure for NIA Pune Admission 2023 entails the following steps:

Step 1: You must have taken one of the admission exams whose results are recognized by NIA Pune. Exam scores of CAT 2022 and CMAT 2023 are acceptable.
Step 2: Before the deadline, the applicant must submit an online application for NIA Pune admission 2023. Additionally, the application fee needs to be paid online.
Step 3: Complete and turn in the NIA Pune application for admission by the deadline.
Step 4: From among the qualified applicants who have submitted an application for the NIA Pune PGDM Admission 2023 and have a valid entrance exam score, candidates are selected for the Group Discussion & Personal Interview (PI) stage. Step 5: National Insurance Academy Pune extends admission offers to qualified candidates following the GD-PI stage. The ultimate decision is made based on a wide range of factors, including academic performance, admission exam performance, performance in the GD-PI round, and other factors.
Step 6: After assigning weightage scores to each component, the candidates will receive an admission offer from the National Insurance Academy Pune based on their final score.

Admission 2023 at National Insurance Academy (NIA Pune): GD-PI Centers

At the NIA Campus in Pune, the GD and PI will be held. However, NIA would hold the GD & PI in Delhi, Hyderabad, Bengaluru, and other significant cities in the case that these cities and/or neighboring regions received a significant number of applications.


Since its founding, the National Insurance Academy (NIA) in Pune has maintained a placement rate of 100 percent. It is hardly surprising that the institute, which is holding a placement drive for the PGDM 2021–23 class, already had a 100% placement rate on Day Zero of the drive. Numerous national and international businesses took part in the process.

The average CTC in the placement drive of 2023 increased by 21.31% to INR 12.5 LPA, and the highest CTC was INR 18 LPA.  There were 32 PPOs in total. Star Health & Allied Insurance, Se2 India, Bajaj Allianz General, Tata AIG General Insurance, and more were some of her previous employers.

Since its beginning, the NIA PGDM has had a 100% placement rate. National Insurance Academy (NIA Pune) and the insurance industry have a mutually beneficial partnership. The majority of insurance and reinsurance corporations, MNC brokers, catastrophe modeling firms, financial institutions, consultancies, and IT organizations hire students from NIA. In places like Dubai, Mauritius, Malaysia, London, Qatar, and others, our pupils have been deployed overseas.

Highest CTC : 18 LPA

Median CTC : 13 LPA

Average CTC : 12.50 LPA

Year-wise salary trends of NIA Pune Placements:

Highest CTCINR 29.5 LPAINR 29.5 PAINR 12.2 LPA
Average CTCINR 10.3 LPAINR 10.3 LPA7.6 LPA

Internship Placements 2023 Top Recruiters

Recruiters typeNames of the recruiters
General InsuranceAcko General Insurance Co Ltd, Digit Insurance, Bajaj Allianz General Insurance Co. Ltd, Future Generali India General Insurance Co Ltd etc
Life InsuranceSBI Life Insurance Company Ltd, Future Generali India Life Insurance Co Ltd
Insurance BrokersPrudent Insurance Brokers, Marsh India Insurance Brokers Pvt Ltd, Aditya Birla Insurance Brokers Ltd, Epoch Insurance Brokers Pvt Ltd etc
ReinsuranceMunich Reinsurance Company
Information TechnologyLarsen & Toubro Infotech, Metamorphosis Technologies Pvt Ltd, Wurth IT etc
Health InsuranceStar Health Allied Insurance, Aditya Birla Health Insurance, Care Health Insurance 
Premium FinancingFinsall Resources
OtherReliance Industries Ltd, Sentinel Pvt Ltd
Internship Placements 2023 Top Recruiters

Top Recruiters

Bajaj Allianz General Insurance Company, Future Generali General Insurance Company, Magma HDI, SBI General Insurance Company, Tata AIG General Insurance Company, Digit Insurance, HDFC ERGO General Insurance Company, Mahindra Insurance Brokers, Marsh Insurance Brokers, Aon India Insurance Brokers, CARE Health insurance company, Manipal Cigna Health Insurance, Accenture Tech, Intellect Design, Roadzen etc.


In 2023, National Insurance Academy (NIA Pune) MBA received an NIRF ranking of 101 out of 125 universities in India, up from 102 in 2022.

Stream2023 Ranking2022 Ranking
MBA#101 out of 125 in India 2023 #3rd in Pune #10 in Maharashtra#102 out of 125 in India 2022 #3rd in Pune #11 in Maharashtra


National Insurance Academy (NIA Pune) awards 9 scholarships worth Rs. 1 lac each to deserving students, girls, and eligible members of the designated groups, including those from economically disadvantaged areas. These scholarships are dependent upon achieving the necessary attendance, academic success, and good behavior requirements.

What should I wear to National Insurance Academy (NIA Pune)? Is there any specific uniform?

Dear aspiring, In terms of NIRF-rated colleges in Pune, the National Insurance Academy (NIA Pune), a private business school with AICTE approval, is ranked fourth in 2022.

How effective is National Insurance Academy (NIA Pune) at marketing? What about the positioning for marketing?

Although National Insurance Academy (NIA Pune) does provide students with excellent marketing opportunities, these are primarily limited to the insurance sector.

What employment opportunities are available to students at National Insurance Academy (NIA Pune)? Are there any firms hiring in the financial or IT sectors?

Brokering, underwriting, and other similar jobs in the insurance sector are included in the job profiles. Several IT businesses, including C2L, Cognizant, and Accenture, recruited students from the prior cohort.

May I know the CAT, XAT, and MAT cutoff scores for admission to National Insurance Academy (NIA Pune)?

Only the CAT and CMAT are accepted by National Insurance Academy (NIA Pune). The 2022 NIA CAT & CMAT cut off ranges from 75-82 & 90-95 percentiles, respectively. Your entrance is not guaranteed by the cutoff.

How is the National Insurance Academy (NIA Pune) doing? What does the insurance industry’s future hold?

The banking, insurance, and finance sectors are the focus of the MBA program offered by the National Insurance Academy. This industry is always growing. In India, there is a sizable market for insurance.