National Insurance Academy in Pune is an educational institution that strives to achieve excellence in insurance and management education. NIA was founded in 1980 by the Ministry of Finance, Government of India, and leading insurance companies such as LIC and GIC. Over time, NIA has grown to become a premier B-school in India. The academy offers a two-year full-time Post Graduate Diploma in Management (PGDM) with dual specializations in Insurance and Management streams like Finance, Marketing, HR, or IT. NIA Pune has a 100% placement record with a mean salary package of INR 12.30 LPA and a highest package of INR 22 LPA in 2024 placements.
The tuition fees of the PGDM program is INR 11 lakhs for two years NIA Pune also has diverse scholarships available to deserving students. The academy's focus on practice exposure and working with industry people makes it an ideal choice among students aspiring for insurance and risk management careers.
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NIA Pune Highlights 2025
Following is a table highlighting important facts and figures regarding NIA Pune:
Key Facts | Details |
Year of Establishment | 1980 |
Affiliations | Ministry of Finance (Government of India), LIC, GIC, Public Sector Insurance Companies |
Campus Size | 32 acres |
Programs Offered | Post Graduate Diploma in Management (PGDM) |
Accreditation | AICTE approved, MBA equivalent by AIU, Accredited by NBA |
Student Intake | 180 students per batch |
Faculty | Combination of academicians and industry practitioners |
Location | Pune, Maharashtra, India |
How to Reach |
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NIA Pune Fees Structure 2025
The fee structure of the PGDM program at NIA Pune is as follows:
Particulars | Fees (INR) |
Tuition Fees | 11,00,000 |
Hostel Fees | 3,05,000 |
Total Fees | 14,05,000 |
NIA Pune Courses 2025
NIA Pune provides a two-year full-time Post Graduate Diploma in Management (PGDM) program with an insurance and management specialization. The program is aimed at providing students with theoretical knowledge as well as practical skills relevant to the insurance sector.
A table hereunder shows the course, selection process, and qualification criteria:
Course | Selection Process | Eligibility Criteria |
PGDM | Scores in CAT 2024 / XAT 2025 / CMAT 2025; Performance in Group Discussion & Personal Interview; Academic record; Work experience | - Bachelor’s degree with at least 50% marks or equivalent CGPA- Valid scores in CAT 2024, XAT 2025, or CMAT 2025- Upper age limit: 28 years for General/EWS/OBC-NC candidates; 30 years for SC/ST/DA candidates as of July 1, 2025 |
NIA Pune Admission Process 2025
The admission process of the PGDM program at NIA Pune consists of a number of steps:
1. Application Submission: Applicants are required to complete and submit the online application form provided on the NIA website.
2. Entrance Exam Scores: The applicants must possess valid scores in any one of the following entrance exams:
- CAT 2024
- XAT 2025
- CMAT 2025
3. Shortlisting for GD & PI: Candidates are shortlisted for Group Discussion (GD) and Personal Interview (PI) based on the scores obtained in the entrance exam.
4. Group Discussion and Personal Interview: Shortlisted candidates undergo GD and PI, which evaluate their communication skills, subject matter knowledge, and aptitude for the program.
5. Final Shortlisting: Final shortlisting is done on a composite score that includes entrance test scores, academic record, GD & PI performance, and work experience (if applicable).
6. Admission Offer: Shortlisted candidates are offered admission, which they must confirm by paying the due admission fee within the specified time.
NIA Pune Important Dates 2025
Applicants need to follow the following key dates:
Event | Date |
Last Date to Apply | March 15, 2025 |
GD & PI Dates | To be announced |
Commencement of Program | June 2025 |
Note: The dates mentioned above are provisional and subject to alteration. Candidates should verify the official NIA website for updates.
NIA Pune Cut Off 2024
The cutoff percentiles for admission tests are as under:
Entrance Exam | Cutoff Percentile |
CAT 2024 | 75 |
XAT 2025 | 85 |
CMAT 2025 | 95 |
Note: Crossing the cutoff percentile is not a guarantee of selection, as final admission will be based on several factors, such as performance in GD & PI.
NIA Pune Placements 2024
Below are the placement statistics for the year 2024
Placement Parameter | Details |
Highest Package (INR LPA) | 22 |
Average Package (INR LPA) | 12.30 |
Median Package (INR LPA) | 11.70 |
Placement Percentage | 100% |
No. of Companies | 29 |
New Recruiters | 11 |
Top Recruiters | Bajaj Allianz Life Insurance, Future Generali Life Insurance, Oriental Insurance Company, Qatar Insurance Company, Happiest Minds Technologies Inc |
NIA Pune College Rankings
NIA Pune has also been awarded as one of the best management colleges in the country and abroad. The below table shows its current rankings:
Ranking Authority | Year | Rank |
NIRF
(Management) | 2023 | 101-125 |
NIA Pune Vs IIM Ahmedabad Vs MDI Gurgaon
To give a balanced view, below is a comparison of NIA Pune with other top management institutes:
College | Campus Size (Acres) | Fees (INR) | Average Placement (INR LPA) | Batch Size |
NIA Pune | 32 | 11,00,000 | 12.30 | 180 |
IIM Ahmedabad | 102 | 25,00,000 | 26.13 | 385 |
MDI Gurgaon | 37 | 8,95,000 | 23.15 | 240 |
NIA Pune FAQ’s
What is the deadline for applying for NIA Pune's PGDM program in 2025?
The deadline for applying is March 15, 2025.
Does NIA Pune offer hostel facilities?
Yes, NIA Pune provides hostel facilities with up-to-date amenities, as per merit.
What are the fees for the PGDM program at NIA Pune?
The total fee for the PGDM program is INR 14,05,000, which includes tuition fee, and hostel fee.
What is the average placement offer at NIA Pune?
The median placement package for the 2024 batch stood at INR 12.30 LPA.
Are there any scholarships offered to students at NIA Pune?
Yes 9 scholarships of 1 lakh each are offered by NIA Pune to meritorious and worthy students.
How is the selection done for NIA Pune PGDM program?
The final choice is based on valid scores in CAT 2024, XAT 2025, or CMAT 2025, topped by Group Discussion and Personal Interview.
