Overview, features & quick facts
National Insurance Academy (NIA), Baner, Pune, established in 1980, is a premier institution dedicated to insurance and risk management education. The institute offers a two-year full-time PGDM with a focus on Insurance and Risk Management. The program is AICTE approved, NBA accredited, and has MBA equivalence from the Association of Indian Universities (AIU). NIA is known for its 100% placement record, strong industry connections with insurance companies, and average package of INR 12.85 LPA.
Key Features
1980
Established
2+
Programs
2+
Streams
1+
Exams Accepted
What stands out about this college
Established in 1980
AICTE Approved PGDM Program
NBA Accredited
1 program with fee details
Fee Structure
Academic year 2026
| # | Course / Program | Duration | Total Fees | Apply |
|---|---|---|---|---|
| 1 |
Step-by-step guide to apply
Step 1: Appear in CAT/MAT/XAT/CMAT/GMAT examination
Step 2: Register on NIA admission portal with exam scores
Step 3: Shortlisting based on entrance exam scores and academic profile
Reasons students pick this college
Specialized PGDM program in Insurance and Risk Management with AICTE approval and NBA accreditation.
Financial aid & fee waivers available
Fee waiver for students with strong academic performance in qualifying exams
Quick facts to help you evaluate this campus
2+
Active courses listed
Across Management, Commerce
1+
Accepted / considered
Common Admission Test
Facilities available on campus
Separate hostels for boys and girls with modern amenities
High-speed internet connectivity throughout the campus
Keep these ready before applying
The 32-acre NIA campus in Baner, Pune, offers modern academic infrastructure with smart classrooms, specialized insurance labs, library, hostels, sports facilities, swimming pool, gymnasium, and comprehensive student support services.
MBA Equivalence by AIU
100% Placement Record
Average Package: INR 12.85 LPA (2025)
Highest Package: INR 20 LPA (2025)
Total PGDM Fees: INR 11 Lakhs
Application Fee: INR 1,500
Specialization in Insurance and Risk Management
32-Acre Sprawling Campus
Top Recruiters: LIC, ICICI Lombard, HDFC Ergo, Bajaj Allianz
Located in Baner, Pune
NIA Baner is a premier institution dedicated to insurance and risk management education, known for its 100% placement record and 32-acre campus.
PGDM (Insurance and Risk Management)
Full program fee
| 2 Years |
INR 11 Lakhs (Total) / 4 Equal Installments |
Fees may vary by specialization and academic year. Confirm with the college before applying.
The total program fee for the two-year PGDM at NIA is INR 11,00,000, payable in 4 equal installments. This includes tuition fee, professional and incidental expenses towards the conduct of the program. Scholarships are available for meritorious students. Education loans are available from leading banks. Refer to the official website for current fee details and complete breakdown.
Step 4: Group Discussion (GD) for shortlisted candidates
Step 5: Personal Interview (PI) with faculty panel
Step 6: Final selection based on composite score
Step 7: Offer acceptance and fee payment
Step 8: Document verification and admission confirmation
Admissions at NIA are based on entrance exam scores (CAT/MAT/XAT/CMAT/GMAT), academic performance, group discussion, and personal interview. The selection process is designed to identify candidates with strong analytical and insurance aptitude. Final selection is based on composite score, followed by document verification and fee payment.
Consistently achieving 100% placement with average package of INR 12.85 LPA and highest package of INR 20 LPA.
PGDM program has MBA equivalence from the Association of Indian Universities (AIU).
Strong ties with insurance companies for internships, projects, and placements.
32-acre campus with modern infrastructure and comprehensive facilities.
Qualified and experienced faculty with strong insurance and risk management backgrounds.
Up to 75% fee waiver based on family income
50% fee waiver for national level athletes
Monthly stipend for research scholars
1980
Year established
8 campus highlights listed on this page
24/7 security and on-campus medical facilities
Gym and sports facilities for students
Library with books and digital resources
Hygienic cafeteria with diverse food options
Candidates must submit all original documents along with self-attested photocopies at the time of admission. Documents include Class 10 and 12 mark sheets, graduation mark sheets and degree, entrance exam scorecard (CAT/MAT/XAT/CMAT/GMAT), work experience certificate, transfer certificate, migration certificate, character certificate, passport size photographs, Aadhaar card, category certificate, and medical fitness certificate. All documents will be verified by the admission committee before final confirmation.
