The Nationwide Insurance coverage Academy was initially established in Mumbai in 1980 by the general public sector insurance coverage firms – the Normal Insurance coverage Company of India, the New India Assurance Firm, the Oriental Insurance coverage Firm, the Nationwide Insurance coverage Firm, The United India Insurance coverage Firm and the Life Insurance coverage Company of India on the initiative of the Ministry of Finance, Authorities of India. The aim was to supply the executives of insurance coverage firms in India the technical abilities required to satisfy the rising demand of the necessity for all strains of insurance coverage.
The Academy moved to the luxurious inexperienced, sprawling 32 acres campus in Balewadi, Pune in 1990.
Put up Graduate Diploma in Administration (PGDM)
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The opening of the insurance coverage trade to non-public and worldwide insurance coverage firms within the yr 2000 noticed the demand for technically certified executives with wealthy area data. This led to the beginning of the Put up Graduate Diploma in Administration course in 2010 with the popularity of the AICTE with an consumption of 120 college students.
The PGDM program has been accredited by the Nationwide Board of Accreditation (NBA). This system has additionally been acknowledged as equivalence to MBA course by the Affiliation of the Indian Universities (AIU).
The PGDM program carried out by the Academy is a singular program that mixes the administration topics with the understanding of the area data of the completely different strains of insurance coverage enterprise. The curriculum combines conceptual inputs with trade practices very properly and makes the scholars trade prepared from day one. This provides the scholars larger employment alternatives in management positions in insurance coverage, know-how and different BFSI firms. It additionally supplies them nice entrepreneurial alternatives in varied areas together with startup ecosystem. The curriculum of the course additionally supplies the scholars the flexibility to efficiently qualify within the examinations of the Insurance coverage Institute of India (III), Chartered Insurance coverage Institute (CII), UK, the actuarial papers of the Institute of Actuaries, India and the American Institute for Chartered Property and Casualty Underwriters (AICPU).
The Academy attracts massive variety of insurance coverage professionals from the private and non-private sector insurance coverage firms in India and likewise from abroad insurance coverage firms. The presence of those executives who’re wealthy in area data and a few years of working expertise provides an unparalleled alternative to the PGDM college students to work together with them.
The Academy has shut hyperlinks with the insurance coverage and allied industries in India and overseas. Regardless of the disruptions attributable to the pandemic the Academy may meet the calls for of the insurance coverage firms and the insurance coverage area data associated firms. The scholars of 2020-22 batch noticed 100% placements, like in all earlier years, however the disruptions. The position gives for the batch noticed a highest CTC of Rs 29.50 lakh.
The alumni of NIA haven’t solely gained acclaim in India, but in addition overseas, for his or her management acumen and their resilience to face up to all disruptions and transfer quickly within the company ladder.
To know extra about Nationwide Insurance coverage Academy, Go to: www.niapune.org.in