NATIONAL INSURANCE ACADEMY, Pune Callgetters

[nblueblaze]

hello seniors!!

went thru nia website...though a new n quite unknown often ignored one but i ve made up mind to apply to it considering its superb infrastructure and fair placements..i wud b grateful 2 u nia seniors if u kindly answer a few queries of mine--

1. how good is actually d nia-mba program? is it a specialised program or d specialization is insurance??

2.i saw al d placements r in insurance sector..so does dat mean dat a passout frm nia can never b able 2 join a fmcg/it sector?

3.if u r asked 2 compare nia wid bimtech and itm-mumbai in terms of (a)program acceptablity in industry, (b) placements wat wud b ur verdict?? <plz ans dis ques in detail and b unbiased in ur analysis >>

4.how is d satisfaction level among d engineers @ nia??

thanks in advance!!!

<<any number of replies frm any nia senior r welcome >>

[guddu_4u]

Originally Posted by nblueblaze

hello seniors!!

went thru nia website...though a new n quite unknown often ignored one but i ve made up mind to apply to it considering its superb infrastructure and fair placements..i wud b grateful 2 u nia seniors if u kindly answer a few queries of mine--

1. how good is actually d nia-mba program? is it a specialised program or d specialization is insurance??

2.i saw al d placements r in insurance sector..so does dat mean dat a passout frm nia can never b able 2 join a fmcg/it sector?

3.if u r asked 2 compare nia wid bimtech and itm-mumbai in terms of (a)program acceptablity in industry, (b) placements wat wud b ur verdict?? <plz ans dis ques in detail and b unbiased in ur analysis >>

4.how is d satisfaction level among d engineers @ nia??

thanks in advance!!!

<<any number of replies frm any nia senior r welcome >>

hiii dude

[guddu_4u]

Originally Posted by nblueblaze

hello seniors!!

went thru nia website...though a new n quite unknown often ignored one but i ve made up mind to apply to it considering its superb infrastructure and fair placements..i wud b grateful 2 u nia seniors if u kindly answer a few queries of mine--

1. how good is actually d nia-mba program? is it a specialised program or d specialization is insurance??

2.i saw al d placements r in insurance sector..so does dat mean dat a passout frm nia can never b able 2 join a fmcg/it sector?

3.if u r asked 2 compare nia wid bimtech and itm-mumbai in terms of (a)program acceptablity in industry, (b) placements wat wud b ur verdict?? <plz ans dis ques in detail and b unbiased in ur analysis >>

4.how is d satisfaction level among d engineers @ nia??

thanks in advance!!!

<<any number of replies frm any nia senior r welcome >>

hi dude i m not d NIA senior but i m d person who was selected in NIA previous year but didn`t go there. infrasture wise institute is ok, but in term of course it is not upto mark, coz even finance is specialised course and insurance is d part of finance. second all d major private player in insurance is getting huge loss due 2 long gestation period, so no body right now can afford to go 4 MBA in insurance. previous year cutt-off was 60 percentile. so if u r expecting more then 80 percentile then plz---------. if u have more queries then u can mail me coz i don`t want 2 hurt NIA people even mine 2 frend r studying in NIA. mine peracentile in CAT was 89.64 percentile previous year.

[UKTUOP]

Hello boss
So u r thinking of applying to NIA's MBA programe...before i giv answers to your queries...let me clear one thing of Mr.Guddu Insurance is the second fastest growing sector in India,it takes 5 to 7 years for an insurance company to break even (now most of them hav completed 5 years, so they will break even in a year or two)

Second thing if insurance is so loss making why there will companies lined up to come into insurance sector Bharti(Airtel)-AXA (world leading insurance company already entered)PUNJAB National Bank, IDBI, Allahabad Bank, Pantaloon, Fortis, Bank of baroda...these r some of the name who r waiting to enter Insurance industry.

As far as placements is concerned ya it will not make sense for a pass out from NIA-SoM to join a FMCG but YES Insurance and IT goes hand in hand.allmost all IT compant has insurance solutions part in there office....Last year one of our senior got placement in Pentasoft (malaysia)this year we expect more IT and Financial companies to come for placements UTI AMC took few students for summer training.the list will grow this year. There is big scope for engineers in Insurance, the new batch hav more engineers then the previous batches

Infra wise we r among the best all across India but infra is the secondary thing what matters is placements and what you learn in 2 years. NIA has been there from last 26 years. It has been called as Jewel in the crown of Indian insurance industry by Lloyd's of London...
Please dont compare NIA with any other b-school bcoz it has its own identity.....u can check out some more details in this weblink

http://en.wikipedia.org/wiki/National_Insurance_Academy_School_of_Management

U hav got time in ur hand then confirm the details and if possible try to visit NIA (if u r cuming down to Pune)and yes BEST OF LUCK for CAT....DO well

[guddu_4u]

Originally Posted by UKTUOP

Hello boss
So u r thinking of applying to NIA's MBA programe...before i giv answers to your queries...let me clear one thing of Mr.Guddu Insurance is the second fastest growing sector in India,it takes 5 to 7 years for an insurance company to break even (now most of them hav completed 5 years, so they will break even in a year or two)

Second thing if insurance is so loss making why there will companies lined up to come into insurance sector Bharti(Airtel)-AXA (world leading insurance company already entered)PUNJAB National Bank, IDBI, Allahabad Bank, Pantaloon, Fortis, Bank of baroda...these r some of the name who r waiting to enter Insurance industry.

As far as placements is concerned ya it will not make sense for a pass out from NIA-SoM to join a FMCG but YES Insurance and IT goes hand in hand.allmost all IT compant has insurance solutions part in there office....Last year one of our senior got placement in Pentasoft (malaysia)this year we expect more IT and Financial companies to come for placements UTI AMC took few students for summer training.the list will grow this year. There is big scope for engineers in Insurance, the new batch hav more engineers then the previous batches

Infra wise we r among the best all across India but infra is the secondary thing what matters is placements and what you learn in 2 years. NIA has been there from last 26 years. It has been called as Jewel in the crown of Indian insurance industry by Lloyd's of London...
Please dont compare NIA with any other b-school bcoz it has its own identity.....u can check out some more details in this weblink

http://en.wikipedia.org/wiki/National_Insurance_Academy_School_of_Management

U hav got time in ur hand then confirm the details and if possible try to visit NIA (if u r cuming down to Pune)and yes BEST OF LUCK for CAT....DO well

hi frend my intention was not 2 hurt u. what i said it was totally mine perception . i can be wrong on any topic. and see again i m saying infra and faculty wise this inst. is superb.

[deepakraja]

Kidnapping and ransom insurance, is the buzz word in insurance industry. It started with the initiative taken By NIA SoM MBA students. This news in making headlines in all the newspapers and news channels across the country.
Below is the article which appeared in Maharastra Herald today.



City students give kidnapping business spin


PUNE: Five management students from the National Insurance Academy (NIA) in Balewadi have undertaken a unique project  they are designing an insurance policy to cover kidnapping and ransom. Expectedly, they have chosen Bihar for their case study.
They were supposed to take up a project as per their curriculum, and this fresh idea came from two members of the group who are incidentally natives of Bihar, a state notorious for sensational kidnappings.
The policy is called ‘A Kidnap and Ransom Insurance Plan’. The group comprises Shashwat Deep, Ashwini Karandikar, Jayasuryan V C, Sharath Kumar and Yashaswi.
“The idea was readily accepted as all of us wanted to do something different. Ultimately, two of us went to Bihar and collected data on kidnapping and rate of detection from the police. Besides that, we also got video clips from the media,” said Shaswat.
“Such polices exist in some foreign countries. We are now going to analyse the data to draw the terms and conditions of the policy. Some of the important factors are how would insurance companies get information about a kidnapping to judge its authenticity and how a client can claim the amount if a police complaint is not filed,” he added. The students have decided to study the existing policies in foreign countries. The benefits and limitations of such a policy would have to be considered especially in a country like India, the students said.
“We are carrying out research purely as an academic venture. It will be submitted to the academy. We hope the research would lead to the creation of a kidnapping and ransom insurance lab in the academy to help future students,” a group member said.
The students said that such a policy would become popular in India. The police have also said that such a policy would be of great relief to those under constant threat.
However, the police have some misgivings. Many officials are of the view that it might lead to many bogus kidnapping claims. Police Inspector Bhanupratap Barge, who heads the Anti Extortion Cell of the city police said, “The project is appreciable. But if there are loopholes in the terms, false kidnappings might rise. If the victim has an insurance against kidnapping, the police will have to verify the genuineness of the case.” The kidnapping insurance has gained popularity in the US, many Latin American countries and the Gulf, as kidnapping is a common crime there.
In many countries, employees of international organisations are attractive targets as the jobs are high profile and the lure of perceived wealth of the organisations is irresistible. Meanwhile, NIA director Dr K C Mishra praised the students for working on such an ambitious project.

[dixy_underwear]

hi friends i got this piece of information for all those interested in joining national insurance academy's scholl of management's mba programme. its the info related to the placements of our first batch . for more info do contact any of us.



Mumbai: It’s raining jobs at the National Insurance Academy in Pune. Earlier this month, when the first batch of 31 MBA students graduated from NIA, they were lapped up by recruiters four weeks ahead of placement week. The reason? The MBA students were armed with a new specialisation: insurance. Dogged by an acute shortage of talent in the industry, insurance and IT firms with insurance verticals simply grabbed everyone in sight. So much so that every student now has at least two job offers to choose from.
Reliance General Insurance, now a part of Anil Dhirubhai Ambani Enterprises, has made offers to 11 students, while other players like SBI Life, and Marsh Inc, an insurance broking firm, have made offers to four students each. Bajaj Allianz too has hired, but the exact number of offers could not be confirmed. International brokerage firms like Willis and Pioneer have also joined the bandwagon.
Among IT majors, L&T Infotech has selected students for their insurance vertical. TCS is expected to make a call too, but it isn’t clear whether they would find too many students left to pick from. ADAE’s interest in the students follows the expansion plans it has in store for their insurance business. It has earmarked Rs 200 crore for the business and recently entered the life insurance industry as well by acquiring a stake in AMP Sanmar.
However, since almost every student has received more than one offer, the institute has given students time till December 31, 2005 to take a final decision. In order to ensure that only the best offers come through, the minimum salary cut off was pegged at Rs 3.5 lakh. The highest salary offered —Rs six lakh per annum—was made by SAS India, which offers business solutions for the insurance industry.
“Since the entire batch of students were picked so quickly, even before we began the placement week, it shows the demand for talent in the industry,’’ says K C Mishra, director, NIA. The academy’s second batch has 59 students and 23 among them have already received summer placement offers for the next year.
Mishra has also signed a joint venture agreement with the Insurance Institute of America and American Institute for Chartered Property and Casualty Underwriters to become the online testing site in India. Given the impending move towards detariffing, it is estimated that there will be a shortage of 50,000 underwriters by 2007. With prohibitively high costs for underwriting training and lack of experienced faculty, the number of professionally qualified underwriters is relatively low.
The first batch has 94 students and the plan has been sent to the IRDA. “It is a major thrust area for the regulator and the industry,” says Mishra.

[UKTUOP]

Below is the news which appeared on Saturday 11th November in Times Of India Mumbai edition page no. 24about NIA SoM PLACEMENTS.
You can check the details.

Insurance MBAs make hay in talent scramble

Arti Sharma | TNN

Mumbai: The insurance sector seems to be the hottest place to find jobs. Or so it would seem. Given the acute shortage of talented people in the industry, for the second year in a row, the MBA students specialising in insurance at the Pune-based National Insurance Academy have been inundated with job offers.
Out of the batch of 60 students this year, 58 asked to be placed and have received 81 day zero offers. So far Reliance General Insurance, owned by the Anil Dhirubhai Ambani Group, has made the maximum number of offers to 12 students.
This in a scenario where it’s not just insurance companies looking for insurance talent but also IT companies that are gunning to hire for their insurance vertical business. Although India has a total of 30 odd companies in the life and general insurance sector, it still faces tremendous shortage of skilled workers. Compare this to the fact that countries like Malaysia have over 70 insurance companies. India too, is witnessing a host of new players waiting in the wings to start operations.
Meanwhile, with just 58 students specialising in insurance MBA’s NIA has the upper hand. Wipro, the IT major, has picked up 9 graduates for it’s insurance vertical while Cognizant has made an offer to 6 students. Other players like ICICI Prudential have picked up 8, broking firm Marsh & Mclennan 6. Insurance companies, both life and non-life, while growing at a rapid pace are unable to meet the demand for skilled talent. Companies are not only looking for agents but also management level people to run the business. Training and skills are becoming are key concern for companies as they grapple with this issue.

Last year too, NIA students—a batch of 30—had multiple offers from companies weeks before placement week. In fact, Reliance General had picked up 11 students last year as well. “We’ve been swamped with offers so much so we are allowing students two days time to make up their mind and confirm their placements to the institute and the companies,’’ says Dr K C Mishra, director, NIA.
This year has also seen an increase in the average salaries offered to students. Compared to last year’s average of Rs 3.5 lakh annually, students have received offers above Rs 5.5 lakh this year. Although the institute is yet to compile the data, it is believed that some firms have offered stock options to the tune of Rs 4 lakh in addition to the fixed salary. Also, some students have received offers between Rs 10-14 lakh per annum.

[sarika_sen]

hey people i just happen to read tht article which appeared in Times of India, Mumbai.... i just wanted to kno tht i hav done engineering from NIT and my branch was Comp.science.... so wat r my chances of geting a job in an IT firm after doing MBA from NIA, I m giving CAT this year and I want to come in financial field with a focus in IT so I M thinking of filling NIA's form.
Few of my frends r there in top notch B-schools IN India and they said tht Cogni and Wipro pay same salary in tht colleges too as they pay in NIA.
So sud i go for it.
Waiting 4 a good advice

[dixy_underwear]

Originally Posted by sarika_sen

hey people i just happen to read tht article which appeared in Times of India, Mumbai.... i just wanted to kno tht i hav done engineering from NIT and my branch was Comp.science.... so wat r my chances of geting a job in an IT firm after doing MBA from NIA, I m giving CAT this year and I want to come in financial field with a focus in IT so I M thinking of filling NIA's form.
Few of my frends r there in top notch B-schools IN India and they said tht Cogni and Wipro pay same salary in tht colleges too as they pay in NIA.
So sud i go for it.
Waiting 4 a good advice

you have excellent chances of getting a good job in any IT firm after doing mba from here , all top notch IT companies came here for placements like wipro , cognizant , tcs , l&t infotech and they do prefer engineers and ya its true they paid same salary as they pay in other big b-schools , after all nia will be very soon joining that bandwagon.
for any further details do contact any of us.