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Insurance Academy, [IA] Mumbai

Insurance Academy, [IA] Mumbai Details

About Insurance Academy, [IA] Mumbai

National Insurance Academy (NIA) is a premier institution devoted to equip the insurance industry with the best of talents. Its close association with the Insurance industry provides the 'real life' reference to its training, education, research and consultancy activities.

NIA was established in 1980 jointly by the Ministry of Finance - Government of India, Life Insurance Corporation of India, General Insurance Corporation of India, The New India Assurance Company, National Insurance Company, United India Insurance Company and The Oriental Insurance Company on 16th December, 1980 in Mumbai to be the institute of excellence in learning and research in Insurance, Pension and allied areas. The Academy was shifted to Pune on 4th June, 1990 with the state-of-the-art facilities for learning and research.

Initial years of NIA were dedicated to Management Development Programmes catering to the insurance industry professionals to enhance the management skills and domain expertise. Later, the two year Post Graduate Diploma in Management course was initiated to fulfill the growing demand of skilled professionals in Insurance and Risk Management. The programme offers dual expertise in management and Insurance.

The Academy has a sprawling (approximately 32 acres) campus housing the administrative, academic, hostel and residential facilities amidst lush greenery. The campus is self sufficient with a Bank, Post Office, Dispensary, Sports, Gymnasium and Swimming Pool facilities.

Vision Statement

"NIA to be a global institution of excellence in learning and research in Insurance, Pension and allied areas."

Mission Statement
  •  To build capacities in the management of Insurance, Pension and allied sectors.


  •  To create a stream of young talent for the Insurance, Pension and allied sectors.


  •  To provide strategic approaches in the Management of Insurance, Pension and allied sectors.


  •  To undertake and create an ambience for policy research in Insurance, Pension and allied sectors.


  •  To promote learning: education and training in Insurance, Pension and allied sectors.

Why to join the Insurance Academy?

  • Accreditation from the esteemed LOMA and IGIE The Insurance Academy in Maharashtra has received full accreditation from LOMA which an international organization associated with about 1250 insurance and finance related companies worldwide. It is the 25th company globally accredited by the Institute for Global Insurance and Education. Along with this it has sought affiliation with CPCU, CII and Canadian Institute of Insurance.

  • Association with Afro-Euro Organizations The Insurance Academy also represents itself as an associate member of the Federation of the Afro-Asian Insurers and Reinsurers. Infact it has joined hands with the Leeds City College in the United Kingdom for conducting exchange programs for the students as well as the faculty.



The campus of the Academy is located on a 32 acre picturesque location at Balewadi  on the outskirts of Pune City. It is at a distance of 12 Kms. from Pune railway station and 17 Kms from Pune Airport.  The campus has modern residential facilities for faculty, research and support staff ,participants and students.


Class Rooms

There are separate lecture halls for Ist year and IInd year PGDM students with a seating capacity of 80 students. Both are well-equipped with a computer, cordless mike systems,

Companies Visited

  • Ador Welding Limited

  • Adani Group

The College encourages students by providing scholarships according to the norms of the Government and even provides financial aid.


Computer labs

Insurance Academy, [IA] Mumbai Courses and Fee Structure


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