What is the scope in Insurance Sector?
Asked about National Insurance Academy- NIA - Post Graduate Diploma in Management (PGDM)
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2 Answers
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Scope in insurance is very bright but it may take time, say 5-6 years. It's still untapped sector in India and has a huge potential for growth.
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Potential for career development in the insurance sector is the most vibrant topic today. More than millions of people are working today as an employee in the Insurance sector and 5 Million plus persons are associated with this sector as Agents, Consultants, Surveyors, Loss Assessors, Underwriters, Claim Settlers, Salvage Dealers, Brokers, etc etc.
The growth rate in the Insurance Sector has been more than 20% in the last 3 years. There is huge potential for development in the Insurance sector. Insurance Services are the foundation for the smooth functioning of all business & commercial activities. Insurance is the backbone of the overa
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National Insurance Academy offers a two-year full-time PGDM course. Candidates must complete graduation with at least 50% aggregate to apply for PGDM. Admission to the PGDM course is based on CAT, XAT or CMAT scores of the aspirants.
There are a total of 180 seats for PGDM at National Insurance Academy. Below is the category-wise seat reservation:
| Category | Quota Percentage | No. of Seats |
|---|---|---|
| Open | 50.50% | 91 |
| NC-OBC | 27% | 49 |
| SC | 15% | 27 |
| ST | 7.50% | 13 |
National Insurance Academy has specified upper age limit for PGDM. Candidates belonging to General, EWS, OBC-NC category must be 28 years old or below. The age limit for SC/ ST/ PwD candidates is 30 years as on July 1, 2026.
National Insurance Academy admissions are open. Candidates can apply till Mar 15, 2026 for admission. Aspirants must apply before the deadline to avoid rejection. Admissions at National Insurance Academy are entrance-based.
National Insurance Academy provides a scholarship of INR 1 Lacs each to meritorious, girl students and eligible students. Those belonging to the EWS category can also apply.
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