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Here is what I researched about Jain University's MBA programme:
Pros:
1) Good placements as many companies come for campus placements.
2) Posh classrooms.
3) JGI ventures and their programs.
4) Mixed bag of crowd majorly rich and upper middle-class.
5) The brand name "Jain University" has decent reputation in corporate circles.
6) Good number of canteens and clean washrooms!
Cons:
1) "Costliest fees". Only Money minded. Everything is super costly here!
2) Leaving a very few, Majority of the staff are bad, Very young as they have just graduated, lack passion, Severe lack of knowledge and no real compassion to teach at all!
3) The management is really bad. They should first learn management instead of teaching us!
4) The Admin section is like a typical government office!
5) People here in every dept. act like they are doing us a charity by doing their work as they communicate really unprofessional and rude!
6) Not all facilities or programs promised during admission are provided. Everything is charged separately even after charging an exorbitant amount of fees! The brand name of Jain University is slowly fading and corporates are rapidly backing off!
7) Not an environment to learn with zeal. No motivation whatsoever is provided by the college. "99% of the people" who come here are either heavy rich with dad's money or people with no aim or ambition.
Finally, if you make complete use of the programs from JGI ventures, actively learn from the co-curricular activities, learn on your own / outside courses and just use college for a degree and nothing more? Then it's worthwhile. If not? It's worthless and complete waste of time and huge waste of money!

BBA is a generalized branch i.e Bachelor of Business Administration, whereas, BBA in banking and insurance is a specialized branch of BBA. The banking specialization may be suitable for students who see themselves entering careers in commercial or investment banking, or for students in other finance functions (e.g. corporate treasury) where banks are a primary provider of financial services, and other disciplines that support banking infrastructure.
And if you want to know the difference in subjects of both BBA and BBA in banking and insurance. You can visit the links of various universities to know more about the difference in course and syllabus.