National Insurance Academy

National Insurance Academy

National Insurance Academy

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The National Insurance Academy (NIA Pune also known as NIA) is situated in Pune, India. It is a capacity builder in Insurance Sector of Asia and Africa founded in 1980 by the Finance Department of the Indian government with capital patronage from LIC and public sector general insurance industry. NIA started MBA education as a lateral diversification from 2004 with Dr K C Mishra as the founder director and Dr R K Parchure as MBA Coordinator, who was soon replaced by Dr S D Totade. After the tenure of Dr K C Mishra expired in the second half of 2009, the Academy had Dr. Prathap Oburai from IIM Ahamedabad as the new Director. During his stint here, Dr. Oburai had promised the students to elevate the academy to top 10 B-Schools of India with strong international collaborations. In April 2011, Dr. Vrajlal Sapovadia took over as the new Director of the Academy.

Now Mr G N Bajpai is the main guiding force of the academy with professors of international repute like Dr D B Phatak actively behind him. Though by rotation Mr M Ramadoss (New India CMD) has become the Chairman of NIA Governing Board, mostly the academy is controlled by LIC because of its size and the clout of its Chairman with the deputed faculty of the academy, who are responsible for all major revenue generating operations of the academy. A main source of income of the academy is arranged by IRDA in the form of Broker's training and examination programs.

Evolution of NIA

NIA was functioning from Mumbai until 1990...
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