Admission Procedure

Our Admission Procedure

MBA-INSURANCE

The SIS-NLU is a coveted School of higher learning in Insurance which awards Master Degree after putting in two years of rigorous studies. The Unique feature of this course is its integration of Insurance & Management Studies. This master Degree programme combines extremely researched course curriculum integrated with industry related concepts & practices which is constantly evolved, reviewed, refined & updated to keep in pace with the challenging requirements of the corporate sector.

MBA-INSURANCE

The post graduate programme is designed to lay emphasis on core management subjects such as finance and marketing integrated with various Insurance subjects. It is a two year programme fully residential program, which includes four to six weeks internship with Insurance companies (both life and non-life), Reinsurers and Intermediaries.

ADMISSION

ELIGIBILITY

1. ACADEMIC QUALIFICATION

   1.MBA (INSURANCE)-TWO YEAR DEGREE PROGRAM

Candidate must have

  1. Minimum 50% marks in Class 10th and 12th
  2. Bachelor’s degree in any discipline from a recognized university with at least 50% aggregate marks or equivalent CGPA.

 

  1. PGDM ((INSURANCE RISK MANAGEMENT)-ONE YEAR PROGRAM

 

Candidate must have: –

  1. Minimum 50% marks in Class 10th and 12th .
  2. Bachelor’s Degree in Engineering – B.E./B.Tech. in Mechanical, Electrical, Civil, Chemical and allied Engineering Streams (excluding Electronics and Tele Communication, Computer Science and Information Technology) from a recognized university with at least 50% aggregate marks or equivalent CGPA.

2. QUALIFYING TEST

The candidate must have appeared in CAT or MAT or CMAT and scored minimum-

50 percentile in case of CAT

160 total score in case of CMAT

400 composite score in case of MAT

Candidates perusing final examination of their Bachelor’s degree are eligible to apply but on selection they shall be given provisional admission subject to the following conditions:

i. Such candidates must have secured at least 50% aggregate marks or equivalent CGPA in pre- final examination with passing back paper(s), if any in previous semesters / years.

ii. ) Candidates graduating by 30 June 2022 can also apply but they must prove their eligibility the by 30 september, 2022 but not beyond 15th October, 2022. Those not submitting their eligibility certificate by these mentioned dates will be disqualified/deregistered irrespective of their having joined the program provisionally. University reserves the to right to deny the
request of the student.

iii. Mid-Term examination result of such candidates shall not be declared.

iv. If condition No’s. (i) and (ii) referred above in this paragraph are not fulfilled, the provisional admission shall stand automatically cancelled and the University shall have no obligation to give any notice before such cancellation.

SELECTION CRITERIA

Admission shall be based on merit determined by calculating the following weightage:

1. 50% for marks obtained in Graduation / in pre-final examination in case of candidates perusing final examination of their Bachelor’s degree.

2. 50% for Qualifying Test on following scale:

CAT (Percentile)

CMAT (TotalScore)

MAT(Composite Score)

Weightage on 50

50 and above up to 55 160and aboveupto 200 400 and above up to480

10

Above 55 up to 60 Above 200 upto240 480 and above up to 560

20

Above 60 up to 65 Above 240 up to 280 560 and aboveupto 640

30

Above up 65 up to 75 Above 280 up to 320 640 and above up to 720

40

Above 75 Above 320 Above 720

50

Selection Criteria Explained.

Candidate Graduation Qualifying Test Total out of

100 (A+B

Rank
% Weightage on 50 (A) Test &Score Weightage on 50 (B)

A

70%

35

CAT 57 percentile

20

55

4

B

72%

36

CMAT 300 score

40

76

1

C

68%

34

MAT 700 score

40

74

2

D

80%

40

MAT 620score

30

70

3

MAXIMUM SEATS:

 

  • MBA(Insurance) up to 20
  • PGDM(IRM) up to 20.

RESERVATION

Seats are reserved as under:

i. For candidates belonging to SC and ST categories: 15% and 7.5% respectively.

ii. For Specially Abled Person (SAP):5%.

COMPLETION OF ADMISSION PROCESS

Application may be submitted from the date of Web Notification. Last date for receiving applications shall be 15th June 2022.First ranking list shall be published by 20th June 2022 with waiting list of five candidates in each program. Selected candidates in both programs shall be required to deposit the fees by 25th June 2022 which shall be last day for admission. If any candidate from the main list does not deposit fees by 25th June 2022, then he/she will lose the opportunity of being admitted, thereafter and the vacant seat shall be filled from the waiting list. The candidates from waiting list, if given an opportunity, will have to deposit the fees by 30th June 2022. The admission process will be completed by 30th June, 2022.

Nature of Program >>

Fully Residential

Duration >>

MBA INSURANCE- 2 YEAR (IV SEMESTER)

POST GRADUATE DIPILOMA IN INSURANCE (RISK MANAGEMENT)-1 YEAR (2 SEMESTER)

Course Material – MBA Insurance 2 Year Programme

This program perfectly synchronize management and insurance in theory and practice. This program is integrated with subjects such management, finance, and marketing etc.

SEMESTER-I

SEMESTER-II

SEMESTER-III

SEMESTER-IV

Principles and Practice of General Insurance Advance Information Technology & Management Information System Reinsurance Liability and Aviation Insurance

 

Principles and Practice of Life  Insurance Miscellaneous Insurance including cyber insurance Business Communication- II

 

 

Engineering, Petrochemical &  Energy Risk
Fire Insurance Business Ethics & Corporate Governance Health Insurance II Group Insurance & Pension
 Underwriting and Risk Management Health Insurance I Marine Insurance Agriculture & Crop  Insurance
Insurance Regulations Life Insurance Insurance Mathematics & Quantitative Techniques  Servicing & Marketing Channels of Insurance Industry
Law of Contract & Insurance Laws Principles of Management Actuarial Aspects of Insurance Products Statistics for Managers
Economics for Insurance

 

Business Communication- I

 

 

Principles of Marketing HRM&

Organisational Behaviour

Motor Insurance Digital Marketing & Brand Management Insurance Accounting & Investments

Course II – Post Graduate Diploma in Insurance (Risk Management)- I Year Programme

Graduate Engineers have great opportunity in General Insurance Sector as their engineering background is most useful for the industry in term of underwriting of risk and risk inspections.

There is an ever increasing demand by insurance and allied services sector for engineers with insurance background. In view of this need an exclusive program in insurance studies has been introduced   for engineering graduates.

SEMESTER I SEMESTER II
Principles and Practice of General Insurance

 

Liability and Aviation Insurance
Fire Insurance

 

Engineering, Petrochemical & Energy Risk
Underwriting and pricing of insurance products

 

Risk Manager & Surveyor -Role and Responsibility
Insurance Regulations

 

Risk and Loss Control Measures
Law of Contract & Insurance Laws

 

Principles of Management
Motor Insurance

 

Business Communication
Marine Insurance

 

Business Ethics & Corporate Governance
Reinsurance

 

Industrial Visits
TEACHING METHODOLOGY >>

The teaching methodology practiced here is a successful synthesis of practical training, market research and exhaustive study of underlying principles of management that instils in students an attitude of righteous pragmatism and professionalism.

FOCUS AREA >>

The School of Insurance Studies employs a comprehensive array of academic tools such as lectures, case studies, industrial visits, role plays, project studies and simulations to facilitate effective learning. A varied methodology is adopted to create a demanding and dynamic learning environment..

Research is at the core of management studies at the National Law University, Jodhpur and provides a major interface with the wider academic and business world. Groundbreaking interdisciplinary research by the faculty and the students, feeds directly into an enhanced learning environment at the University and indirectly to a wider audience of practicing managers and teachers of management. Students are given intellectual freedom to decide the nature of the research to be conducted viz. interdisciplinary research or discipline specific research, while the faculty ably guides them in their endeavour.

EVALUATION SCHEME >>

The learning here is persistently evaluated through continuous assessments that include regular tests, mid and end term examinations, term papers, assignments, project presentations and class room discussions.

FEE-STRUCTURE:- MBA Insurance ( 2 Year)
Particulars

Fees

Period

Admission Fee

Rs. 12,000/-

One Time

Semester Fee/Tuition Fee

Rs. 60,000/-

Per Semester

School of Insurance Fee

Rs. 27,500/-

Per Semester

Other Fee

Rs. 30,000/-

Per Semester

Refundable Security

Rs. 17,000/-

One Time

Total Fee for I Semester Student

Rs. 1,46,500/-

Total Fee for II Semester Student)

Rs. 1,17,500/-

Total Fee for III Semester Student

Rs 1,17,500/-

Total Fee for IV Semester Student

Rs 1,17,500/-

Total Rs.  4,99,000/- (Four Lakh Ninety Nine Thousand only)

 

Fees Structure : Post Graduate Diploma in Insurance (Risk Management) 

Particulars Fee (Semester I) Fee (Semester II)
Admission Fee

 

Rs 12,000  NIL
Tuition Fee

 

Rs 60,000 Rs 60,000
School of Insurance Fee

 

Rs 27,500 Rs 27,5000
Other Fee

 

Rs 30,000 Rs 30,000
Refundable Fee

 

Rs 17,000 NIL
Rs 1,46,500 Rs 1,17,500
 

Total Fee: Rs 2,64,000 (Two lac Sixty four thousand  Only)

 

Note:

1. The University reserves the right to revise the fees/ charges.

2. In case of withdrawal of admission from any course, on any grounds, only refundable deposits will be considered.