Content Curator | Updated on - Mar 27, 2026

The Master of Business Administration (MBA) in Insurance & Risk Management is a prestigious 2-year full-time postgraduate program offered by the School of Insurance Studies at National Law University, Jodhpur. The program spans four semesters and is designed to equip students with comprehensive knowledge of insurance principles, risk management, and contemporary business practices. With a total fee of 4,40,000 for non-residential students and 5,64,400 for residential students, the program offers 40 seats annually. The curriculum integrates core insurance subjects with advanced management disciplines, preparing students for dynamic careers in the evolving insurance sector. The program does not require a specific entrance exam; admission is based on merit (70% weightage on graduation percentage/CGPA), group discussion (15% weightage), and personal interview (15% weightage). The program is popular among graduates seeking specialized expertise in insurance and risk management, particularly given India's insurance sector transformation and the regulatory emphasis on consumer protection and digital innovation.

Admissions for the 2026-2028 batch are currently ongoing. The application deadline is May 30, 2026, with the final admission list to be published on June 12, 2026. Selected candidates must deposit fees by July 10, 2026, and classes commence on August 1, 2026.

KEY POINTS

Comprehensive curriculum covering foundational and advanced insurance subjects including Life, Health, Fire, Marine, Motor, Liability, Cyber, and Aviation Insurance
Integration of core management disciplines including Finance, Marketing, Human Resources, Analytics, and Strategic Management
Exemption of 190 credit points from Insurance Institute of India (III) examinations, facilitating pursuit of Licentiate, Associateship, and Fellowship qualifications
Structured internships with leading insurance companies and broking firms providing hands-on industry exposure
Industry-oriented pedagogy including case studies, simulations, projects, presentations, industrial visits, and risk inspections
Faculty drawn from both academic and industry backgrounds with expertise in insurance and management disciplines

Official Link:

Go To Website

Highlights
Fees
Admission
Scholarships
Placements
FAQs

NLU Jodhpur Latest Updates and News

12 Feb, 2026 NLU Jodhpur Fee structure 2026 has been released for MBA Insurance & Risk Management. The total academic fee is ₹ 5.63 Lakhs.

12 Feb, 2026 NLU Jodhpur MBA Insurance & Risk Management Admission 2026 is open. The last date to apply is May 30, 2026. Apply Now!

NLU Jodhpur Important Events

MBA (IRM)3

NLU Jodhpur MBA (Insurance & Risk Management) Fees

The MBA Insurance & Risk Management program at NLU Jodhpur offers flexible fee structures for both residential and non-residential students. The total program fee includes tuition fees, admission fees, examination fees, library fees, and other charges. Residential students additionally pay for hostel accommodation and mess charges. The fee structure is designed to be transparent with clear breakdowns for each semester, allowing students to plan their finances accordingly.

Fee Breakdown by Semester

Fee Component	Non-Residential	Residential
Tuition Fee (Per Semester)	80,000	80,000
Other Fees - Library, Examination (Per Semester)	22,500	22,500
Halls of Residence Fee (Per Semester)	-	15,500
Mess Charges (Per Semester)	-	15,600

Total Program Fees

Particulars	Amount
Application Fee (One-time)	1,000
Admission Fee (One-time)	12,000
Refundable Security (One-time)	17,000
Semester I	132,500 (Non-Residential) / 163,600 (Residential)
Semester II	102,500 (Non-Residential) / 133,600 (Residential)
Semester III	102,500 (Non-Residential) / 133,600 (Residential)
Semester IV	102,500 (Non-Residential) / 133,600 (Residential)
Total Fees for Course	440,000 (Non-Residential) / 564,400 (Residential)

Hostel facility for students from outside Jodhpur is provided by the University subject to availability.
AC charges, if installed by the student, are applicable as decided by the University.
Fees are refundable as per University rules.
The University reserves the right to amend the fee structure if required.

Fee Structure As Per Official Website

Fee Structure

NLU Jodhpur MBA (Insurance & Risk Management) Admission 2026

The admission process for the MBA Insurance & Risk Management program is merit-based and transparent, designed to select candidates with strong academic backgrounds and genuine interest in the insurance sector. The University conducts group discussions and personal interviews to assess candidates' communication skills, analytical thinking, and suitability for the program. The selection process ensures a diverse cohort of students from various educational backgrounds.

Key Admission Dates

Event	Date
Application Deadline	May 30, 2026
Publication of Final Admission List	June 12, 2026
Last Date for Fee Submission	July 10, 2026
Commencement of Classes	August 1, 2026

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Applicants must hold a Bachelor's degree in any discipline from a recognized University with a minimum of 50% aggregate marks or equivalent CGPA
Applicants pursuing their final examination of Bachelor's degree are eligible to apply; they must submit marksheets up to the last year/semester passed and provide the final marksheet one month prior to the last teaching day of Semester I
A relaxation of 5% marks in minimum eligibility is provided to candidates belonging to SC/ST categories

Admission Process

Online application form submission through the University website (www.nlujodhpur.ac.in) with an application fee of 1,000
Upload of self-attested copies of 10th, 12th, and Graduation marksheets along with Domicile Certificate
Shortlisted candidates are called for Group Discussion and Personal Interview
Final merit list is prepared with weightage: Graduation percentage/CGPA (70%), Group Discussion (15%), Personal Interview (15%)
Appearance in both Group Discussion and Personal Interview is mandatory; non-appearance results in disqualification
Selected candidates must deposit fees by July 10, 2026; failure to do so results in loss of seat, which is then filled from the waiting list
Waiting list candidates, if offered admission, must deposit fees by July 30, 2026

NLU Jodhpur MBA (Insurance & Risk Management) Scholarships 2026

NLU Jodhpur offers multiple scholarship and financial assistance options to support deserving students in pursuing the MBA Insurance & Risk Management program. These scholarships are designed to make quality education accessible to students from diverse socioeconomic backgrounds and to recognize academic excellence. The University collaborates with various organizations and foundations to provide comprehensive financial support.

Available Scholarships

Scholarship Name	Eligibility	Coverage	Application Details
Aditya Birla Scholarship	Top 15-20 CLAT-ranked students across NLUs	Entire tuition fee	Merit-based, automatic consideration
Kotak Kenya Scholarship	Girl students with >75% in board exams and household income <15 lakh per annum	Tuition fee support	Need and merit-based
IDIA Scholarship	Economically and socially disadvantaged students	Tuition fees, hostel fees, and other expenses	Comprehensive financial support
Merit-cum-Means Scholarship	Outstanding students with financial need	Partial to complete tuition fee coverage	Merit and need-based
Government Scholarships	SC/ST/OBC/EWS category students	As per government norms	Category-based, as per government guidelines

Educational loans are easily accessible through the on-campus branch of the State Bank of India and other recognized banks due to the University's prestigious status.
The University also facilitates scholarship applications through various memorial scholarship programs.
Students are encouraged to contact the admission office at 0291-2577530, 2577080, or 9636644237 for detailed information on scholarship availability and application procedures.
Scholarship amounts and eligibility criteria may be updated annually; students should verify current details with the University.

NLU Jodhpur MBA (Insurance & Risk Management) Placement 2026

The MBA Insurance & Risk Management program has established a strong placement record with consistent industry engagement and recruitment from leading insurance companies, broking firms, and financial institutions. The program's curriculum alignment with industry requirements and the School's sustained relationships with insurance sector employers ensure meaningful career opportunities for graduates.

Placement Statistics

Metric	Details
Average Salary Package	4-5 LPA
Placement Rate	95-100% in recent batches
Primary Recruiters	Insurance companies, Broking firms, Risk management consultancies
Career Roles	Underwriting Manager, Claims Analyst, Product Development Specialist, Risk Manager, Surveyor
Industry Sectors	Life Insurance, General Insurance, Health Insurance, Reinsurance, Risk Management

The placement process begins during the final semester, with recruiters visiting the campus to conduct interviews. Graduates are well-positioned for roles in underwriting, claims management, product development, risk assessment, and financial advisory positions across domestic and international insurance organizations. The School's strong alumni network with 20 batches of students already established in the insurance industry provides valuable mentorship and networking opportunities.

NLU Jodhpur MBA (Insurance & Risk Management) FAQs

Ques. What is the difference between the MBA Insurance & Risk Management program at NLU Jodhpur and other MBA programs?

Ans. The MBA Insurance & Risk Management at NLU Jodhpur is uniquely positioned as a specialized program combining legal and business perspectives on insurance. Unlike general MBA programs, it offers exemption of 190 credit points from Insurance Institute of India examinations, industry-oriented curriculum with insurance-specific subjects, and faculty expertise from both legal and insurance domains. The program is designed specifically for the insurance sector's evolving needs and regulatory landscape.

Ques. Is there a specific entrance exam required for admission to the MBA Insurance program?

Ans. No, there is no specific entrance exam like CAT or CMAT required. Admission is based on merit (70% weightage on graduation percentage/CGPA), group discussion (15% weightage), and personal interview (15% weightage). This approach allows the University to assess candidates holistically beyond just exam performance, focusing on their communication skills and genuine interest in insurance.

Ques. What are the career prospects after completing the MBA Insurance & Risk Management program?

Ans. Graduates can pursue careers as Underwriting Managers, Claims Analysts, Product Development Specialists, Risk Managers, Surveyors, and Financial Advisors in insurance companies, broking firms, and risk management consultancies. The program's alignment with industry requirements and strong alumni network in the insurance sector provides excellent career opportunities. Average salary packages range from 4-5 LPA with placement rates of 95-100% in recent batches.

Ques. Can I pursue Insurance Institute of India (III) examinations after completing this MBA program?

Ans. Yes, the program provides exemption of 190 credit points from III examinations, which significantly reduces the number of papers you need to appear for. This facilitates your pursuit of Licentiate, Associateship, and Fellowship qualifications from the Insurance Institute of India, enhancing your professional credentials and career advancement opportunities.

Ques. What is the hostel facility like, and is it mandatory for all students?

Ans. Hostel facility is provided to students from outside Jodhpur subject to availability. It is not mandatory; students can opt for hostel accommodation or arrange their own accommodation. Residential students pay additional hostel fees (15,500 per semester) and mess charges (15,600 per semester). The University ensures safe and comfortable living conditions with separate hostels for boys and girls.

Ques. How does the program balance theoretical knowledge with practical industry exposure?

Ans. The program employs a multidisciplinary pedagogy including lectures, case studies, simulations, projects, presentations, industrial visits, and risk inspections. Additionally, students undertake structured internships with leading insurance companies and broking firms, providing hands-on experience. Faculty members are drawn from both academic and industry backgrounds, ensuring practical relevance of the curriculum and real-world applicability of concepts learned.