Content Curator | Updated on - Mar 31, 2026

The MBA in Risk and Insurance at Banaras Hindu University (BHU) is a 2-year full-time postgraduate programme offered under the Faculty of Commerce (FoC), BHU, Varanasi. Spread across 4 semesters, the programme is designed to equip students with specialised knowledge in risk management, insurance principles, actuarial concepts, financial risk, corporate risk management, and insurance operations. With a total seat intake of 40 seats and a total course fee of approximately Rs. 1,06,000 (tuition) for two years, it is one of the most affordable MBA (Risk and Insurance) programmes from a reputed central university in India. Admission is based on CUET-PG scores followed by Group Discussion (GD) and Personal Interview (PI). The programme is popular among students aspiring to careers in insurance companies, banks, NBFCs, risk consulting firms, and government financial institutions.

Admissions for the 2026-28 batch are based on CUET-PG 2026. The CUET-PG 2026 exam was conducted from March 6 to March 27, 2026, and results are expected on May 6, 2026. BHU CUET-PG counselling is expected to begin in May-June 2026, with the first merit list expected in June 2026 and the batch commencing in July-August 2026.

Key Points

The MBA (Risk and Insurance) programme at BHU is one of the few specialised risk and insurance management programmes offered by a central university in India, making it a unique and niche qualification.
The programme is offered under the Faculty of Commerce (FoC), BHU, which is distinct from the IMS/FMS BHU that offers MBA (General) and MBA-IB.
The curriculum covers risk identification, risk assessment, insurance underwriting, claims management, reinsurance, actuarial science basics, and corporate risk management.
Key recruiters for this programme include insurance companies such as IFFCO-TOKIO, Sriram General Insurance, ICICI Bank, and other BFSI sector companies.
With only 40 seats, the programme is highly selective and offers a focused learning environment.
Paid seats are available for candidates who do not qualify through the regular CUET-PG merit list, at a higher fee of Rs. 1,50,000 per annum.

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BHU Latest Updates and News

08 Apr, 2026 CUET PG 2026 Exams have concluded successfully. The response sheet & answer key will be released soon @exams.nta.nic.in.

BHU MBA (Risk and Insurance) Fees

The MBA (Risk and Insurance) programme at BHU FoC is highly affordable compared to private risk and insurance management programmes. The total tuition fee for the 2-year programme is Rs. 1,06,000 (Rs. 26,500 per semester). The total fee including other charges is approximately Rs. 1,26,000. Hostel accommodation is available at nominal charges.

Fee Structure

Fee Component	Amount (INR)
Tuition Fee (per semester)	26,500
Tuition Fee (per year)	53,000
Tuition Fee (2 Years)	1,06,000
Other Charges (2 Years, approx.)	20,000
Total Fees (2 Years, Regular Seat)	1,26,000
Paid Seat Fee (per year)	1,50,000
Hostel Fee (per year, approx.)	5,375 (Male)
Total Fees (without Hostel)	1,26,000

Hostel fee is not mandatory and is charged separately. Male hostel is approximately Rs. 5,375 per year; female hostel charges may vary.
Mess charges are payable separately (approximately Rs. 2,000 - 2,500 per month).
Fees are uniform across all categories (General, OBC, SC, ST, EWS) for regular seats.
Paid seats are available at Rs. 1,50,000 per annum for candidates who do not qualify through the regular merit list.
A refundable caution deposit is included in the fee structure.
The fee structure shown is for the 2026-27 batch; the 2026-27 fee may be revised.

BHU MBA (Risk and Insurance) Admission 2026

Admissions to the MBA (Risk and Insurance) programme at BHU FoC are based on CUET-PG scores (paper code: COQP11), followed by Group Discussion and Personal Interview conducted by BHU. For the 2026-28 batch, the CUET-PG 2026 exam was conducted from March 6 to March 27, 2026. Results are expected on May 6, 2026, following which BHU will conduct its own counselling and GD-PI process. Candidates must register separately on the BHU admission portal for counselling after the CUET-PG result is declared.

Important Dates

Event	Date
CUET-PG 2026 Registration	December 14, 2025 - January 25, 2026
CUET-PG 2026 Admit Card	March 3, 2026
CUET-PG 2026 Exam	March 6 - March 27, 2026
CUET-PG 2026 Result	May 6, 2026 (Tentative)
BHU CUET-PG Counselling Registration	May 2026 (Tentative)
GD-PI Round	May-June 2026 (Tentative)
1st Merit List	June 2026 (Tentative)
Batch Commencement	July-August 2026 (Tentative)

Event	Date
CUET-PG 2026 Registration Start	December 14, 2025
CUET-PG 2026 Registration End	January 25, 2026
CUET-PG 2026 Admit Card	March 3, 2026
CUET-PG 2026 Exam	March 6 - March 27, 2026
CUET-PG 2026 Result	May 6, 2026 (Tentative)

Note: CUET-PG (paper code COQP11 - Management) is the accepted entrance exam for MBA (Risk and Insurance) at BHU FoC. Candidates must also appear for GD-PI conducted by BHU after CUET-PG result declaration.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Bachelor's degree in any discipline from a recognised university with a minimum of 50% aggregate marks (General/OBC/EWS category).
SC/ST/PwD candidates require a minimum of 45% aggregate marks in the qualifying examination.
Candidates appearing in the final year of their qualifying examination are also eligible to apply provisionally.

Admission Process

Register for CUET-PG 2026 on the NTA portal (exams.nta.nic.in/cuet-pg/) and appear for the CUET-PG exam (paper code: COQP11).
After CUET-PG result declaration, register for BHU CUET-PG counselling on the BHU admission portal (admission.bhu.ac.in).
Pay the BHU counselling registration fee as per the official notification.
Attend GD and PI rounds conducted by BHU Faculty of Commerce.
Final selection is based on CUET-PG score + GD-PI performance.
Accept the allotted seat and pay the admission fee to confirm the seat.
Reservation: SC 15%, ST 7.5%, OBC-NCL 27%, EWS 10%, PwD 5%.
Paid seats are available for candidates who do not qualify through the regular merit list.

BHU: Students' Opinion

AI-Generated Summary based on 2 Reviews

The college provides a promising placement scenario, with the highest salary package reaching 12 LPA and an average package between 4 to 6 LPA. Around 80% of students find placements, becoming eligible after their third semester. Recruiters from various sectors such as finance and marketing, including companies like ICICI Bank, IFFCO-TOKIO, and Sriram General Insurance, frequently participate in recruitment drives. While internships offer valuable experience, students often need to find opportunities on their own due to limited institutional support.

Specific to BHU, students become placement-eligible in their second year, with about 56 out of 60 students typically securing jobs in fields like agriculture, dairy, marketing, and finance. The MBA program at BHU is cost-effective compared to other management colleges, though it lacks direct scholarship offerings, leaving students dependent on state scholarships. There are some concerns regarding the teaching quality and the effectiveness of the campus placement cell.

By Collegedunia’s Personal AI

BHU MBA (Risk and Insurance) Scholarships 2026

BHU and the government offer several scholarship options for MBA (Risk and Insurance) students. Given the already affordable fee structure, scholarships can significantly reduce or eliminate the cost of education. Students from Uttar Pradesh with a family income below Rs. 2,00,000 per annum can get full fee reimbursement through the UP Post-Matric Scholarship. The university also offers merit-based and need-based scholarships internally.

Scholarship Details

Scholarship	Eligibility	Amount / Benefit
BHU Merit Scholarship (Rank Holders)	1st and 2nd rank holders in university exams	Rs. 4,000 (1st rank) / Rs. 3,000 (2nd rank) one-time
BHU Scholarship for Economically Weak Students	Family income below Rs. 1 lakh per annum	Free meals (lunch + dinner) for 7 months; Rs. 2,000 annually
UP Post-Matric Scholarship	UP domicile students; family income below Rs. 2 lakh (General/OBC) or Rs. 2.5 lakh (SC/ST)	Full fee reimbursement + maintenance allowance (up to Rs. 50,000 for eligible students)
National Scholarship Portal (NSP)	SC/ST/OBC/Minority students with income below prescribed limit	As per central government norms
BHU "Earn While Learn" Programme	Financially needy students	Part-time work within the university campus for income support

Students already receiving any other scholarship are not eligible for BHU's internal scholarships simultaneously.
UP Scholarship applications are submitted online through the UP Scholarship portal (scholarship.up.gov.in) at the start of the academic year.
NSP scholarships are applied through the National Scholarship Portal (scholarships.gov.in).
Students with family income below Rs. 2,00,000 per annum may receive full fee reimbursement, effectively making the course free.

BHU MBA (Risk and Insurance) Placement 2026

Placement Statistics

Metric	Details
Placement Rate	approximately 56 out of 60 students (93%) from the MBA programmes at BHU FoC (including Risk and Insurance)
Highest Package	approximately Rs. 12 LPA
Average Package	approximately Rs. 4-6 LPA
Key Recruiters	IFFCO-TOKIO, Sriram General Insurance, ICICI Bank, and other BFSI sector companies
Placement Eligibility	Students become eligible for placements in their second year (third semester onwards)

BHU MBA Risk And Insurance Ranking

Collegedunia Ranking

#95 out of 370 in India 2025

#7th in Uttar Pradesh

NIRF Ranking

#60 out of 125 in India 2025

#6th in Uttar Pradesh

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BHU MBA (Risk and Insurance) FAQs

Ques. Is MBA (Risk and Insurance) from BHU a good course? What are the career prospects?

Ans. MBA (Risk and Insurance) from BHU is a niche and specialised programme that is one of the few such programmes offered by a central university in India. Graduates can pursue careers in insurance companies (life and general insurance), banks (risk management departments), NBFCs, risk consulting firms, and government financial institutions. Common job roles include Risk Manager, Insurance Underwriter, Claims Manager, Actuarial Analyst, Risk Consultant, and Insurance Sales Manager. Key recruiters include IFFCO-TOKIO, Sriram General Insurance, ICICI Bank, Axis Bank, and other BFSI sector companies. The highest package reported is approximately Rs. 12 LPA.

Ques. What is the CUET-PG paper code for MBA (Risk and Insurance) at BHU?

Ans. The CUET-PG paper code for MBA (Risk and Insurance) at BHU FoC is COQP11 (Management). This is the same paper code used for MBA (Financial Management) and MBA (Foreign Trade) at BHU FoC. Candidates must select this paper while registering for CUET-PG.

Ques. Is MBA (Risk and Insurance) at BHU recognised by IRDAI or any insurance regulatory body?

Ans. The MBA (Risk and Insurance) degree from BHU is awarded by Banaras Hindu University, a central university recognised by the UGC. While the degree itself is not specifically accredited by IRDAI (Insurance Regulatory and Development Authority of India), it is widely recognised in the insurance industry. Graduates may additionally pursue professional certifications from IRDAI, III (Insurance Institute of India), or actuarial bodies to enhance their credentials.

Ques. What is the difference between MBA (Risk and Insurance) and MBA (Financial Management) at BHU FoC?

Ans. Both programmes are offered by the Faculty of Commerce, BHU, with the same fee structure and admission process. MBA (Risk and Insurance) focuses specifically on risk management, insurance principles, underwriting, claims, and reinsurance, making it suitable for careers in the insurance and risk management sector. MBA (Financial Management) focuses on financial analysis, investment management, corporate finance, and banking, making it suitable for broader finance careers. The choice depends on the student's career interest.

Ques. Are there any professional certifications that complement MBA (Risk and Insurance) from BHU?

Ans. Yes, several professional certifications complement the MBA (Risk and Insurance) degree from BHU. These include: Associateship of the Insurance Institute of India (AIII), Fellowship of the Insurance Institute of India (FIII), Certified Risk Manager (CRM), Associate in Risk Management (ARM), and actuarial certifications from the Institute of Actuaries of India (IAI). These certifications, combined with the BHU degree, significantly enhance career prospects in the insurance and risk management sector.

Ques. How many students get placed from MBA (Risk and Insurance) at BHU? What is the average package?

Ans. Based on available data, approximately 56 out of 60 students (approximately 93%) from the MBA programmes at BHU FoC (including Risk and Insurance) are placed through campus placements each year. The highest package reported is approximately Rs. 12 LPA, with an average package of approximately Rs. 4-6 LPA. Key recruiters include IFFCO-TOKIO, Sriram General Insurance, ICICI Bank, and other BFSI sector companies. Students become eligible for placements in their second year (third semester onwards).

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Anonymous

3.6

MBA, Risk And Insurance

Reviewed on Jul 28, 2021(Enrolled 2020)

Prestigious University

Fees and Financial Aid:

As compared to other management institutes, the fee for an MBA at BHU is very less. But Proper teaching is not invested in student. So, the money is like wasted of the students. No scholarship is offered, the students avail the state scholarship. Campus placement cell also not working properly.

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Anonymous

4.2Helpful

MBA, Risk And Insurance

Reviewed on Apr 24, 2021(Enrolled 2018)

My college experience

Fees and Financial Aid:

Students are eligible in the second year for placement. For better placement, a placement team is formed which mainly focuses on how to get better placement for students. Out of 60 students, approx 56 students are placed every year. Many companies come from different sectors Agriculture, dairy, marketing, finance, and many more.

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