The Insurance Institute of India (III) has released an official advertisement for the recruitment of Faculty Members (General Insurance) for its College of Insurance. Applications are invited from experienced professionals in the insurance sector for contractual and permanent positions at Kolkata and Mumbai locations.
Eligible candidates aged between 55 to 62 years (for contractual posts) and 35 to 55 years (for permanent Assistant Professor post) can apply as per the prescribed format before the closing date.
Insurance Institute of India Faculty Recruitment 2026
www.indgovtjobs.in
| 🏢 Organization | Insurance Institute of India (III) |
|---|---|
| 💼 Post Name | Faculty Members (General Insurance) |
| 📍 Job Locations | Kolkata & Mumbai |
| 📊 Total Posts | 04 Posts |
| 🎯 Age Limit | 35 – 62 Years |
| 📝 Selection Process | Shortlisting + Interview |
| ⏰ Last Date | 31 January 2026 (06:00 PM) |
✅ Post-wise Vacancy Details
| Post Name | Location | Nature | Vacancies |
|---|---|---|---|
| Faculty (General Insurance) | Kolkata | Contract | 01 |
| Faculty (General Insurance) | Mumbai | Contract | 01 |
| Faculty (General Insurance) | Mumbai | Contract | 01 |
| Assistant Professor (General Insurance) | Mumbai | Permanent | 01 |
✅ Age Limit
- Contractual Faculty: 55 to 62 Years (as on 31.12.2025)
- Assistant Professor: 35 to 55 Years (as on 31.12.2025)
✅ Eligibility Criteria – Contractual Faculty (Kolkata & Mumbai)
- Post-graduation in any discipline from a recognized university
- Associate/Fellowship of Insurance Institute of India or equivalent
- Minimum 15 years experience in General Insurance at managerial level
- Should have teaching aptitude and good academic record
- Retired DGM or above from PSU/GIC or equivalent private insurance companies
✅ Eligibility Criteria – Assistant Professor (Permanent, Mumbai)
- Master’s Degree with minimum 55% marks
- Ph.D. in Business Management or Social Science
- NET/SET qualified (or exempted as per UGC rules)
- Preference for Associate/Fellowship of Insurance Institute of India
- Experience in General Insurance or teaching in reputed institutes
✅ Monthly Salary
| Post | Salary | Tenure |
|---|---|---|
| Contractual Faculty | ₹1,50,000/- per month | 3 Years (renewable yearly) or till 65 years |
| Assistant Professor | As per UGC Pay Scale + Allowances | Till 60 years of age |
✅ How to Apply
Applications must be submitted in the prescribed format along with self-attested documents.
Email Submission: recruitment@iii.org.in
Postal Address:
Mr. Kedar P. Sant
Secretary (Personnel Department)
Insurance Institute of India,
G Block, C-46, Bandra Kurla Complex,
Mumbai – 400051
The subject line should mention:
“Application for Faculty (General Insurance) – Contractual with Location” or “Application for Faculty (General Insurance) – Permanent with Location”
✅ Selection Process
- Shortlisting by Screening Committee
- Interview of shortlisted candidates
- Final selection based on merit and suitability
✅ Important Links
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Detailed Notification |
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Insurance Institute of India Official Website |
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Join IndGovtJobs Alert Channels |
✅ Frequently Asked Questions (FAQs)
How many faculty posts are available?
A total of 4 faculty positions are available.
What is the age limit for contractual faculty?
55 to 62 years as on 31 December 2025.
What is the salary for contractual faculty?
₹1,50,000 per month.
What is the last date to apply?
31 January 2026 before 6:00 PM.
How will the selection be done?
Through shortlisting and interview.