New Job Alert 2026: Retired Professionals Can Earn Up to ₹1.50 Lakh at Insurance Institute of India

Mumbai/Kolkata: Retired professionals now have a chance to resume their careers with attractive salaries at the Insurance Institute of India (III). The institute has announced faculty vacancies for retired personnel, offering monthly compensation up to ₹1.50 lakh. Interested candidates can apply offline until 31 January 2026.

Vacancy Details

• Recruiting Body: Insurance Institute of India (III)
• Positions:
• Faculty (General Insurance) – 2 posts (Kolkata)
• Assistant Professor – 1 post (Mumbai)
• Application Deadline: 31 January 2026
• Application Mode: Offline
• Salary: Up to ₹1.50 lakh per month
• Contract Duration: Up to 3 years for contractual faculty or until 65 years of age, whichever is earlier. The initial contract of one year may be extended based on performance.

Eligibility Criteria

Faculty (General Insurance):

• Retired as Deputy General Manager (GIC or PSU companies) or equivalent in Indian General Insurance companies.
• Must hold a postgraduate degree and III Associate/Fellowship or equivalent qualification.
• Minimum 15 years of managerial experience in General Insurance companies.
• Age limit: 55–62 years as of 31 December 2025.

Assistant Professor:

• Master’s degree in the relevant subject with at least 55% marks.
• PhD in Business Management or Social Sciences with a strong academic record.
• NET/SET qualified as per UGC rules.
• Experience at managerial level in General Insurance or teaching experience.
• Age limit: 35–55 years.
• Salary as per UGC norms; tenure till 60 years of age.

How to Apply

• Download the Application Form (Annexure) from the official notification on www.insuranceinstituteofindia.com.
• Fill in your details carefully and self-attest all supporting documents.
• Submit the completed application by post to:
  Shri Kedar P. Sant, Secretary (Personnel), Insurance Institute of India, G Block, C-46, Bandra Kurla Complex, Mumbai – 400051
• Alternatively, applications can also be sent via email to recruitment@iii.org.in before 6 PM on 31 January 2026.

This recruitment offers a golden opportunity for retired professionals to continue contributing to the insurance education sector while earning a lucrative salary.