| Competition: | Peruvian Segunda División |
| Season: | 1992 |
| Winners: | Unión Huaral |
| Relegated: | Internazionale Sport Puerto Aéreo |
| Prevseason: | 1991 |
| Nextseason: | 1993 |
The 1992 Peruvian Segunda División, the second division of Peruvian football (soccer), was played by 12 teams. the tournament winner, Unión Huaral was promoted to the Torneo Zonal's Final Group. The tournament was played on a home-and-away round-robin basis.