Starting next year there will be a new distribution channel where customers can sign up for an insurance product themselves, something like self service, so there won't be any commission since no agent involved. But agents can still receive commission if customers sign up for an insurance product with the agents.

for all insurance? self service? not so good because if self service all things we must do it ourself .. 

WTA

is this AIA plan good or not for medical. This for age 36

Plan takaful rm90.10.                       
Plan room n board rm200 sehari. Sethn claim rm125000                       
Oversea emergency fund rm4.1 juta.tanpa had seumur hidup                       
Plan terbaik rm116.60 sebln premium                       
Room n board rm250. Sethun claim rm150000..                       
Oversea emergency fund rm4.1 juta..tanpa had seumur hidup

I had a good chat with an insurance director 36yrs old (started as a salesman) and he shared a little. Under prudential (if he's not lying), the commision for 1st year is 50% and following yr cascade up to 5th yr (Its in SG btw). He even showed me his income tax to IRAS (LHDN) of 258k for 2015 so can imagine la. At his level hes relying income from downlines and newbloods + prudential salary itself.

Anyway, from his input, I was curious and put them into excel, it does show the potential income of being a kuli insurance agent. Can find below
http://www.megafileupload.com/g8wl/Basic_commision_calc.xlsx

Can u share that link again? i think it's broken.

I think the beginning of next year only for a certain products. Well if self service then you might be able to save some money that's suppose to go to commission. So their charge cheaper premium maybe. I heard these from a friend who attended Malaysian insurance summit few days ago, not sure if bank negara posted the new framework already or not.

With this self-service, what happens when comes to claiming? Cuz now we are not tie to the agent that we bought the policy...if hospitalize, there will be no agent come to help you process the claim.

So how do we do it? Ask family members ?

With this self-service, what happens when comes to claiming? Cuz now we are not tie to the agent that we bought the policy...if hospitalize, there will be no agent come to help you process the claim.

So how do we do it? Ask family members ?

Great Eastern Commission

1st year - 45%
2nd year - 35%
3rd year - 20%
4th year - 10%
5th year - 5%

if i am not mistaken

if ilp medical card?

40%