QUOTE(coolpajames @ Aug 2 2010, 05:15 PM)
wow this is great, llJasell.
In my own opinion (and I am in Insurance) it's the team factor that made me choose the agency I joined. The product, honestly, it's about the same with each different company.
To summarize = protection and savings (LI) Protection (GI)
In LI, if you want higher savings it's lesser protection and vice versa. in GI it's just protecting the item for the just in case it gets damaged and how fast and how less hassle it is to get back the monies lost.
to answer your questions: -
1) What is the procedure to become an Insurance Agent?
~ u know already. Take the exam yourself or via ur choice agency.
2) How many companies an Insurance Agent sign with?
~ LI = ONE! GI = i think it was 3
3) What is the commission rate?
~ GI average 3-5%, (1 time only) LI got 2 difference, Ordinary Life insurance 35%, Investment link insurance 25% (6 years reducing commission which totals up 105%)
4) What is General Insurance and Life Insurance? Can I sit for both or either one only?
~ u know the answer already. I m choose to focus only on Life Insurance. Lesser headache and distractions.
5) Which insurance company is best for it's policies and claiming?
~ hahaha all insurance companies are following Bank Negara Ruling, hence average 2-4 weeks claims out d in LI. in GI hahah wait la...cos need an adjuster or surveyor to ascertain the loss and submit an investigation report b4 the claims department look through it and pay, experience about 1-6 month or even more depending on the case.
I'm attached with GMA, Manulife Life Insurance in KL. IF you would like to know more do PM me. I'd be glad to help out.
Thanks for your information. It was very helpful. Hope this will be able to help others who are having questions like me. In my own opinion (and I am in Insurance) it's the team factor that made me choose the agency I joined. The product, honestly, it's about the same with each different company.
To summarize = protection and savings (LI) Protection (GI)
In LI, if you want higher savings it's lesser protection and vice versa. in GI it's just protecting the item for the just in case it gets damaged and how fast and how less hassle it is to get back the monies lost.
to answer your questions: -
1) What is the procedure to become an Insurance Agent?
~ u know already. Take the exam yourself or via ur choice agency.
2) How many companies an Insurance Agent sign with?
~ LI = ONE! GI = i think it was 3
3) What is the commission rate?
~ GI average 3-5%, (1 time only) LI got 2 difference, Ordinary Life insurance 35%, Investment link insurance 25% (6 years reducing commission which totals up 105%)
4) What is General Insurance and Life Insurance? Can I sit for both or either one only?
~ u know the answer already. I m choose to focus only on Life Insurance. Lesser headache and distractions.
5) Which insurance company is best for it's policies and claiming?
~ hahaha all insurance companies are following Bank Negara Ruling, hence average 2-4 weeks claims out d in LI. in GI hahah wait la...cos need an adjuster or surveyor to ascertain the loss and submit an investigation report b4 the claims department look through it and pay, experience about 1-6 month or even more depending on the case.
I'm attached with GMA, Manulife Life Insurance in KL. IF you would like to know more do PM me. I'd be glad to help out.
Sep 22 2010, 01:19 AM

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